Today, Erik Cavarra features an article written regarding the Explore Booksellers in Aspen.
Sam and Cheryl Wyly, the second-homeowner couple who in 2007 purchased Aspen’s Explore Booksellers, have listed the Main Street property and business for sale for $6.5 million, according to a local real estate broker.
The Wylys bought the bookstore and the 6,000-square-foot lot it sits on for $4.4 million in March 2007, at a time of great community angst over the potential loss of the treasured business. In January 2006, longtime owner and operator Katherine Thalberg, who opened the bookstore in 1975, passed away, leaving the asset to her daughters, who sold to the Wylys after listing the property and business for $5.2 million.
Real estate broker Karen Setterfield said Monday that she is Explore’s listing agent. While “the value we are selling is in the property,” the hope is to find a buyer who wants to keep the bookstore running, she said.
“Obviously everyone loves the bookstore and the history and the ambiance — it’s a part of Aspen,” Setterfield said. “We’re hoping to find a way for that to continue.”
The front portion of the property dates to the 1890s and is designated historic, so its exterior can’t be demolished. But much of the rest of the building, which has been expanded and altered over the years, could be redeveloped into residential or other commercial.
Read Full Article here: http://www.aspendailynews.com/section/home/162497