Developer ready to unveil hotel proposal for Basalt Town Council |

Developer ready to unveil hotel proposal for Basalt Town Council

Lowe Enterprises is working on a plan for a 60-room boutique hotel with 12 adjoining luxury condos and another 40 condos targeting full-time residents on this site near downtown Basalt. The project would be located along Two Rivers Road, between Midland Avenue and the Rocky Mountain Institute office under construction in the background.
Scott Condon/The Aspen Times |

Basaltines finally will get to engage in a long-anticipated discussion about development on the former Pan and Fork Mobile Home Park site and how a proposed hotel fits the vision.

Lowe Enterprises, a resort developer with extensive experience in Aspen and Snowmass Village, will unveil its plan for 52 condominium units and a 60-room boutique hotel at the Basalt Town Council meeting today. The hotel discussion is scheduled to begin around 6:45 p.m.

Lowe Enterprises President James DeFrancia of Aspen has been upfront about the general plan, but more specifics are expected to be unveiled for the council. The council won’t vote on the project. It’s an informal setting designed to provide information. The council is scheduled to give feedback April 14.

The public will be allowed to speak at today’s meeting if time allows, but it’s not a public hearing, according to a memo to the council from Town Manager Mike Scanlon and Town Planner Susan Philp. A public open house will be held Thursday from 4:30 to 6:30 p.m., giving interested members of the public a chance to weigh in.

The conceptual proposal is to build the project over three to five years.

Lowe Enterprises’ site plan and development plan will be posted at after today’s meeting, according to the town staff memo.

A memo from DeFrancia to the town said Lowe is proposing to build 40 residential condominiums. He previously said those would be aimed at year-round residents.

Lowe also wants to build a 60-room hotel with 12 adjoining luxury condos that would have service from the hotel.

“A restaurant is also planned in the hotel, opening on to the eastern side of the site, together with moderate meeting, function and gathering spaces in the hotel,” DeFrancia’s memo to the town government said.

The conceptual proposal is to build the project over three to five years, according to DeFrancia. Lowe hired Cottle Carr Yaw Architects to work on the site plan.

The former Pan and Fork site is just west of downtown. It is between the intersection of Two Rivers Road and Midland Avenue and the construction site where Rocky Mountain Institute’s new office and innovation center is being constructed.

Half of that site is owned by the town government and is being converted into a park along the Roaring Fork River. The developable portion of the 5-acre site is owned by the nonprofit Roaring Fork Community Development Corp. Lowe Enterprises has a contract with the nonprofit.

The development firm said its proposal would keep about one-third of the site as open space. The eastern side of the property, closest to the intersection, will serve as additional park and public space.

“The buildings are dispersed in a fashion that creates open, welcoming access from Two Rivers Road to the park itself, and allows views from the street between the buildings to the park and the river,” DeFrancia’s email said.

Basalt has been engaged in a community-planning effort for nearly a year. The “Our Town” planning effort was designed to give developers and landowners an idea of what residents want to see happen on key downtown parcels, including the former Pan and Fork site.

After hundreds of Basalt residents and interested observers offered their opinions in the process, a residents’ committee was appointed by the council to refine ideas further. The Downtown Area Advisory Committee submitted a plan to the council in January.

Lowe Enterprises contends its plan closely matches the goals of the advisory committee.

Support Local Journalism

Support Local Journalism

Readers around Aspen and Snowmass Village make the Aspen Times’ work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Each donation will be used exclusively for the development and creation of increased news coverage.

For tax deductible donations, click here.

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User