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 →
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 →
As Aspen City Council further restricts the potential of new residential development downtown (more on that in a future Skinny), the Hotel Jerome Residences may be the last of their kind. Continue reading →
With the holiday season upon us, the biggest question for most locals is how to fit it all in. Between work and other obligations, all the ski mountains fully open, and kids out of school for the holiday break, there’s hardly time to enjoy the myriad holiday events and offerings. To narrow the list down a tad, here’s a selection of some of our favorite holiday happenings in Aspen and Snowmass, including unique events at our favorite community institutions as well as some much-loved universal traditions. Continue reading →
Aspen Mountain is open, the fastest ladies in the world are in town, and the event season kicks off with a special anniversary party at our favorite historic hotel. We love the excitement and anticipation winter brings — as if the snow-covered landscape allows you to see everything with fresh eyes — and we are thankful for being able to enjoy another season in this special place. Here’s more on what’s going on: Continue reading →
Developer Mark Hunt recently released tentative plans for five properties he owns in downtown Aspen. The plans were informally reviewed — and generally praised — by Aspen’s Historic Preservation Commission in September. Hunt, who with various investment groups has purchased about a dozen downtown properties in the last few years (for a collective $100 million or so), is expected to file official applications for the five properties soon. In the meantime, here’s a look — in before-and-after images — at what he’s proposing: two new affordable lodges and three purely retail properties, including the renovation of the historic Crystal Palace. Continue reading →
On August 14, BJ Adams and Company held our sixth annual Aspen/Snowmass State of the Real Estate and Tourism Economy Symposium, the upper Roaring Fork Valley’s only event devoted to in-depth exploration of real estate and tourism trends. For those who were unable to attend, or who would like a summary of what was discussed, this post is for you. Continue reading →