Snowmass Village, Colorado: Sunrise Co., Oaktree Capital sign letter of intent to build 44 fractional units The Base Village project at the base of the Snowmass Ski Area took a significant step forward from its post-recession gridlock Thursday with the announcement that Sunrise Co. and Oaktree Capital Management had signed a letter of intent with Related Cos. to develop 44 residential units in Continue Reading
Archives for August 2014
SkiCo’s renewed interest in Snowmass hotel includes $100 million investment
New Limelight contingent on four-year extension of vested rights Aspen Skiing Co. is prepared to invest $100 million in the development of a Limelight hotel for Snowmass Village after signing a purchase and sale agreement last week with Related Colorado. According to SkiCo CEO Mike Kaplan, more certainty about specific improvements tied to the Base Village project weren’t the only reasons Continue Reading
Lull in real estate sales pinching Snowmass’ coffers
Snowmass Village, Colorado: Village financiers to look at alternate sources of revenue Weaker than expected real estate sales in Snowmass Village this year have the town government looking for other ways to bolster its transfer tax fund, which is burdened by demands from recreation to roads, and landscaping to capital equipment purchases. As budget season approaches, hard choices will Continue Reading
Erik Cavarra Closes Home on Fairway Drive:
Snowmass Village, Colorado: Erik Cavarra has just closed a home located on Fairway Drive in Snowmass Village. The home was only on the market for (2) days when Erik's clients placed the home Under Contract. Property Type: RES w/Improvments N/A Address: 500 Fairway Drive Snowmass Village, CO 81615 Status:Closed Asking Price:$1,995,000 List Continue Reading
Aspen Skiing Co. agrees to build hotel in Snowmass Base Village
The Aspen Skiing Co. agreed Monday to purchase a lot in Snowmass Base Village, where it will build a Limelight hotel similar to the one it owns in Aspen. Related Cos., which currently owns the stalled development at Snowmass’ base through a subsidiary, will represent Skico in the review process for the new hotel. The proposed changes to the current approvals for the lot will be included with an Continue Reading
Aspen is losing market share, speaker says at real estate event
Amid what many are calling the busiest summer in Aspen’s history, the keynote speaker of an annual real estate gathering on Thursday warned that the city is actually losing visitor market share to other resorts. Mark Harmon, founder and managing partner of Auberge Resorts, which owns and operates the Hotel Jerome, attributed most of that loss to the difficulty and expense travelers face just Continue Reading
Aspen Skiing back in talks about Snowmass Base Village property
Aspen Skiing Co. is once again in talks with Related Colorado about purchasing a lot in Snowmass Base Village. That’s what Don Schuster, Skico vice president of hospitality, told the Snowmass Village Planning Commission at its meeting Wednesday. The board was reviewing Related’s application to extend its vested development rights in Base Village, which are set to expire Nov. 3. Schuster said Continue Reading
Take John Denver’s Home, Country Roads, for $10.75M
One look at John Denver's longtime home in Aspen, Colorado, and you could pretty easily guess what he did for a living, even if you didn't know he was the legendary American country singer responsible for ditties like "Thank God I'm a Country Boy" and "Take Me Home, Country Roads," and a few very memorable Muppet Show guest appearances, besides. The 6,000-square-foot Rocky Mountain climb Continue Reading
