Hotell Terra I closed on all of their intial units last week. Sounds like $1000/square foot was the average, yet appraised values are more like $1275/foot- wow. This seems like the beginning of a surge of activity for Teton Village, at least for new condo-tel rooms. A few resales have already shown up on the MLS; 3 bedroom unit for $2.15M and a 2 bedroom for $1.35M. The construction crew was scurrying when I visited and the stress level was high to say the least. The only current occupants are with the Quiksilver crew here in JH for the snowboard competition organized by local ripper Travis Rice. These guys will for sure break in the new digs and help to work out the kinks.

The restaurant in the lobby will be open this week- so far the tasting reviews are incredible. Osteria will feauture Italian cuisine with a wine bar, gourmet pizzas and outdoor terrace with a fireplace. Opened by Rendezvous Bistro legend, Gavin Fine this place should be packed every night.

Link to Hotel Terra recent activity:

http://www.flexmls.com/cgi-bin/view.cgi?20080204213059352332000000&s=10&id=1