The Roaring Fork Valley was not immune to the recent economic strife that has been felt throughout the country, but recent activity gives hope that the bottom has been reached mid-valley. Shadowrock Townhomes, a townhouse project located mid-valley in El Jebel, was recently sold to another developer with high hopes of completing the project in the next 40 months. (more…)
UPDATE: the sale of the Limelight Lodge was official on April 13th, 2010. Aspen Skiing Co. purchased the property and hotel operations for $37.9 million. Retaining 97% of the employees who wished to stay, Aspen Skiing Co. also hired a new General Manager. Richard Stettner from Denver will be taking over the leadership position for this property.
In addition, two of the three penthouses are under contract and are scheduled to close by June, 2010.
These sales were recorded in Pitkin County from March 30th to April 6th, 2010. For a full market analysis or more details, contact Jen at Jen@JenEngel.com or 970/618.7319.
Property: 61 Timber Ridge Lane, Two Creeks Subdivision-Lot 28 (Snowmass Village) Photographed here.
Sold Price:$9,040,000 (more…)
A new ownership group purchased the Lodge at Aspen Mountain last week for $15 million, according to Pitkin County public records. The proposed hotel site received a lot of attention over the past five years, along with the revitalization of the Lift 1-A area of Aspen. (more…)
There were six sales in Aspen and Pitkin County during the week of March 16th - 22nd that were significant, up from the previous two week periods. See transactions listed below.
For more details, please contact Jen at Jen@JenEngel.com or via phone at 970.205.2206.
Property: 917 S. Mill Street, Aspen (Top of Mill Townhome E) Photographed here
Sold Price: $6,850,000 (more…)
The City of Aspen has been seen as an opponent to development in recent years, with more rules and regulations for building and less exceptions to those rules. As reported in The Aspen Times this week, Aspen City Council unanimously voted for a new option to help builders comply with the affordable housing regulation, which will hopefully spur new development in the City of Aspen. (more…)
It’s official – Whole Foods Market has signed a new agreement to open a store at Willits Town Center in Basalt. No details have been released yet regarding the store size, the terms of the agreement and the projected opening date, although a source says more details are expected to be released this week. (more…)
Wendy Lucas and Co. opened its doors four years ago in Basalt at the height of the Aspen real estate market. Marcos Rodriguez, an entrepreneurial business man new to the Aspen area, purchased the real estate firm this week for an undisclosed amount.
There will not be any immediate changes on the surface of Wendy Lucas and Co. Wendy Lucas, the former owner and managing broker, will remain the managing broker. The office will continue to be based out of the Willits area in mid-valley Basalt.
The new owner, Marcos Rodriquez, acquired Aspen Homes Realty in September 2009 and the long-established firm, Aspen Real Estate Co., in December 2009. He started Aspen Preferred Properties in November and Aspen Business Brokers in December. He also owns KSNO, KUUR, TV Aspen channel 19 and the website www.aspenglenwood.com.
The 289-acre property that has been known by several names over the last decade, including Sanders Ranch, Bair Chase, Cattle Creek Crossing and Cattle Creek Colorado, has a new owner and name as of last week. The property is now called “Riverbend” and was purchased by Carbondale Investments LLC, for $15 million from the Garfield County Public Trustee. (more…)
