Mark Hunt buys Red Onion building for $18 million | AspenTimes.com
YOUR AD HERE »

Mark Hunt buys Red Onion building for $18 million

Developer Mark Hunt has closed on his purchase of the Red Onion building on Aspen’s East Cooper Avenue pedestrian mall.

Hunt, through his newly formed 414-422 East Cooper Avenue LLC, bought the building for $18 million, according to the Pitkin County Clerk and Recorder’s Office.

Public records also show Hunt’s LLC borrowed $13 million from Jefferies LoanCore to fund the purchase.

Hunt didn’t return a phone message Monday seeking comment about the acquisition.

Last month, the bullish developer told The Aspen Times he had the building under contract. The Red Onion structure, which has multiple addresses on Cooper Avenue, includes the namesake bar and restaurant, a yoga studio, a ski-apparel shop, apartment units and office space.

The properties comprise eight LLCs that are controlled by such Aspen figures as attorneys Ron Garfield and Andrew Hecht, as well as his son Nikos, and Steven Hansen. The building sits on 9,000 square feet of land.

The part of the Red Onion building occupied by the Aspen Shakti Shala yoga studio allows for the construction of a penthouse on top of it.

Hunt also has the Casa Tua building and the one next to it, both on the 400 block of East Cooper Ave., under contract for purchase. He also owns the nearby Bidwell Building, which he plans to raze and replace.

rcarroll@aspentimes.com


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