Basalt, Colorado:
A developer looking at prime ground in Basalt outlined a conceptual plan Thursday that features a boutique hotel with about 60 rooms.
James DeFrancia, president of Lowe Enterprises, said no specific plan has been prepared yet for 2.6 acres of the former Pan and Fork Mobile Home Park near downtown Basalt, so the proposal could change. In addition to the small hotel, Lowe Enterprises is considering 12 hotel residences that would be two- or three-bedroom condominiums that would be targeted to second-home owners. The residences would be affiliated with the hotel and likely placed in the rental pool when the owners aren’t there, he said.
A third component of the plan is 46 to 54 housing units designed for permanent residents. They would be a combination of one, two and three bedrooms, DeFrancia said.
As envisioned now, the project would be 150,000 square feet separated into an undetermined number of buildings. The south side of the property — closest to the intersection of Two Rivers Road and Midland Avenue — would be left open to provide access to a park the town of Basalt is developing along the Roaring Fork River. In addition, the buildings in the development would have walkways to the park, DeFrancia said.
He and Skip Behrhorst, a partner in Lowe Enterprises, outlined the plan for the Downtown Area Advisory Committee — a group of residents appointed by the Town Council to make recommendations on how to revitalize Basalt’s core.
“This place leaps out at you immediately as the best place for a hotel. Water is always an attraction — anywhere.”
James DeFrancia, Lowe Enterprises
For more information, please visit the full Article http://www.aspentimes.com/news/13893928-113/hotel-defrancia-lowe-enterprises by Scott Condon.
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