Real Estate In The News, October 2019

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Aspen


 

Aspen Single Family Home Real Estate Market 3rd Quarter, 2019

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Three Affordable Housing Projects Receive Public Feedback
Aspen City Council gave the thumbs up to move ahead on three proposed affordable housing projects after hearing a summary of months of public feedback, the Aspen Daily News reported. During nearly 50 outreach sessions, the city met with about 800 people to gather public sentiment about the final build out of Burlingame, a new development where the lumberyard is located at the Aspen Airport Business Center, and additional units built at Water Place specifically for city staff.
The final phase of Burlingame is the closest to completion, and general sentiment is that the city is on the right track. Modular construction is also being suggested for the new units at Water Place, near Aspen’s water treatment facility and Aspen Valley Hospital. At the Lumberyard, the city has been thinking vaguely about using the place for smaller units for rentals or families that are downsizing, but public feedback has pointed to a desire to a more diverse mix than that, including larger units and ownership opportunities.

Aspen Shared Ownership Real Estate Market 3rd Quarter, 2019

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ACRA Maintains Identity as City Tenant
As the city of Aspen plots out the location of each department within the under-construction Rio Grande building and the to-be-renovated armory, it is also holding space for Aspen Chamber Resort Association offices, the Aspen Daily News reported. As of now, council chambers will move to the new Galena Plaza building and the ACRA offices will take over the ground level of the armory, along with a visitor’s center.
Both organizations want to maintain separate identities even while housed under the same roof. The gray area between the city and the nonprofit membership organization is one that was created decades ago, when ACRA first moved into a city-owned space and began running the visitor information locations in town. ACRA is currently located in the city-owned powerhouse building near Rio Grande Park, and before that was located in city-owned offices next to the Rio Grande Parking garage.Since 2000, ACRA has also received a portion of the local lodging tax to use for marketing Aspen to tourists.

Aspen Condomininiums, Townhomes, Duplexes, Real Estate Market 3rd Quarter, 2019

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Wheeler Opera House Expansion Is Unfeasible
A study commissioned by the city of Aspen to analyze a potential expansion of its Wheeler Opera House concluded that new construction would be too costly and interfere too much with current programming, the Aspen Daily News reported. After four months of research, the study revealed that a flexible, multiuse, 150-200 seat venue would be a welcome addition to the Aspen community, but not on the adjacent Wheeler parcel. The cost to expand the facility would be an expensive undertaking, on top of an anticipated $20 million bill over the next 20 years for upgrades and maintenance to the current facility.

 

 

Woody Creek Single Family Home Real Estate Market 3rd Quarter, 2019

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Jazz Center Get the Go-Ahead
Jazz Aspen Snowmass got the thumbs up from Aspen City Council to create a jazz center downtown, the Aspen Times reported. JAS purchased the space, located at 416, 420 and 422 E. Cooper Ave. from Mark Hunt for $15 million. The buildings will connect to the corner structure, another building owned by Mark Hunt, which will eventually be occupied by Restoration Hardware. There will be a shared corridor between 434 and 422 E. Cooper. That building will serve as the entrance to the JAS Center, which will lead to a second-floor lobby and photo gallery.
The JAS Center’s main venue area and stage will be in the building located 416 E. Cooper Ave., which currently houses a retail store on the mall level and office on the second floor.
The center will utilize the building’s second floor outdoor terrace that will be open so that people on the mall can enjoy the sounds from above. Also in the 9,000-square-foot space is a green room, wine locker, catering kitchen and hangout areas.


Snowmass


Snowmass Village Single Family Home Real Estate Market 3rd Quarter, 2019

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More Development on Track for this Winter
This winter season, three buildings are set to open in Snowmass Base Village: The Collective and the two One Snowmass buildings, otherwise known as buildings 6 through 8, the Aspen Times reported. The Collective is set to open in early December. The new building will house a bar and restaurant run by Martin Oswald, the longtime local chef who heads the Pyramid Bistro in Aspen. There also will be a “flex space” for people to gather and an interactive, experiential art center and game lounge.

Snowmass Shared Ownership Real Estate Market 3rd Quarter, 2019

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In the One Snowmass buildings there will be a new arrival center adjacent to the current Base Village transit center, an eyewear store, and a dynamic art gallery run by local artist Kelly Peters in the West building; and an Aspen JUS location, a yoga studio run by local yogi Aaron King and the new 6,000-square-foot medical clinic in the East building.

An Aspen Mountain Master Plan looking 10 years out was approved by Pitkin County Commissioners, the Aspen Times reported. That includes rebuilding Buckhorn Cabin, relocating and rebuilding the ski patrol shack atop Aspen Mountain, increasing the number of nighttime events at the Sundeck from 75 to 110, and possibly opening Ruthie’s Restaurant during the day.

 

Snowmass Village Condomininiums, Townhomes, Duplexes, Real Estate Market 3rd Quarter, 2019

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Buckhorn Cabin also will be torn down and rebuilt. After initially placing the new building close to the ridge where the current cabin sits, Skico moved it back from the edge based on commissioner suggestions. The new cabin will be 1,000 square feet and feature bathrooms and a large deck. Ruthie’s Restaurant, which closed about a decade ago, will be allowed to be renovated and can open during the day for food service. Skico can open Ruthie’s for nighttime food service as well, though officials will have to come back to the county board with a nighttime plan that must be approved by commissioners.

The 167-acre expansion of the Pandora’s area off Gentleman’s Ridge lift will be reviewed in a separate application after it was initially table by the BOCC earlier this year.

Old Snowmass Single Family Home Real Estate Market 3rd Quarter, 2019

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Sales Tax Rose Again in July
The town of Snowmass Village released its sales tax data for the month of July and the numbers show that the town’s strong 2019 is continuing, with tax revenue up 10.13 percent, to $156,973.50, compared to the same month in 2018, the Aspen Daily News reported. According to the latest figures, the increase came from all sectors except utilities/telecommunications, which fell 28.88 percent to $9,607.62, and special events, which was down 95.03 percent. That number may seem large, but in real terms the drop was only from $219.91 to $10.93 from 2018 to 2019.


Basalt


 

Basalt Single Family Home Real Estate Market 3rd Quarter, 2019

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Council Gets First Pass at River Park
Members of the Basalt Town Council, the Planning and Zoning Commission and the Parks, Open Space and Trails Committee got their first look at two proposed designs for the Basalt River Park in the heart of downtown, the Aspen Daily News reported. Officials preferred the option that incorporated a more natural flow to it and evoked the swirls of the Roaring Fork River, which makes up the southern edge of the park space. Featuring a circular great lawn with a bandshell reminiscent of the town’s historic coke ovens, the layout would call for a longer misting water feature, play features scattered throughout the park and willow “forts” for kids to explore.
Features like fire pits and other energy consumers were removed as they were viewed incompatible with Basalt’s mission to aggressively combat climate change. Other features are still possibilities, though, including, potentially, a whitewater park, places for kayaks and other craft to eddy out and tie up, a climbing tree and a raised earth berm with a slide for kids.

Basalt Condomininiums, Townhomes, Duplexes, Real Estate Market 3rd Quarter, 2019

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TACAW Gets Another OK
The Arts Campus at Willits moved one step closer to building a permanent facility during a Basalt Town Council meeting, the Aspen Daily News reported. The nonprofit holds a 99-year lease on the land and hopes to break ground on the first phase of a performing arts center, to be built on a town-owned parcel in Willits, this fall.
The Contemporary, a proposed 10,000-square-foot venue, would include a 400-person theater space, a lobby area with a bar and café, a commercial kitchen, office space and a community room. Phase 2 of the project would call for a larger theater/concert hall to be added, and phase 3, while currently undefined, could be used for something like a digital arts center.


Carbondale


Carbondale Single Family Home Real Estate Market 3rd Quarter, 2019

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Town Moves to Single Hauler Trash System
Carbondale has moved away from multiple companies picking up trash from local homes and apartment buildings to a single hauler, the Sopris Sun reported. After nearly a decade of discussion, there is a new single-hauler system that will cover almost all the households in town in hopes of reducing traffic and noise on the streets of Carbondale, step up its diversion of trash from area landfill sites, and provide better protection for wildlife, mostly years, that annually drift into town to forage for food in local dumpsters.

Carbondale Condomininiums, Townhomes, Duplexes, Real Estate Market 3rd Quarter, 2019

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Red Hill Construction Set for Next Spring
Visitors to Red Hill and the popular Mushroom Rock landmark will have to endure congestion for several more months, the Glenwood Springs Post Independent reported. And when construction on the new parking lots and roadwork begins next spring, the trail will be closed for six weeks.
Garfield County and the town of Carbondale have decided to push construction on a new road and more parking lots to spring 2020, which means closing the trail for six weeks in one of its busiest seasons. The project includes straightening County Road 107 so it intersects Highway 82 at a right angle, and construction of two new parking lots.


Glenwood Springs


 
Glenwood Springs Single Family Home Real Estate Market 3rd Quarter, 2019

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Short-term Rental Market Continues to Grow
A recent snapshot of the Glenwood Springs area’s vacation rental market provides a glimpse at the ever-growing business sector as the industry becomes more and more regulated, the Glenwood Springs Post Independent reported. Any property owner within city limits who lists a residential unit as a vacation rental at places like airbnb.com and HomeAway.com (formerly vrbo.com) or elsewhere, is now required to go through a permitting process with the city.

Glenwood Springs Condomininiums, Townhomes, Duplexes, Real Estate Market 3rd Quarter, 2019

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The city now has a total of 138 short-term rental permits outside the downtown core area, and 16 within the boundaries of the city’s downtown general improvements district (GID).
The new rules limit the number of short-term rentals permitted outside of the GID to 7 percent of the city’s free-market units, which would allow approximately 209 permits based on the city’s current housing stock. There must also be 250 feet of separation between permitted short-term rentals.

 


Pitkin County


Commissioners Approve 10-Year Plan for Aspen Mountain
An Aspen Mountain Master Plan looking 10 years out was approved by Pitkin County Commissioners, the Aspen Times reported. That includes rebuilding Buckhorn Cabin, relocating and rebuilding the ski patrol shack atop Aspen Mountain, increasing the number of nighttime events at the Sundeck from 75 to 110, and possibly opening Ruthie’s Restaurant during the day.
Buckhorn Cabin also will be torn down and rebuilt. After initially placing the new building close to the ridge where the current cabin sits, Skico moved it back from the edge based on commissioner suggestions. The new cabin will be 1,000 square feet and feature bathrooms and a large deck. Ruthie’s Restaurant, which closed about a decade ago, will be allowed to be renovated and can open during the day for food service. Skico can open Ruthie’s for nighttime food service as well, though officials will have to come back to the county board with a nighttime plan that must be approved by commissioners.
The 167-acre expansion of the Pandora’s area off Gentleman’s Ridge lift will be reviewed in a separate application after it was initially table by the BOCC earlier this year.


View as a Flip Book

 
 
New Castle Single Family Home Real Estate Market 3rd Quarter, 2019

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New Castle Condomininiums, Townhomes, Duplexes, Real Estate Market 3rd Quarter, 2019

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Silt Single Family Home Real Estate Market 3rd Quarter, 2019

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Silt Condomininiums, Townhomes, Duplexes, Real Estate Market 3rd Quarter, 2019

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Rifle Single Family Home Real Estate Market 3rd Quarter, 2019

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Rifle Condomininiums, Townhomes, Duplexes, Real Estate Market 3rd Quarter, 2019

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