Romero to lead Base Village development for Related WestPac
September 3, 2008
SNOWMASS VILLAGE ” Aspen City Councilman Dwayne Romero will lead the development of Base Village in Snowmass as the new chief operating officer of Related WestPac.
Starting Sept. 15, Romero will be responsible for day-to-day general management of Related WestPac’s business operations. He also will implement the company’s strategic vision at its developments in Snowmass Village, including the mall and Snowmass Center.
Romero, who will be based in Snowmass Village, will report directly to Related WestPac President Pat Smith and Related Companies Vice Chairman Ken Wong.
“It is a rare opportunity to be able to join a world-class company working on one of the most ambitious and exciting development projects in the nation, and it’s a dream come true when that opportunity is located here at home in the Roaring Fork Valley,” Romero said. “I hope to make some positive and lasting impact.”
Romero said a recruiting firm based in New York representing Related WestPac approached him in June. Romero said the deal was finalized Monday. The company announced Romero’s hiring on Tuesday.
“We conducted a national search to find the right candidate with the experience, personality and passion to help write the next chapter for Snowmass, and we are thrilled to have found him right here in the Roaring Fork Valley,” Smith said.
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Romero said his hiring is a rounding out of the executive team at Related WestPac, and is an acknowledgment of the massive workload associated with the development projects in Snowmass and elsewhere in the Roaring Fork Valley.
Romero has 15 years of experience with high-end, resort-oriented real estate. He moved to Aspen in 1997 to manage base village development at Aspen Highlands for Hines. Most recently, he served as managing partner and co-founder of Steeplechase Development Partners, an Aspen-based project management and development firm building The Residences at Little Nell.
Romero said he will divest his ownership stake in Steeplechase, which was born out of the development of Obermeyer Place. Romero said he and his current business partner, Jack Donovan, worked for Klaus Obermeyer, then broke away and formed Steeplechase. They helped develop the multi-use development in downtown Aspen on a contract basis.
Romero has established an exit plan with Donovan to ensure the company’s success.
“My loyalties and relationship with my team were the biggest hurdles to get through,” he said of his decision.
Prior to his real estate career, Romero served in the U.S. Army, both stateside as a planning and operations officer for the Corps of Engineers, and in a leadership role during combat in the Persian Gulf War.
A graduate of West Point and Harvard Business School, Romero serves on the board of directors of the Aspen Fire Protection District, and he is a past president of Roaring Fork Leadership. In 2005, Romero was the recipient of the Roaring Fork Leadership Alumni Leadership Award.
Romero and his wife, Margaret, a schoolteacher, live in Aspen with their three daughters, Perry, Grace and Abigail.