Author Archives: Catherine Lutz

Construction Junction 2

Construction Junction: What’s Going Up In Aspen

With construction season still in full throttle, some major changes are underway, including at two highly visible corners of downtown Aspen, while behind-the-scenes planning has intensified at the base of Lift 1A. Here’s the rundown on the most prominent redevelopment projects in Aspen. Continue reading

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Ideas sign Aspen mtn_DB

The Best of Aspen Ideas

Big ideas, bold ideas, brave ideas — in the seven days of the 2017 Aspen Ideas Festival, all types of ideas on all types of subject matter were discussed, debated, tossed around, and hopefully absorbed. This is a second in a two-part series looking back on the festival and plucking out its best parts. In the last post, we focused on Spotlight Health, three days’ worth of panels, discussions, lectures, and interactive sessions focused solely on health. Here, you’ll find notable nuggets and thought-provoking quotes drawn from the myriad themes of the broader Ideas Festival. Enjoy. Continue reading

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Greenwald pano_DB

Aspen Ideas: The Best of Spotlight Health

Every year, we look back at the dizzying ten days of the Aspen Ideas Festival, and try to pick out its biggest ideas, most notable nuggets, and best thought-provoking quotes. The 2017 edition of this feast of knowledge and dialogue did not disappoint — hundreds of accomplished, creative-minded speakers brought their ideas forth in fields spanning the spectrum from the arts to the sciences, from the humanities to the highest technologies.

In this post, we focus on Spotlight Health, three days’ worth of panels, discussions, lectures, and interactive sessions focused solely on health — in its many iterations. Next time, we’ll bring you a selection of ideas on a broader array of topics. Enjoy. Continue reading

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Leverich&Carrmontage2

Our New And Improved Team

It’s been about three months since we upped our game by partnering with the stellar team at Leverich & Carr, creating one bigger, happier family based on both of our groups’ core values of teamwork, integrity, and clients first. Now that we’ve had some time to settle in and get to know each other better, we’d like to tell you a bit more about our latest journey. Continue reading

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total pitco valuation

2017 Property Valuations: Overall Up, but Not Everywhere

On May 1, county assessors throughout Colorado mailed out valuation notices to all property owners in the state, as they do every two years. The new valuations reflect the appraised value of properties as of June 30, 2016, based on comparable neighborhood sales for the two-year period prior to that. We spoke with Larry Fite, chief appraiser for Pitkin County, and with Eagle County Assessor Mark Chapin, to explore the trends they discovered during the two-year valuation period which began mid-2014 and ended mid-2016. It’s helpful to understand these trends, both to understand how and why property values fluctuate and to get an idea of where things are going. Continue reading

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Aspen_Snowmass_-_Aerial_Photograph

Power of Four to Become the Power of a Lot More

Last week’s announcement that Aspen Skiing Co. is partnering with private equity firm KSL to purchase Intrawest Resort Holdings and Mammoth Resorts made waves throughout the ski world. In fact, the company’s entree into the acquisition and consolidation game (the Aspen/KSL partnership will boast 16 ski areas among them when the deals are completed) is probably the biggest splash the North American resort industry will feel in many years.

Here’s what you need to know about the acquisitions, some thoughts from Aspen Skiing Co. COO David Perry, and what others are saying about it. Continue reading

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*Aspen overview

Aspen Land-Use Code Changes, Explained

When a yearlong moratorium on new development applications in Aspen’s commercial core expired on March 17, a series of far-reaching land-use code changes went into effect. The code tweaks, which consumed many an Aspen City Council meeting for over a year, apply to building heights, free-market residential uses, downtown commercial mix, parking, affordable housing mitigation, and more. Council even tinkered with what kind of stores to allow in Aspen. It’s the most extensive rewrite of Aspen’s land-use codes since the “infill” regulations of the early 2000s loosened them. Here’s your guide to what’s changed. Continue reading

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World Cup Fever

World Cup Finals are in town, and it’s a very exciting time to be in Aspen!

Alpine ski racing’s most important event, the FIS World Cup Finals are the last set of races on the World Cup circuit for the season, crowning the champion in five disciplines plus the overall men’s and women’s champions. Only 25 racers in each discipline qualify for the finals, so you’re watching the best of the best competing over five days in downhill, super G, giant slalom, slalom, and the nation’s team event. Continue reading

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Base Village Plaza Renderings-Elevations.Feb 2017

It’s Happening — New Development in Snowmass

The ink now dry on the deed, East West Partners and Aspen Skiing Company are well down the line with their plans for the completion of the next phase of Base Village in Snowmass. John Calhoun, director of sales and marketing for East West, met with our office recently and assured us that the day after the ski season ends on April 17, we’ll definitely see at least a “dude with a shovel” out on the gondola plaza, soon to be followed by a huge construction crew getting started on four different projects. By summer, big cranes will be visible from throughout the Village; and, by fall, we’ll see all the buildings going vertical. Certainly, by next ski season, our visitors will be well aware that this long-delayed development is back on track. Continue reading

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Market 2016 chart from CC

A Closer Look at the 2016 Real Estate Market

December 2016 capped a strong fourth quarter, one that nearly eclipsed the first three of the year. While it wasn’t enough to pull 2016 up to the levels of the prior two years, the final four months of 2016 nearly equaled the first eight, as election-year hesitation was replaced by some pent-up demand. Aspen’s considerable 12-month drop seemed to have as much to do with weak inventory as election-year jitters, so we’re pleased to see the increase in single-family home inventory — increasing demand should allow prices to stay strong. With adequate inventory and its comfortable price advantage over Aspen, Snowmass maintained its performance, actually growing dollar volume by 3%. Basalt also fared well, especially in average sales prices which, overall, grew by an impressive 13%. Continue reading

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