Real Estate In The News September 2020
ASPEN
Mark Hunt Purchases Questioned by 301 East Hyman Avenue, LLC were the grantees of 15 fractional “estates” in the Prospector HOA Prospector. The fractionals were sold in Two limited liability companies controlled one-fifteenth shares, and the sale prices by prominent Aspen commercial ranged from $10,000 to $52,000. The landlord Mark Hunt have been buying Prospector — located at 301 E. Hyman up fractional shares in the Prospector Ave. — remains the final property on Condominiums over the past year. To the 300-block of East Hyman Avenue prevent a takeover of the property, the not already controlled by Hunt and homeowners’ association — known his partners, who have acquired 17 as the Prospector Fractional Owners’ commercial properties for around $160 Association, or PFOA — has attempted million since 2010. to limit how much control Hunt’s entities can have and they’ve filed a lawsuit, the Aspen Sojourner on Hiatus Aspen Daily News reported. The parent company of Aspen Between July 1, 2019 and July 31, 2020, Sojourner, SagaCity Media, announced Aspen Fractional Holdings, LLC and that its publications in mountain town
ASPEN
communities would take a “hiatus” following the recent publication of their summer/fall books, the Aspen Daily News reported. Normally, the magazine publishes bi-monthly during the high seasons. Sojourner’s entire local staff was laid off, save for veteran publisher Nancy Mayer, who was furloughed. Park City Magazine, Colorado Summit and Vail/Beaver Creek Magazine were also impacted.
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based Metropolitan Theatres Corp. said that Isis Theatre and four of its other 16 cinemas — two others in Colorado, one in Utah, one in Idaho — would open in August after being closed because of the coronavirus pandemic.
New York-based Bow Tie Cinemas also announced the projectors would resume rolling at Movieland 7 in El Jebel. Movieland shut down for three months because of the pandemic, reopening in Isis Theatre Reopens mid-June with limited seating and other public-health order restrictions. The Isis Theatre reopened at the end of August, seven-screen cinema, the largest in the the Aspen Times reported. Los Angeles- Roaring Fork Valley, closed again in midJuly for undisclosed reasons.
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SNOWMASS
Daly Diner Opens The Daly Diner, which opened in the former Village Tavern space at the Snowmass Center, is now serving up American comfort foods for breakfast and lunch. Headed by Stacy Forster
and Heather Huber, co-owners of Taster’s Pizza, the new diner takes after the Wildcat Café, which was one of the handful of restaurants that has occupied the same space since Forster opened Taster’s in 2001, and will add to the village’s shortlist of dine-in breakfast options.
BASALT
Steadman Clinic Submits Building Plans to Town Steadman purchased property at the intersection of Harris Street and Steadman Clinic, the renowned Willits Lane last year. The clinic will orthopedic care facility headquartered be adjacent to an Aspen Skiing Co. in Vail, submitted plans to the town affordable-housing project currently construction. The plan of Basalt for a 50,000-square-foot under structure in Willits Town Center, the submitted to Basalt said the medical Aspen Times reported. Steadman is office building would have three stories seeking approval to start work on the above grade with 43,075 square feet foundation of the building this summer. of commercial space and 6,778 square The clinic is headquartered in Vail and feet for public circulation. There will has branches in Frisco and Edwards. be a 44,127-square-foot underground Steadman signed a letter of intent with parking garage. The plans said there Aspen Valley Hospital earlier this year would be 80 off-street parking spaces to take over OrthoAspen in a strategic and 48 on-street spaces. partnership.
CARBONDALE
Red Hill Improvements Complete
quarter-mile up the road has been decommissioned and is no longer After several months’ worth of accessible. The lower parking area is construction, the popular Red Hill for commuter parking and overflow Recreation Area near Carbondale trail parking. reopened Sept. 1, the Glenwood Springs Post Independent reported. New City Market Opens Improvements include separate dedicated parking areas for park-and- City Market’s new 62,000-squareride commuters and for trail access, foot store and adjacent commercial and a newly aligned Garfield County development is finally done, the Road 107 that provides a straighter Glenwood Springs Post Independent route to residences in the area. The reported. It replaces the roughly former small parking area situated on 40,000-square-foot leased store the hairpin turn that commuters and space in the commercial plaza at the trail users shared is now replaced by southwest corner of Main and 133 two, larger dedicated parking lots on that has served as Carbondale’s main the northwest side of the intersection. grocery store since the 1980s. The old historic trailhead about a
CARBONDALE
The new store is part of the larger land development on the property owned by Crystal River Marketplace, LLC. Besides the grocery store, the development includes the First Bank facility that opened last year, plus new residential units along West Main Street. The new City Market store features an expanded produce department, full-service meat and seafood departments, an expanded deli, a Starbucks outlet, and a drivethrough pharmacy.
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reported. Located in the Crystal River Valley, the Crystal Mill is actually an old powerhouse built in the 1890s to help miners extract resources from the nearby silver mines. The mill, however, is not a protected historic site. It’s privately owned, and as more visitors come each year, the owners are ready to pass on the land’s legacy to someone else.
The Crystal Mill Foundation was created and officially received its nonprofit 501c3 designation June 4 with a goal to raise $10 million in the Group Formed to Save Crystal Mill next year. Five million would go to the purchase of the mill, and the other $5 A group of people from all over million would pay for the installation Colorado are banding together to save of much needed health and safety the Crystal Mill from disrepair, the improvements. Glenwood Springs Post Independent
GLENWOOD SPRINGS
Forest Fund Set Up to Help in Grizzly maintenance efforts. Creek Fire’s Wake The Grizzly Creek Fire began on Aug. The National Forest Foundation (NFF) 10 in and above the Colorado River has established the new White River canyon, and has since grown to more National Forest Restoration Fund than 32,000 acres. Donated funds will where donations can be made to be made available to the White River support restoration efforts on the National Forest and its partners to forest, including the Grizzly Creek implement a variety of projects that Fire burn area in Glenwood Canyon, will be identified to help restore the the Glenwood Springs Independent landscape, including infrastructure reported. The NFF is the U.S. Forest for public access in areas including Service’s congressionally designated the Grizzly and No Name creek trails, partner that can solicit funds to and the Hanging Lake area. support public lands restoration and
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PITKIN COUNTY
Bookings in Aspen/Snowmass lodging for “summer” — the period from May to October — is pacing at Down Due to Covid, Wildfires 24% occupancy, down 47.3%. Noted, Bookings in Aspen were down, however, is that these statistics are but not as much as expected in for commercial lodging and not July, according to a lodging report of owner-occupied housing, nor released in early August, reported privately rented units, which by all by the Aspen Daily News. The accounts is quite high this summer. overall occupancy decrease for July was only 28.1%, despite the impacts Delta Suspends Winter Service to on tourism from the COVID-19 Aspen situation. Loss of group business and events are the main drivers for Delta Air Lines won’t be resuming occupancy loss. its service to Aspen this winter, the Aspen Daily News reported. The Come August, bookings were airline did say it remains committed pacing similarly behind, but after to Aspen and will return at some I-70 closed due to the Grizzly Creek point. Fire and smoke cloaked the valley, tourist numbers dropped. The July The suspension will leave the 31 booking numbers show that Aspen-Pitkin County Airport with
PITKIN COUNTY
two commercial carriers, United and American, for the upcoming ski season. Delta hasn’t flown into or out of Aspen since July 7. The following day, the airline cut its daily ASE-toSalt Lake City route, but there were plans to resume winter service from Atlanta and Los Angeles. APCHA Director Resigns Mike Kosdrosky, director of the Aspen Pitkin County Housing Authority since 2015, announced his resignation in August, the Aspen Daily News reported. His accomplishments during his tenure
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include APCHA’s efforts to digitize its systems and increased efforts to make sure residents are complying with the regulations of the housing program. The resignation came after more than a year of comments from Kosdrosky in public settings calling his role untenable, though he did not give a reason for departure in his resignation letter to the city. The Aspen Times reported that Kosdrosky requested a pay raise to align more closely with that of housing directors in comparable municipalities, but was denied.
PITKIN COUNTY
Home Sells for $31.8 Million
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continues to incrementally increase, the number of private flights has gone through the roof, the Aspen Times reported. Even without events like Food & Wine or Ideas Festival this year, the number of private flights in June compared with June 2019 increased by more than 5%.
A Red Mountain home on Placer Lane sold for $31.8 million in August, making it Pitkin County’s most expensive home sale so far this year, the Aspen Times reported. The transaction also equated to $3,180.55 per foot. The new sevencommercial airline bedroom, 10-bathroom home was Meanwhile, designed by Ro Rockett Design of passenger traffic continues to rise, though July’s numbers are still just oneCalifornia. third of the numbers posted in July 2019. More Private Jets Land at Sardy Field Around 10,000 passengers came and went from Aspen in July, which nearly While the number of commercial triples the number of commercial airline airline passengers flying into Aspen passengers from June.