The Clock Tower and the related parcels represent a distressed purchase from First National Denver’s REO portfolio. Situated at the base of Steamboat Ski Area, the project comprises 2 acres of development land, and the renovation of 13,000 sqaure feet of commercial space. In 2008, the site was entitled to support the 500,000 square foot St. Cloud Condominium-Hotel project. BSV intends to reduce the scale to support a phased project that contains apartments, a boutique hotel, and retail space.