A small resort town in central Vermont is getting a new housing development near one of the nation's largest ski resorts at a time when the community may need it the most.
Live Killington Village will feature condos, townhouses and single-family residences in Killington, Vermont, according to Canadian developer Great Gulf. The complex will be completed in phases. More than 650 units will be included in the first phase.
Construction on Live Killington Village hasn't yet begun because the town is building the infrastructure needed to accommodate the new homes, Daniel Kitchen, a spokesperson for the developer, told Homes.com. The town is working on paving new roadways and installing a 10-kilometer water line that will feed into a 750,000-gallon storage tank for the development, he said.
As for the development itself, "vertical construction of the village is targeted for spring 2027 and will depend on market conditions, particularly presales," Great Gulf said in an emailed statement. Buyers are scheduled to begin moving into the village between late 2027 and early 2028, the developer said.
"As with any transformational development, timelines can evolve," Great Gulf said in the statement. "But our vision to deliver a premier four-season resort experience remains unchanged."
Great Gulf has not disclosed the starting price for the homes.
Killington has long had a housing shortage, but Americans moved to the town when prices were lower during the COVID-19 pandemic, making the shortage worse, said Bret Williamson, an agent with Killington Valley Real Estate. Although Killington is mainly known for its winter ski getaways — Killington Mountain Resort and Pico Mountain Ski Resort — town officials have spent the past decade making the area a year-round recreational destination. Demand for housing has spiked since the newcomers have arrived, he said.
"I've always said we have the best resort on the East Coast, but the worst real estate," Williamson told Homes.com. "Now that we've got this village coming in, it's about time. It's justified."
He predicted, however, that the new homes would be costly.
"When the village announces their presales, it's going to be expensive," said Williamson. "It's going to make a lot of properties down the road, not in the village, [even] more attractive."
In addition to housing, Live Killington Village will eventually include 111,000 square feet of retail and dining space, an 84,000-square-foot lodge, biking trails, fitness centers, spas, and an amphitheater.
