Aspen’s Crystal Palace sold
Aspen, CO Colorado
ASPEN ” The sale of the historic Crystal Palace in Aspen finally is a done deal.
After months of negotiations, Michigan businessman Linden Nelson on Wednesday officially closed on the purchase of the building, located at 300 E. Hyman Ave. The sale price was $8.9 million, according to the Pitkin County Assessor’s Office.
Nelson owns the Paragon building on Hyman Avenue and the Grand Finale building at 312 E. Hyman Ave., which is next to the Crystal Palace and was sold by Mead Metcalf last year for $4 million.
The plans for at least the next year is to keep the Crystal Palace ” which was a dinner theater for more than five decades ” open as a restaurant only. It will be operated as Crystal Palace Grille and run by the dinner theater’s chef, Brad Smith.
Metcalf put the Crystal Palace building up for sale last year. Snowmass Base Village developer Pat Smith once had plans to buy it, but the deal fell through last year.
Metcalf founded the Palace in 1955. He closed the dinner theater, which had been in the same location since 1960, on April 12.
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A recent survey of Aspen residents shows that people are happy here, feel safe but are financially insecure.