Can't build Repo: TSError: ⨯ Unable to compile TypeScript

[ReevMich]

Bug, feature request, or proposal:

Bug

What is the expected behavior?

Material 2 produces a release build.

What is the current behavior?

I'm new to the angular world and I'm trying to find a way to contribute to the project but when I follow the development steps from the DEVELOPMENT.md to build the project, I get the following error.

C:\Users\cooly\Desktop\material2-master>gulp material:build-release

C:\Users\cooly\Desktop\material2-master\node_modules\ts-node\src\index.ts:307
        throw new TSError(formatDiagnostics(diagnosticList, cwd, ts, lineOffset))
              ^
TSError: ⨯ Unable to compile TypeScript
tools\gulp\tasks\lint.ts (90,24): Property 'red' does not exist on type 'typeof "C:/Users/cooly/Desktop/material2-master/node_modules/@types/gulp-util/node_modules/chalk/...'. (2339)
    at getOutput (C:\Users\cooly\Desktop\material2-master\node_modules\ts-node\src\index.ts:307:15)
    at C:\Users\cooly\Desktop\material2-master\node_modules\ts-node\src\index.ts:336:16
    at Object.compile (C:\Users\cooly\Desktop\material2-master\node_modules\ts-node\src\index.ts:498:11)
    at Module.m._compile (C:\Users\cooly\Desktop\material2-master\node_modules\ts-node\src\index.ts:392:43)
    at Module._extensions..js (module.js:579:10)
    at Object.require.extensions.(anonymous function) [as .ts] (C:\Users\cooly\Desktop\material2-master\node_modules\ts-node\src\index.ts:395:12)
    at Module.load (module.js:487:32)
    at tryModuleLoad (module.js:446:12)
    at Function.Module._load (module.js:438:3)
    at Module.require (module.js:497:17)

What are the steps to reproduce?

1. I just downloaded the repo from GitHub
2. Unzipped the project
3. Followed the steps from the DEVELOPMENT.md to try to build the project.

Which versions of Angular, Material, OS, TypeScript, browsers are affected?

Material 2 beta
Angular: Repo Angular Version
OS: Windows 10
Typescript: 2.4.2

Is there anything else we should know?

[willshowell]

Likely related to #8030

[crisbeto]

Will be resolved by #8030.

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