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 →
After being approved by Aspen City Council in June, Mark Hunt’s Base 2 Lodge, the target of a citizen-led petition effort, was shot down by voters in the November election by a 2-1 margin. But Aspen’s most prominent developer du jour has a lot more going on than the now dead-in-the-water Main Street hotel.
And Hunt is not the only one. In fact, there’s so much in the downtown Aspen development pipeline that it’s hard to keep tabs on it all. So here, all in one post, you’ll find updates on ten of Hunt’s Aspen buildings (including links to articles for more in-depth information). And in an upcoming issue of The Aspen Skinny, we’ll give you the latest on everything else. Continue reading →
There’s been no shortage of big sales, strategic moves, and bureaucratic action on the Aspen development chessboard lately, where, just like in chess, every move seems to affect the others. The major players of late? Mark Hunt, Aaron and Michael Brown, Bert Myrin, and Jeff Gorsuch. Here’s the skinny: 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 →
It’s something he plans to do with lots of “cool graphics,” focusing a little bit on history but more on “what we think is happening now and moving forward,” says Randy, who gave The Aspen Skinny a preview tease of his Symposium presentation. Continue reading →