What’s the Big Deal: Centennial apartments complex sells for $50 million
“What’s the Big Deal?” runs Mondays and is based on the week’s most expensive property transaction recorded in the Pitkin County Clerk and Recorder’s Office.
Price: $50.5 million
Date recorded: March 27
Address: 100 Luke Short Court
Neighborhood: East side of Aspen near base of Smuggler
Buyer: New Centennial LLC
Seller: Centennial-Aspen II LP
Property type: 148-unit rental apartment complex
Year built: 1980s
Worth noting: The complex is effectively rent-controlled through deed restrictions and is home to more than 300 local residents. Read the full story about the sale and purchase of Centennial here.