Hotel Jerome offers residences in mixed-use Mill building
August 3, 2016
Following in the footsteps of Aspen's other luxury hotels like The Little Nell and the St. Regis, the historic Hotel Jerome has launched its first-ever residence program.
The California-based hospitality company that manages the Hotel Jerome, Auberge Resorts Collection, has partnered with the Aspen development firm Rudin West to offer four residential units at the Mill building.
Located directly behind the iconic hotel at 201 N. Mill Street, the Mill building is multipurpose establishment in the city of Aspen's mixed-use zone.
In addition to the four free-market residential units — whereby owners may receive all of the services and amenities that Hotel Jerome offers to its guests — the five-story Mill building also has four employee housing units and approximately 10,000 square feet of commercial space.
All eight residences are three bedroom units.
The four 1,200-square-feet employee-housing units and commercial spaces are located throughout floors one, two and three, while the four 2,000-square-feet free-market residential units are split between the fourth and fifth floors.
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Due to Mill Street's downward slope, the Mill building's main entrance at street-level is considered the third floor.
One of the free-market units has sold and all four of the employee-housing units have sold, according to Michael Rudin of Rudin West.
Rudin said about 800 square feet of commercial space is available for purchase.
The development team will host a private broker and media open house of the Mill building this evening.