Matthew Lehman Real Estate: The Premier Brokerage for Commercial, Industrial and Complex Real Estate in Mammoth Lakes

Proven Expertise in Landmark Development Deals: Mammoth Crossing, Woodsite (Crestwood), Berner Street Marriott and Mammoth View
Commercial & Industrial Properties for Sale in Mammoth Lakes – Mammoth Lakes CA Homes for Sale – Matthew Lehman Real Estate

 

Mammoth Lakes is entering an exciting new era of growth. Major hospitality brands are investing, developers are assembling prime parcels, and the demand for high-quality commercial, mixed-use, and resort residential opportunities continues to rise. Yet in this unique mountain market, governed by the North Village Specific Plan, stringent environmental reviews, and a tourism-driven economy, success in commercial, industrial, and complex real estate transactions requires far more than a standard brokerage. It demands deep local roots, decades o

f specialized experience, and a proven ability to navigate entitlements, stakeholder interests, and intricate deal structures.

At Matthew Lehman Real Estate (MLRE), we are that trusted partner. Time and again, stakeholders of Mammoth Lakes’ most important properties choose us, even over national firms, because of our unmatched depth of knowledge and unique local insight. As Mammoth Lakes’ go-to brokerage for complex and high-value transactions, we have proudly represented clients in several of the most significant commercial and development deals in recent years. Our track record speaks for itself: we do not just list properties, we strategically position assets, connect the right buyers and sellers, and help shape the future of this remarkable destination.

Our Landmark Transactions: Shaping Mammoth Lakes’ Future

Here are some of the notable commercial and development properties MLRE has sold or represented in recent years, each one a testament to our expertise in complex transactions.

Mammoth Crossing: The Future Home of JW Marriott and Ritz-Carlton Branded Experiences

In 2024, Matthew Lehman Real Estate brokered the landmark sale of the Mammoth Crossing assemblage (also known as Peak Mammoth) at the high-profile intersection of Main Street (Hwy 203), Minaret Road, and Lake Mary Road. This multi-parcel site spanning approximately 9-10.5 acres represented one of the largest and most strategically important development opportunities in Mammoth Lakes in years.

Currently under concept review and advancing through the Town’s planning process (as of March 2026), the proposed vision by New Course Enterprises includes:

• Site 1 (Northwest Corner): JW Marriott Resort and Spa, a 196-room hotel with spa, dining, public spaces, and 26,000 sq ft of conference facilities including a 6,000 sq ft ballroom.
• Site 2 (Southwest Corner): Ritz-Carlton Residences, 86 luxury for-sale residential units with street-level retail, restaurant, and amenities.
• Site 3 (Southeast Corner): JW Marriott Residences, approximately 101 luxury for-sale units (1-4 bedroom options) with shared amenities and pedestrian bridge connectivity.

The project emphasizes public plazas, ground-level commercial space, enhanced bike/pedestrian connectivity, and design elements inspired by local geology (Devils Postpile). It builds on the long-standing North Village Specific Plan framework. MLRE’s deep knowledge of zoning, prior environmental reviews, and ability to effectively communicate the project’s vision to stakeholders were instrumental in facilitating this transformative transaction.

The Woodsite (Soon to be Crestwood): A New Standard for Resort Residential Living

Sold by MLRE in fall 2025, this approximately 7.7-acre site located at 5699 and 5781 Minaret Road sits within the Specialty Lodging zone of the North Village Specific Plan. In June 2026, the Planning and Economic Development Commission approved entitlements for Crestwood Mammoth LLC’s vision: a 69-unit resort residential Planned Unit Development featuring a thoughtful mix of housing types designed to feel like a neighborhood rather than a monolithic complex.

The approved plan includes 3 single-family homes, 26 duplexes, 4 triplexes, and a community recreation/amenity building. The design has been refined through Advisory Design Panel review to ensure it respects Mammoth’s alpine architectural character, with quality materials like substantial stone siding and appropriate roof forms. This project addresses the ongoing demand for high-quality ownership and short-term rental-ready residences in a prime location near the Village, Sierra Star Golf Course, and ski access. MLRE’s expertise in guiding developers through the entitlement and design review process helped bring this opportunity to fruition.

Berner Street Property: The Upcoming Residence Inn by Marriott

MLRE has been involved in key transactions and positioning related to the Berner Street site (94 and 150 Berner Street), a combined 2.1-acre parcel in the Specialty Lodging (SL) zone of the North Village Specific Plan. The property, previously home to commercial and light industrial buildings, carries entitlements (with time extensions granted) for a 101-room Residence Inn Boutique Hotel by Marriott.

The approved concept features a four-story condominium-hotel with 109 understructure parking spaces, guest amenities including an indoor pool, jacuzzi, fitness center, bar/lounge, dining, and outdoor patio areas. This extended-stay focused Marriott property will complement other hospitality developments in the Village area, offering a different but valuable lodging option for visitors. Complex deals involving entitlement extensions, design review, and conversion of older commercial sites to modern hospitality use are exactly the type of transactions where MLRE’s local experience and relationships deliver results.

Mammoth View: Prime Development Site with Panoramic Potential

In December 2025, MLRE facilitated the successful sale of Mammoth View, a premier 5.51-acre assemblage (4.64 acres developable) located along Main Street at the intersection of Mountain Boulevard, just east of the Village at Mammoth. This strategically positioned site offers exceptional visibility, 810 feet of Main Street frontage, elevated building pads with panoramic views of the Sherwin Mountains and Mammoth Mountain, and Mixed Lodging Residential (MLR) zoning allowing a 2.0 Floor Area Ratio.

The site benefits from pre-graded and terraced pads (from prior commercial uses), existing water and sewer infrastructure, and a history of entitlements (previously approved in 2011 for a 54-room boutique hotel, 24 townhome condominiums, and 28 cabin units, though those specific plans have expired). Its location as a midpoint between primary commercial districts and the Village, combined with strong mountain views and flexible zoning, makes it highly attractive for a range of future development concepts. Whether the new owner pursues hospitality, residential, or mixed-use, MLRE’s targeted outreach to qualified developers and comprehensive market knowledge ensured a smooth, successful transaction for the seller.

Why MLRE Excels at Commercial, Industrial and Complex Transactions

Mammoth Lakes is not a typical real estate market. Deals here often involve:

• Multi-parcel assemblages and complex ownership structures
• Navigating the North Village Specific Plan and its amendments
• CEQA compliance, environmental reviews, and design guidelines
• Balancing tourism growth with community concerns (parking, traffic, workforce housing, wildlife)
• Unique topography, snow storage, and infrastructure considerations
• Attracting out-of-area investors and national hospitality brands while respecting local character

Matthew Lehman Real Estate brings unmatched qualifications to these challenges:

• True Local Expertise: Matthew grew up in Mammoth (family roots since 1972) and has been a leading broker and appraiser here since the mid-1990s. We understand the nuances that outsiders miss.
• Appraisal and Valuation Strength: Our background in professional appraisals provides superior insight for pricing, financing, and negotiation in a market with limited comps.
• Entitlement and Planning Navigation: Extensive experience with Town processes, Advisory Design Panel, Planning Commission, and CEQA documentation.
• Full-Service Platform: Sales, marketing (including professional video tours and SEO-optimized content), HOA management, market reports, and digital lead generation targeting SoCal second-home buyers and investors.
• Proven Production: Consistently ranked among the top-producing agents and brokerages in Mammoth Lakes and the broader Inyo/Mono County region.
• Strong Network: Relationships with local officials, developers, lenders, hospitality groups, and qualified buyers across California and beyond.

Stakeholders consistently select MLRE over national firms precisely because of this depth of knowledge and unique local insight that only a true insider can provide.

The Mammoth Lakes Commercial and Development Outlook

Mammoth Lakes continues to attract serious capital. The opening of the Limelight Hotel, ongoing projects like Rockspring, and the proposed Marriott-branded developments at Mammoth Crossing and Berner Street demonstrate growing confidence from national and international hospitality players. At the same time, residential and mixed-use opportunities like Woodsite/Crestwood and Mammoth View show sustained demand for quality ownership product in a supply-constrained market.

For developers, investors, and business owners, the key to success lies in partnering with a brokerage that understands both the big-picture opportunity and the granular, on-the-ground realities of getting deals done in Mammoth Lakes. Whether you are looking to acquire development land, sell a commercial or industrial asset, or structure a complex transaction involving entitlements or repositioning, MLRE offers the local intelligence, transactional experience, and client-focused execution you need.

Let’s Build Mammoth’s Next Chapter Together

Mammoth Lakes offers a rare combination of world-class natural beauty, strong tourism fundamentals, and exciting development momentum. For commercial, industrial, and complex real estate transactions that require sophistication and results, Matthew Lehman Real Estate is the clear choice.

 

Check other links:
Events Happening in Mammoth Lakes | Visit Mammoth
Mammoth Lakes, CA – Official Website | Official Website