Real Estate in the News, January 2020


Aspenites Happy with Life, but Not Economics

The citizens of Aspen are highly satisfied with their quality of life but think the city should do more to provide affordable housing and retail options, according to the annual citizen survey, the Aspen Daily News reported. Five hundred twenty-eight people responded to the questionnaire in 2019, and all but 20 elected to do so electronically, a new option for 2019.

Seventy four percent of respondents work in Aspen, 40 percent earn less than $50,000 annually and 45 percent have lived in Aspen more than 20 years. The income demographics greatly influenced respondents’ perception of Aspen’s quality of life: “38% of residents earning less than $50K are satisfied with the livability of Aspen vs. 68% for those earning $150K or more.”


Phillip Supino Named New CommDev Director

Phillip Supino is the new community development director for the city of Aspen, the Aspen Daily News reported. Supino was one of two internal candidates that made it to the final round in the months-long candidate search, which began when Jessica Garrow announced her departure from the role in July.

Interim Community Development Director Jen Phelan was also a finalist for the position. In total, 34 hopefuls applied for the position. The community development director position oversees Aspen’s land use code and provides policy guidance to city staff and council. The position directs the planning and building departments and will now also add the environmental health and sustainability departments under its leadership umbrella.


Development Thwarted by Homeowners

To avoid a years long legal battle with Aspen homeowners over the development of an awkward piece of property near the Oklahoma Flats Trail, the city of Aspen will pay land owner Peter Fornell $150,000, the Aspen Times reported. Fornell’s neighbors, who live in the Oklahoma Flats area and threatened to sue him if he built a house on the property, also will pay him $150,000. In exchange for $300,000, Fornell will convey the property to the city. A deed restriction will be placed on the parcel preventing any future development. The city’s money will come from the Open Space and Trail’s fund.


Snow Lodge Opens at the Base of Aspen Mountain

The latest tenant of a high-profile location at the base of Aspen Mountain will have a focus on music, food, fashion and art, the Aspen Times reported. The Snow Lodge is located in the former Shlomo’s restaurant space at 501 E. Dean St.

Leading the operation is Jayma Cardoso, the founder and creative director of The Surf Lodge in Montauk, New York. Chef Sean Olowich will serve as the Aspen operation’s culinary director.

The Snow Lodge, which will be open through April, also will partner with Belly Up on the Winter Music Series.

1035 E. Durant Avenue, Aspen
5 beds | 5 baths | 4,110 sqft

Set on the bank of the Roaring Fork River yet conveniently located in town at the end of Durant Ave, this sophisticated townhome offers luxury and serenity to those looking for their Aspen dream home. Remodeled in 2013/17, the 4110 square foot, 4/5-bedroom residence is a blend of mountain chic modernism. From the state-of-the-art kitchen to the glass enclosed wine storage, the open floor plan lends itself well to entertaining and with access to the generous patio overlooking the river, this is indoor/outdoor living at its finest. Special amenities such as a thoughtfully built media room, custom office, elevator, underground garage, and cleverly created hidden storage for everything from ski boots to bicycles, this is the property that will end your search for a haven in Aspen! An easy walk to the gondola, restaurants, shopping, and all that Aspen has to offer.

For more photos and details, click here.

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Snowmass Village

Labor Day Festival Acts Announced

The legendary Stevie Nicks, country star Eric Church, rock group Kings of Leon and singer-songwriter Maren Morris will headline Jazz Aspen Snowmass’ 2020 Labor Day Experience, the Aspen Daily News reported.

All four acts will perform with Jazz Aspen Snowmass — which celebrates 30 years in 2020 — for the first time. JAS Labor Day tickets will no longer be available for sale at the Belly-Up box office. In addition to the 3-day general admission pass and VIP pass, JAS will also be selling the 3-Day Deck Pass, which includes food, private restrooms and bar with complimentary beer, wine and a daily cocktail special.

Snowmass Opens First Pot Shop

Snowmass Village’s first retail marijuana dispensary, High Q, opened its doors to the public in December, the Aspen Times reported. The new High Q — located on the upper level of the Village Mall adjacent to Little Mammoth Steakhouse and the elevator — is the first to go through the town’s relatively new marijuana licensing process, created in March, and was approved by the Local Marijuana Licensing Authority.

Bedrooms: 3 Total Baths: 4 Baths
Country Club Homes
SqFt: 2,592

Newly remodeled corner townhome with high ceilings, gorgeous views and a private setting, is the perfect mix of indoor and outdoor living.

24 Harleston Grn 35, Snowmass Village

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Town Unveils New Logo

The Basalt Chamber of Commerce unveiled a new logo that has two lines that flow together and intersect with the words “Basalt” and “Where Life Flows” above them, the Roaring Fork Weekly Journal reported. The word “Colorado” is located beneath those words in some versions.

The new logo will be used for destination marketing, showcasing Basalt as a place.

Basalt Looks at Growth Opportunities

Officials are thinking about how to plan long-term growth for a town that has 1,745 residential units within its boundaries, according the Aspen Times. The Basalt Planning and Zoning Commission is pondering how many more units to allow and whereas part of an update to a master land-use plan. The Town Council also will soon weigh in. In addition to the existing units, Basalt has 375 residential units approved or planned. Future land-use designations would allow another 53 to 137 dwellings within its boundaries.

Basalt also is looking at the existing, approved but not built and potential units outside its boundaries but within its Three Mile Planning Area — all areas within 3 miles of the town’s boundaries. When those numbers are added to Basalt’s, there are 4,132 existing units, 927 planned or approved but not built, and between 974 and 1,194 possible through zoning and land-use policies.



Plans Approved for Intersection

The last undeveloped lot at the intersection of Main Street and Highway 133 is under new ownership with a new development in mind, the Sopris Sun reported. Carbondale Trustees approved Sopris Lofts, LLC’s major site plan for a building with 27 residential rentals, some ground-level commercial and a public plaza, playground and trail connections. The unanimous decision followed staff suggestions and the recommendation of the Planning Commission.

Downtown Restaurants Shift Visions

Eclectic locavore lunch spot The Beat will shift to a dinner-only restaurant for the winter, serving dinner and drinks from 5-9 p.m. Tuesday through Sunday. And The Landmark Cafe has sprung from the ashes of The Way Home and will operate as a cafe, open daily until 2 p.m. for more informal dining options.

Glenwood Springs

Glenwood Wants Hikers to Visit Downtown

Between May 1 and Oct. 31, 2019, over 75,000 people hiked to Hanging Lake, the Aspen Times reported. The city of Glenwood Springs would like those same hikers to visit the historic downtown area before or after their visit to the natural national landmark.

The city may look to incorporate signage at the Hanging Lake Welcome Center that points people in the direction of the historic downtown area, where they are transported from in a shuttle. Currently, little to no signage at or around the Hanging Lake Welcome Center directs visitors to myriad eating and drinking establishments and other businesses in the downtown area, just a short distance away.

Hospitality Edging Out Retail in Sales Tax

Restaurants and bars in Glenwood Springs are on the verge of overtaking the retail category that includes big-box stores as the biggest sales tax generator in the city, the Glenwood Springs Post Independent reported. According to the city’s October 2019 sales tax report released, the Eating/Drinking Places category was running just $72,665 behind General Merchandise Stores through 10 months of the year in terms of sales taxes. Both categories typically generate over $2.5 million in sales taxes for the city each year. That represents about $70 million each in overall sales activity, based on Glenwood’s sales tax rate of 3.7%.

224 Vine Street, Aspen

Total SqFt: 595 | Bedrooms: 1 | Baths – Full: 1 | $589,000

Quiet, serene setting overlooking the woods and river of the Hunter Creek valley dominate your large plate glass window and slider.

Never remodeled before, one can live in as is, or remodel the unit to your taste. Wood stove and private deck with storage closet are included. ‘

Amenities at this complex including pool, Jacuzzi, tennis courts, spacious grounds, and built-in BBQ’s. Walk is 7 minutes to Aspen core.


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Pitkin County

visitors rode the Roaring Fork Transit Authority’s Maroon Bells shuttle last summer and fall, the Aspen Daily News reported. While this is a slight decrease from the 2018 season, visitation last fall set a new record for visitors per day.

Shuttle service was delayed one week in June because of substantial avalanche debris on Maroon Creek Road. Weather, trail and road conditions are believed to have contributed to the slight decline in visitation at the Maroon Bells during the summer. Visitation increased this past September and October to an average of over 1,150 per day.

County Approves 12 Weeks of Family Leave

A majority of commissioners decided to give new mothers and fathers 12 weeks of paid leave from their jobs, at full pay, to care for their infants, the Aspen Daily News reported. The federal Family and Medical Leave Act, passed in 1993, requires employers with 50 or more workers to offer employees who have worked 1,250 hours in the previous year up to 12 weeks of unpaid leave to care for a family member or new child.

More Open Space Acquired on Back of Aspen Mountain

A little-visited open space park on the backside of Aspen Mountain will get a big boost after Pitkin County’s approval to purchase a nearby mining claim, the Aspen Times reported. The county will spend $1.25 million to acquire the Cora May lodes 1 and 2, a 20.66-acre parcel.

The purchase extinguishes the development rights of a house in excess of 8,000 square feet.

The Cora May also has a trail dating to Aspen’s mining era that runs about a half-mile to the existing Stirling Cooper Open Space. The Stirling Cooper Open Space is a delightful piece of ground on the hillside east of Castle Creek Road. The current access to the 54-acre property is via an incredibly steep trail located at a lower switchback on Little Annie Road. The open space gets little use because the access is a tough climb and knee-popping descent.

Airport Renovation Eases Congestion

The Aspen airport has completed a $2 million project that significantly expands the space for passengers waiting to fly out, the Aspen Times reported. Airport officials eliminated their own administrative offices in favor of adding approximately 1,300 square feet to the departure lounge area. The result is a large new gate waiting area on the east side of the terminal outside the restaurant space that features 70 more seats.

In addition, officials moved the gift shop from in front of the restaurant area to the corner of the restaurant space, opening up the area just to the east of the Transportation Safety Administration checkpoint and making the eating area more accessible. They also added more waiting area seats in that space for a total of 109 new seats in the departure lounge.


221 Wrights Road, Aspen – $3,900,000

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