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Altitude Report: Changes to Aspen's Landscape Halted

Thursday, March 24th, 2016 at 6:35pm Engel & Völkers Aspen • Roaring Fork

 

Aspen City Council Passes Emergency Ban on All New Commercial Land Use Applications

 
The Aspen City Council is at it again with emergency measures to halt new commercial development in Aspen.  Unlike in 2012 when their attempt at an emergency ordinance to bring building height limits down to 28' in the downtown core failed (and subsequently passed through normal legislative processes allowing a rush of new applications before the new law went into effect), the Council unanimously passed an ordinance preventing any new commercial land use applications for new developments or expansions (lodging districts are exempt). 

The cited impetus for the moratorium is to give city leaders adequate time to revamp the land-use code to match the Aspen Area Community Plan.  "Downtown Aspen will become more out of step with the community plan — a summarization of residents’ vision for small-town character, among other components — if the trend persists," said Councilman Art Daily.  Part of the ordinance states, "Recent development activity has resulted in basement and first floor commercial spaces being left vacant due to free-market residential uses/owners above thereby creating large areas of dead space in the commercial zones that degrade the city’s commercial vitality.”

One commercial developer, Mark Hunt, was able to submit a land use application between Monday evening's first read of the ordinance and Tuesday evening's second read.  He plans to build a commercial building to replace the Conoco station across from Carl's Pharmacy

The moratorium would be lifted Feb. 28, 2017. But council members expressed a sense of urgency to get it off the books well ahead of the expiration date.
 

 

Aspen's Fractional Inventory Set to Soar

After a long hiatus during the economic downturn, Aspen is slated to have several new or expanded fractional opportunities coming online in the next few years.  This is all in addition to the existing offerings at the Ritz Carlton Highlands, Hyatt at the base of Ajax, and resell opportunities at the St. Regis and Residences at the Little Nell.

New products include the boutique Dancing Bear (2016), the Aspen Club Townhomes (2017), The W Hotel (2018), Lift One Lodge (2018), and the Gorsuch Haus Lift 1A (2019).  Contact us to learn more about how each project offers a different product for the part time resident interested in owning a slice of Aspen.

 

The Gorsuch Haus @ Lift 1A Submits Plans

Plans were just submitted for a proposed 81-key hotel on the Lift 1A side of Aspen Mountain spanning about 68,000 square feet, in buildings from two to four stories that step up the hill providing ski-in/ ski-out access.  Subgrade space for parking, back-of-house services, meeting rooms and a spa totals another 60,000 square feet.  The plans include 60 hotel rooms and seven condos that can be broken into 21 additional units. Additionally, there are 6 free market residences and one employee housing unit. The owners acknowledged at least 2 years until ground breaking of this $100M project. 

 

 E&V Aspen Team Continues to Grow

The Aspen shop of Engel & Völkers continues to expand!  Since launching just 3 short months ago, we have added the Carol Dopkin team, including Tanja Kelly and Edward Sanditen, as well as Rose Ann Leiner, Ashley Gidley and Jim Polep.  

Carol brings with her decades of experience selling properties in the Roaring Fork as the "Realtor with Horse Sense."  Having grown up in Aspen, Ashley knows the market inside and out, while Rose Ann can advise on luxury resort properties here and elsewhere around the globe.  You may know Jim for his design eye as long time owner of the furniture & design store Montecito. 

 

Three Aspen Advisors Inducted to Private Office

We are very proud to announce that three of our Aspen Real Estate Advisors were inducted into Engel & Volkers Private Office this month during the North American conference in Dallas this month.  Erik Berg, Carol Dopkin and Harrison Sachs are three of the 70 Advisors holding this prestigious designation out of the 7,000+ Advisors globally.  

Advisors are selected based on their consistent, year-after-year top production numbers, market expertise, notably high quality service and passion as real estate professionals.  Read more here.

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