Throughout Mammoth Lakes many development projects are currently in the works. Some are aimed at expanding workforce housing, while others are targeted to be resort-style properties. This new growth is very exciting for the town of Mammoth!
Resort Property Development
Mammoth Lakes has many projects both proposed and actively under construction. Not only are there large-scale resort upgrades in the works by Alterra Mountain Company and Mammoth Mountain, there are three projects outlined below that are currently underway.
The Limelight property is currently under construction and will feature approximately 151 hotel rooms and 15 luxury residences. Substantial site work has been underway this summer, with construction continuing into 2023 and 2024. Limelight has a prime location across the street from The Village at Mammoth. The Village provides ski lift access to Mammoth Mountain’s Canyon Lodge, restaurants, shops, it is the main hub for the town shuttle system and Mammoth Mountain’s Bike Park. The amenities at Limelight will include an outdoor pool, hot tubs, fitness center, and kids game room. “The Lounge” is a great room within the hotel which will house a restaurant, bar, and indoor/outdoor terrace.
The Reserve is the newest phase of the Obsidian property. This new project will consist of a total of 25 units including 3 single family homes. There are 3 different floor plans for the townhomes including 3 bedrooms with a total square footage of 2214 and 4 bedroom units with a total square footage of 2752. These are nestled along Sierra Star Golf Course within the luxury complex, Obsidian.
Sierra Nevada Resort Redevelopment
This project includes interior and exterior improvements to the existing Sierra Nevada Resort hotel, Rafters restaurant space, the construction of 30 new cabin units, expanded event spaces, and added amenities. Construction of the 30 new units is underway and they will be used as vacation rentals.
Long-Term Housing Initiatives
The Town of Mammoth Lakes has been actively pursuing multiple avenues to address the ever growing need for long-term, local housing. They have made successful headway and coined their efforts “Housing Now!”. Below we have outlined their current and upcoming projects. These were all possible through funding from the Town of Mammoth Lakes, Mono County, along with State Grants. In addition to housing projects, the town also has creative programs to help aid local workforce into homeownership.
The Parcel is currently being developed on a 25 acre parcel in the center of town. Building is moving forward in two phases. Phase 1 consists of 81 rental units (80 affordable units + 1 manager’s unit). Occupancy is expected Fall of 2023. In addition to the rental units there will be a public park and childcare facility onsite. Phase 2 is expected to consist of 148 rental units (1-2 of these will be manager’s units). The second phases’s construction timeline is dependent on securing additional grant funding. Both phases will have studios, 1, 2, and 3-bedroom units. Tenants will have to apply and meet the income requirements set forth by the TOML. The Parcel is the largest housing project the town currently has set in place and once completed is expected to provide a total of 229 units.
60 Joaquin Rd
On a smaller scale, the TOML has acquired vacant land at 60 Joaquin Rd. They have plans for a 4-unit project with the intent to release each for individual home ownership. Occupancy is targeted for Fall of 2023 and does require Buyers to fall within their designated income bracket.
Access Apartments – 238 Sierra Manor Rd
238 Sierra Manor Rd is currently a commercial building. This property was obtained with the intent to turn the commercial space into a multi-unit residence. Current plans will create eleven 1-bedroom apartments and occupancy is expected for Spring of 2024.
Homekey Project – 913 Forest Trail
The town has acquired the Innsbruck Lodge, an existing hotel near The Village at Mammoth. They are working to convert this space into 16 individual units. 15 will be affordable housing with 1 additional manager’s unit. The target occupancy for this project is Spring of 2023.
Mammoth Mountain’s Sierra Lodge Project
Mammoth Mountain has purchased the Sierra Lodge in Mammoth. They will convert the 36 room hotel into housing for up to 72 Mammoth Mountain employees. This is expected help ease the burden on Mammoth’s strained rental market and allow for seasonal mountain employees to be able to find winter housing. Renovations happened immediately and the building is already able to house some employees.