Business Monday briefs
• The city of Aspen’s real estate transfer tax collections in January paced well ahead of the first month of the same month in 2017.
Both the city’s housing and Wheeler Opera House were up 64 percent and 62 percent, respectively.
The housing portion of the tax drew $882,763 last month, more than double the $440,000 budgeted by the city Finance Department. The Wheeler coffer registered $461,161, also more than double than the Finance Department’s $185,000 projection.
The Finance Department provided the stats in last week’s sales tax report.
• That same report revealed the city’s 1.5 percent lodging tax generated $2.8 million last year, up 5 percent over the $2.6 million collected in 2016. Last year’s most lucrative month was December, during which time the city made $451,417 in lodging tax revenue. Next was March, which accounted for $404,147 in collections. May was the slowest month, with $36,245 in tax revenue.
• A combined 27 residences are either sold or under contract at the Viceroy Residences in Snowmass Village, according to a company statement.
The properties were reintroduced to the market in mid-December, chiefly because of the $600 million alliance of East West Partners, Aspen Skiing Co. and KSL Capital Partners on the Base Village project.
The units come in studios, one-, two- and three-bedroom residences, as well as three-bedroom penthouses.
Additionally, four of the 11 condominiums at the Limelight Residences Snowmass, mostly located on the top floor of the 99-room Limelight Hotel Snowmass, are under contract since launching sales in mid-January.
Construction of the Limelight Hotel Snowmass is scheduled to be finished in November.
• The vacant Paragon Building in the Hyman Avenue pedestrian mall will be filled this week by the pop-up retailer and art gallery BLK MKT. Broker Karen Setterfield said BLK MKT, which has done pop-ups in Aspen the past two years, has signed a one-month lease for the property.
• The Engel & Volkers real estate firm will hold ribbon-cuttings this month for the launch of its two newest offices in the Roaring Fork Valley. A celebration will be held at 4 p.m. Feb. 27 at its Roaring Fork Office, 206 E. Cody Lane, Basalt, where company CEO Sven Odia will be in attendance. Starting at 5:30 p.m. the same day, a party will be held at the Aspen office, 616 E. Hyman Ave., to celebrate the opening of the company’s Snowmass office.
Have a business announcement or tip? Email business editor Rick Carroll at email@example.com or call him direct at 970-429-9141.
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An unwelcome but familiar weather pattern in the Aspen-area mountains has created conditions that are once again ripe for avalanches. The early, ample snow in October was followed by dry periods. That resulted in a poor foundation for the snowpack. Steep slopes on north to east aspects pose the greatest threat.