It’s been a hot year for real estate sales and construction in the city of Aspen, while the pipeline for future development has slowed down noticeably. Through the third quarter, Aspen property sales are up nearly 60 percent and dollar volume is more than double what it was last year at the same time, returning the market to 2015 levels. And although the number of land-use cases has been steadily declining for the last three years, total building permit valuations through October are ten times what they were at the height of the recession in 2009, and it’s so far the second-busiest year for building permit in the last nine years.
Here’s your complete guide to what’s going up, what’s going on, and what it all means, in Aspen. Continue reading →
Sales and construction have begun on The Aspen Club Residences, the long-awaited private residence club on The Aspen Club campus tucked away under the eastern flank of Aspen Mountain just a couple of blocks from the downtown core.
Along with a wholesale renovation of The Aspen Club, which will shut down its health and physical therapy facilities beginning April 1, the 20 Aspen Club Residences represent a unique new wellness community that’s designed to bring together families in a setting that “creates an opportunity for transformative living,” according to Aspen Club owner Michael Fox. Continue reading →
The concept of a comprehensive wellness facility in the heart of Aspen should be a global draw, says Aspen Club owner Michael Fox, who presented his vision of the Aspen Club Resort project at an Aspen Business Luncheon event this past summer. Continue reading →