Gravel & Shea Represents Great Gulf in Killington Land Transaction

By  |  

Toronto-based developer acquires Killington development parcels to lay the groundwork for Six Peaks Village

Gravel & Shea is pleased to announce the closing of a $43 million land transaction between SP Land Company, LLC and a Toronto-based developer, Great Gulf. Great Gulf’s acquisition includes 1,095 acres of land, including the future home to the Six Peaks Village at Killington Resort.

Michelle Farkas, Shareholder, says, “We’re pleased to be local counsel to the Canadian developer, Great Gulf. Great Gulf is an experienced development team that can make the conceptual plans for the development of the village a reality.”

In March of 2023, Killington voters passed Article 5 on Vermont’s Town Meeting Day. The $47 million bond paved the way for a multi-phase infrastructure and development project including the introduction of municipal water and a redesigned & reconstructed Killington Road.

Great Gulf Group, a Toronto-based real estate development company with 48 years of experience and more than 90,000 residences in 2 Provinces and 8 US States, will develop Six Peaks Village.

“Following the Town Meeting Day vote, this land transfer was the most critical first step to pave the way for this exciting project in Killington,” says Great Gulf Group President of Resort Residential Division, Michael Sneyd. “We are grateful for the professionalism and expertise offered by our Vermont counsel, Gravel & Shea, and their assistance in executing this key transaction.”

The first residential offering will encompass more than 200 condominiums and townhomes, and extensive retail, restaurants, and amenities for year-round use at Killington Resort.