Resolute Capital Develops Townhome Near Lake Tahoe
Private equity firm Resolute Capital Partners has completed the first two Village Walk Skyline townhome units, located in the all-seasons resort of Northstar California.
Private equity firm Resolute Capital Partners has completed the first two Village Walk Skyline townhome units, located in the all-seasons resort of Northstar California.
Located in Truckee, California, just north of Lake Tahoe, Village Walk Skyline is the resort’s first new development in the Village at Northstar in more than 10 years.
“We are extremely proud to finish construction of the first two Village Walk Skyline townhomes and hand over the keys to the new owners. Interest in the project has been high: the remaining six of the first eight units are either under contract or have received a letter of intent,” said Thomas J. Powell, Resolute Capital’s senior managing partner.
Resolute Capital has partnered with a team of designers, builders, and real estate professionals to create the residences at Village Walk Skyline, brokered by local realty firm Tahoe Mountain Realty. Resolute Capital and development partner, Paradigm8, continue to oversee the process.
The homes are designed by architecture and construction firm sagemodern, with manufacturing taking place offsite at prefab home builder Method Homes’ factory in Washington state. The modules are then transported to the development site in Truckee where construction is completed.
The current development phase includes 12 homes total, with 10 additional units slated as future-phase builds. Each of the 22 townhomes will include nearly 3,000 square feet of space with four bedrooms, three and a half bathrooms, a two-car garage, among other features.
Resolute Capital Partners is a private equity firm with offices in San Francisco, Dallas, and Minneapolis. Since its founding in 2010, the company has raised more than $514 million in its various energy, technology, and real estate funds.
