Real Estate In the News - May 2022

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Real Estate in the News May 2022

Tory@ToryThomas.net 415 East Hyman Avenue, Aspen CO 81611 c 970-948-1341 | t 970-925-6060 | f 970-920-9993


“I always loved those little creatures, always feeling blessed when they appeared nearby. There’s a magical quality to them. I finally put one in a song.” ~ Leonard Cohen


Happy May everyone! I am excited to announce that I have a new condo listing in Aspen at 710 W Hopkins Avenue — priced at $945,000 . Light and bright, this precious, freshly painted, 1 bedroom condo lives incredibly well. Even with its compact size, this home feels larger than the square footage suggests. With air conditioning, covered parking, ample windows, and lots of sunshine beaming in, this pied-à-terre is the perfect place to call home. Located on the quiet end of the West Hopkins pedway, you are only minutes to Aspen’s core, and steps to the bike paths. Hiking up Shadow Mountain’s Little Cloud and Aspen Mountain trails are just across the street. Outside Ski/Storage closet located next to front door. Laundry & common storage located in the basement. No dogs. 6 month minimum rentals. With low dues that include all but cable/Internet, this charming home could be the last chance for something affordable in Aspen.

Tory

Tory@ToryThomas.net 415 East Hyman Avenue, Aspen CO 81611 c 970-948-1341 | t 970-925-6060 | f 970-920-9993


Aspen


Local Nonprofit to Shelter for Homeless

Run

Day City Council Doles Out $1.4 Million in Grants

Pitkin County commissioners approved an emergency ordinance to give a local nonprofit a lease to operate a day shelter and overnight winter shelter to serve area homeless people at the county’s health and human services building near Aspen Valley Hospital, the Aspen Daily News reported. Recovery Resources was the lone bidder through the county’s request for proposals process to run the day and winter shelters. The nonprofit, which has been leasing space in the building over the past few years for its offices and a detox unit, is expected to reopen the day shelter soon in the wake of the departure of the facility’s former operator, Aspen Homeless Shelter, which shut down at the end of March.

The Aspen City Council approved the distribution of more than $1.4 million to 95 local nonprofits that provide essential support to the community, the Aspen Daily News reported. On average, each nonprofit received $15,324. This year’s awards represent a significant increase in local nonprofit support, with cash requests increasing over 24% since 2021, rising to $2,123,605 from $1,667,550. Additionally, there were 14 first-time applicants, signifying a 15% growth in applicants over the previous year. The city restructured the grants program for the 2022 cycle. Groups Secures Funding to Preserve Hunter Creek History

Aspen Athletic Club Sells for $33 In order to preserve historic structures that are Million deteriorating in the Hunter Creek Valley, The A limited liability company called Dream Big or Hunter Creek Historical Foundation recently Don’t Dream at All Baby dropped $33 million received a $75,000 pledge from the John W. on the 720 E. Hyman Ave. building that hit the Baird Access Fund of the Trust for Public Land, market in early March for $29.95 million, the the Aspen Times reported. That boosts the Aspen Times reported. The sellers, through donations to $130,000. The targeted work CM LLC, were Evan Christian and the family is estimated to cost $350,000. The 60-acre trust of the late John Martin. The two Kiwis homestead site has been identified by the Forest paid $6.9 million for the property in 2006. Service as eligible for listing on the National The property comes with a city-approved Register for Historic Properties. The site is on building permit for two penthouses on the the north side of Hunter Creek, just east of the building’s top floor. July 15 is the deadline to boundary between private land and national pull the building permit for the penthouses, forest. There are several buildings that are in with construction to begin within six months. various stages of falling apart.


Snowmass Village


Slow Groovin’ Lease For Sale

Viceroy II Plans Approved

The operators of Slow Groovin’ BBQ on the Snowmass Mall have put the lease of the restaurant space on the market, the Aspen Times reported. Slow Groovin’ operates Slow Groovin’ BBQ in Marble, Propaganda Pie in Redstone and Honey Butter in Carbondale. The Snowmass restaurant typically closes for the offseason. The name “Slow Groovin’” is not part of the sale. The offering on the market would entitle the new owner to the lease of the space as well as everything inside for an asking price of $340,000.

Developers are setting the wheels in motion again for Phase II of the Viceroy hotel, more than a decade after Phase I opened near Snowmass Base Village in 2009, the Aspen Times reported. The plans propose nearly 50 units in a six-level annex built on top of a platform located just uphill of the existing Viceroy building. The design features 48 deeded units that will be available to purchase, including two studios, 22 units with two bedrooms, 18 units with three bedrooms, four units with three bedrooms and a “flex” den and two penthouse units with four bedrooms each.


Basalt


Steadman Clinic Opens in Midvalley The much-anticipated, 65,000-square-foot orthopedic clinic opened at the Willits Town Center, cementing a partnership between The Steadman Clinic and Steadman Philippon Research Institute (SPRI), Orthopedic Care Partners, Aspen Valley Hospital and Vail Health, the Aspen Daily News reported. The joint initiative broke ground in October

2020, with construction beginning the following month. The new facility includes offices and patientcare space for The Steadman Clinic, along with a 37,000-square-foot ambulatory surgery center. The ambulatory surgery center occupies the second floor of the building, with four operating rooms — the same capacity as Aspen Valley Hospital — and two shelled for future growth.


Carbondale

Carbondale Voters Approve Pool Town voters overwhelmingly approved a ballot question asking if the town should take on $8 million in debt from the existing recreation sales and use tax funds to build a new municipal aquatics center, to replace the John M. Fleet Pool, the Aspen Times reported. The measure passed 1,305 votes to 372.


Glenwood Springs

Glenwood City Employees Get 5% Raise the council was unanimous in its decision to authorize the raise, The Glenwood Springs City some questioned where the extra Council approved a 5% raise for $928,000 would come from. The city employees in response to city’s chief operating office said rising inflation and the already the city’s increasing tax revenue high cost of living, the Aspen would cover the 5% wage increase Daily News reported. Although for its employees.


Glenwood Secures Conditional Water City plans to build a park at just Rights for Parks one of the sites. The whitewater parks would be able to call for The city of Glenwood Springs higher flows during certain times secured a conditional water right of year and would allow beginner, for three potential whitewater intermediate and expert boaters parks on the Colorado River, to all enjoy the boating structures, the Aspen Times reported. The which have yet to be built. The new water right is tied to three five days of high flow would allow proposed boating parks: No Name, Glenwood to host a competitive Horseshoe Bend and Two Rivers. event around the Fourth of July Although the water right allows holiday. for two structures at all three, the


Pitkin County


Bells Bikers to Get Tracking Chip

on bringing more students and community members up the hill Pitkin County commissioners outside of Glenwood Springs, the agreed to move ahead with a pilot Aspen Daily News reported. program that will monitor locally rented e-bikes used to get to the The new education center will, over Maroon Bells Scenic Area, the time, allow the school’s nursing Aspen Daily News reported. The program to more than double the pilot program will provide data to 96 students it currently serves. help the county understand bike usage. To support the program, The new space, slated for e-bike rental shops will place a chip completion in July, will resemble on each bike that could potentially an actual hospital with distinct go to the Bells this summer. For patient rooms and a proper mockeach chipped vehicle that passes operation room. Also in the space the Maroon Bells Welcome Station, will be two debriefing rooms a $5 fee will be charged to the bike with video access to CMC’s other shop. high-fidelity nursing education centers in Steamboat Springs and The county will use the revenue to Breckenridge and a traditional support the program. The program classroom space. Students will have also will require that bike-shop access to more than 90 training customers view a video tutorial, situations across all demographics “How to E-Bike in Aspen.” They also with training mannequins, from must read a “Biking to the Bells” infant to geriatric scenarios to flyer and exhibit an understanding birthing. of the rules of the road for e-bike safety. This is all in an effort to help Pitkin County Airport Has Busiest create a safe environment on the Month in History scenic road that’s become popular with tourists on bikes. March was the busiest month for commercial passenger traffic in Spring Valley Campus Renovation the Aspen-Pitkin County Airport’s Almost Complete history, the Aspen Daily News reported. There were 92,614 A $2.1 million nursing simulation passenger arrivals in March, and lab, when complete, will finish a an equal number departed. That multiyear renovation project of represents a 3.5% increase over the Colorado Mountain College the prior monthly record for Spring Valley campus focusing ASE, which happened to occur in


March of 2019 — one year before demand for flights to and from anywhere nosedived due to the onset of COVID-19. Compared with March 2021 and March 2020, the passenger totals were up 42% and 96% respectively. Compost Numbers Hit Record High Pitkin County’s composting program is booming. In 2021, the Pitkin County Solid Waste Center recorded its highest composting level in the past six years, and it’s likely that the trend will continue to grow, the Aspen Times reported. In Aspen, the composting surge is almost entirely driven by an increased participation from residents, while less than 10% of the restaurants in Aspen are composting their organic waste. Pitkin County’s recycling and composting rates are the second highest in the state in 2020, with 38% of total residential and commercial waste stream — right behind Boulder County, according to the 2021 State of Recycling and Composting in Colorado by EcoCycle and CoPIRG. But the report found that Colorado is one of the 20 most wasteful states in the country, with a statewide recycling and composting rate of about 15% in 2020 compared with the national rate of 32%.

Redstone Castle Center Proposed

Sells,

Wellness

The Redstone Castle sold for $11.75 million, and the new owners envision an upscale wellness retreat at the historic landmark, the Aspen Times reported. ER Wellness, a subsidiary of the Elevated Returns asset-management company founded and presided over by global financier Stephane De Baets, announced it had acquired the Tudor-style mansion hailed as the “Ruby of the Rockies.” The sellers were April and Steve Carver, who put the castle on the market for $19.75 million in September 2020. The couple bought the castle for $2 million in 2016 and invested in a major renovation that was completed in 2018.


Tory@ToryThomas.net 415 East Hyman Avenue, Aspen CO 81611 c 970-948-1341 | t 970-925-6060 | f 970-920-9993


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