What’s the Big Deal: Gorsuch Haus property flips times 7 for $76.25M

News News |

What’s the Big Deal runs Mondays and is based on the prior week’s most expensive property transaction recorded in the Pitkin County Clerk & Recorder’s Office.

**The blue line shows the perimeter of the nearly 1 acre of land at the base of Aspen Mountain acquired last week for $76.25 million.**
*Pitkin County Assessor’s Office*

Price: $76.25 million

Date recorded: March 4

Buyer: Aspen City Holdings, formed by OKO Group in Miami

Seller: Norway Island LLC

Address: Summit Street and South Aspen Street

Neighborhood: Lift One base

Subdivision: Gorsuch Haus PD SUB

Property type: Commercial

Total heated area: Vacant

Lot size: 41,268 square feet, 0.95 acre

Assessor’s office actual value: $6,000

Assessor’s office assessed value: $1,740

Property tax bill: $61.76

Source: Assessor’s Office and Clerk & Recorder’s Office, Pitkin County

Worth noting: Property comes with entitlements to build hotel. The seller was Norway Island LLC — a partnership including Jim DeFrancia of Lowe’s Development, Jeff Gorsuch and Bryan Peterson — which acquired the same piece of land for $10 million from Aspen Skiing Co. in July. The buyer is part of real estate development firm founded and headed by Russian-born billionaire Vladislav Doronin.

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.

Business