Limelite proposes 128 lodge rooms, 17 free-market condominiums
Owners of Aspen’s venerable Limelite Lodge have proposed razing their collection of buildings at Monarch Street and Cooper Avenue and rebuilding a new, 128-room lodge and 17 free-market residences.The Paas family, now in its fourth generation of lodge operators, announced their redevelopment intentions last month; the formal conceptual plan was submitted to the city late Monday afternoon.The proposal retains the mid-priced lodging for which the Limelite is known without resorting to the sale of fractional interests or timeshares to finance the project. Instead, 17 free-market condos are proposed on the Limelite/Deep Powder parcel south of East Cooper Avenue.
On the north property, where the main Limelite building and Snowflake Inn currently sit, the family is proposing the new lodge of about 128 units plus a penthouse condo for the Paas family, to be rented with the other lodge units when they’re not using it.Both buildings would top out at four stories and 48 feet, according to the proposal. The lodge building would encompass about 90,000 square feet of above-grade space; the residential building would boast about 60,000 square feet of above-grade development. The free-market condos include a total of 59 bedrooms.The lodge rooms average 500 square feet – a size the city feels will entice short-term rental of the units.
The plans call for underground parking and propose no employee housing. The more efficient, new lodge will require fewer employees to operate, according to the Limelite conceptual application. The free-market condos will be managed by the lodging staff.Providing on-site worker housing would only reduce the number of lodge rooms the Limelite is able to provide, the application notes.The Paas family acquired the Snowflake Inn in January for $8.2 million bringing the total number of lodge rooms in their existing collection of buildings, including the Limelite and Deep Powder, to 110.
The buildings are aging, though, and it’s time to replace them with new units, according to Paas.The family is committed to remaining in the lodge business, though, and continuing to offer mid-priced rooms to visitors, he said.Janet Urquhart’s e-mail address is firstname.lastname@example.org
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