Aspen condo sales ensure no hotel at Lift 1A site
September 17, 2014
Reservations for free-market condominiums planned at a prime location on South Aspen Street near Lift 1A are looking solid, as eight of the 14 units have been claimed, which essentially eliminates any hope for a hotel component at the property.
For more than a decade, myriad plans have been floated for the three parcels of land near Lift 1A. In 2007, the area was included in the controversial Lodge at Aspen Mountain proposal, which went through numerous public reviews before it was scuttled.
In November, the Aspen City Council gave ASV Aspen Street Owners LLC — represented by David Parker, of Bald Mountain Development — approval to build 14 free-market units and 17 affordable-housing units. Both Mayor Steve Skadron and dissenting voter Councilwoman Ann Mullins expressed disappointment, with Skadron saying it was difficult to support the project because it was the "least worst project available."
In an interview Tuesday, Councilman Adam Frisch said he figured the townhomes were a done deal, and mathematically, it's been that way for a number of years. However, the eastern neighbor to the site still has hope for a lodging component, he said.
Parker, who could not be reached for comment for this story, said in November, "Is it the best possible plan? I don't know, but it's a damn good one."
Aspen Snowmass Sotheby's Realtor Maureen Stapleton confirmed the eight reservations at the property dubbed One Aspen on Tuesday, saying she anticipates contracts within the next 30 days. The 14 free-market units, priced between $8.5 million and $16.2 million, range in size from 4,300 square feet to 6,000 square feet. The builder is Avon-based R.A. Nelson, a company credited with constructing the Owl Creek Homes at Snowmass Village. That project, which Stapleton described as successful and timeless, saw 31 townhomes built in the late 1990s and early 2000s.
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"You can go there today, and they look — they're great," she said. "They're in great condition, great construction, and the finish work was beautiful."
She called the South Aspen Street site a great location, evidenced by its views and proximity to Aspen Mountain and downtown Aspen.
"The more time I spend over there, it's just amazing. The views are beautiful. The sunlight's great," she said. "And I think there's going to be some very happy employee-housing owners over there, too."