Boulder’s GoLite to set up shop in downtown Aspen
October 2, 2013
A Boulder company has decided that two spaces are better than one with regard to opening a business in Aspen this fall.
GoLite, which sells men's and women's outdoor gear and clothing, plans to open in the Cooper Avenue pedestrian mall sometime in November, according to Aspen commercial real estate broker Karen Setterfield, of Setterfield and Bright. The company will take up the space recently vacated by Aspen Candy Co. as well as adjacent space that temporarily houses E.S. Lawrence Gallery.
Both spots total 2,400 square feet at 414 E. Cooper Ave., which is part of the Red Onion Condominium Building owned by Andrew Hecht and partners, said Setterfield, who represented GoLite in the transaction. The building owner is seeking the city of Aspen's permission to tear down a wall that divides the two spaces.
The arrival of GoLite and the relocation of women's skiwear seller Stefan Kaelin to 416 E. Cooper Ave. next door promises to boost retail activity in the area between the Red Onion restaurant in the middle of the mall and Aspen Sports on the west corner, Setterfield pointed out. Stefan Kaelin recently closed its doors at the North of Nell building to take the larger space in the pedestrian mall. A build-out of the new space is underway.
GoLite has eight stores in Colorado and nine in other states. Setterfield said the company's decision was a fast one.
"They came; they saw; they leased," she quipped.
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The company took a long-term lease at a rate close to the listing price of $75 per square foot, she added.
GoLite was founded in 1998 by Kim and Demetri Coupounas, avid hikers who wanted to specialize in lightweight gear and clothing that are easier to carry at high elevations.