October 2011

Aspen Sale October 21, 2011

Aspen Sale October 21, 2011

521 Mcskimming Road

Aspen

$3,225,000

Three bedrooms/three baths

$885 per square foot

Asking price $3,495,000

92% of asking price

Photo by Gary Feldman

Posted by gary on October 26, 2011 in
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Snowmass Sale - October 21, 2011

Snowmass Sale - October 21, 2011

1314 Horse Ranch Drive

Snowmass Village

$3,600,000

Five bedrooms/five baths

$720 per square foot

Asking price $$3,995,000

90% of asking price

Photo by Gary Feldman

Posted by gary on October 26, 2011 in
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Aspen Sale October 11, 2011

Aspen Sale October 11, 2011

Rivers Edge, East Unit A 

855 Gibson Avenue

Aspen

$5,173,000

Five bedrooms/six baths

Asking price $5,500,000

94% of asking price

Photo by Gary Feldman

 

Posted by gary on October 24, 2011 in
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Aspen Sale October 11, 2011

Aspen Sale October 11, 2011

Residences at The Little Nell

Private Residence Club

Aspen

Unit F-204 - $1,400,000

Unit F-309 - $1,300,000

Photo by Gary Feldman

Posted by gary on October 24, 2011 in
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Snowmass Sale - October 17, 2011

Snowmass Sale - October 17, 2011

Top of Village, Trails Building, Unit 303

Snowmass Village

$1,200,000

Three bedrooms/three baths

$827 per square foot

Asking price $1,350,000

89% of asking price

Photo by Gary Feldman

 

Posted by gary on October 24, 2011 in
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Aspen Sale October 14, 2011

Aspen Sale October 14, 2011

Torpen Condominiums, Unit B

1018 East Hopkins Avenue

Aspen

$2,425,000

Three bedrooms/three baths

$1,249 per square foot

Asking price $$2,950,000

82% of asking price

Photo by Gary Feldman

Posted by gary on October 24, 2011 in
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Snowmass Sale - October 18, 2011

Snowmass Sale - October 18, 2011

835 Wood Road

Snowmass Village

$5,000,000

Five bedrooms/five baths

$1,019 per square foot

Asking Price $5,950,000

84% of asking price

Photo by Gary Feldman

Posted by gary on October 24, 2011 in
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Aspen Sale October 20, 2011

Aspen Sale October 20, 2011

351 Brush Creek Road

Aspen

$1,925,000

Four bedrooms/Three Baths

$506 per square foot

Asking price $1,995,000

96% of asking price.

Photo by Gary Feldman

Posted by gary on October 24, 2011 in
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Aspen Board of Realtors October, 2011 Observer

Aspen Board of Realtors October, 2011 Observer
ABOR ObserverOCTOBER 2011 A rundown of the government and business activity over the last month, with particular focus on issues and items that are important to the Real Estate community.                                    Aspen —City Council puts hold on demolition of Little Annie’sCity Council will review the Historic Preservation Commission’s decision to allow demolition Little Annie’s Restaurant before allowing it to proceed. Although HPC is the final authority on the demolition, council has the ability to “call up” the decision and reverse it if it finds that the HPC acted outside of its jurisdiction or abused its discretion. Aspen Core Ventures is proposing a 31,739-square-foot building in place of the Benton Building and Little Annie’s and the dirt parking lot on the corner of Hunter Street and Hyman Avenue.  Downsized Lift One back before CouncilDevelopers of the proposed Lift One Lodge are before City Council this month, seeking permission to build a 77,000-square-foot lodge with 22 fractional units that can be broken off into 84 separate smaller rooms. The plan also calls for five free-market condos.  The latest iteration of the application, which was first submitted in 2006, has one restaurant instead of the two, and the size of the underground parking garage has been cut in half to 100 spaces. It includes relocation of the Skiers Chalet Lodge to Willoughby park, where it will serve as a ski history museum, and provides for right of way through the property so skiers and snowboarders can reach Deane Street.  The developers are seeking to exceed land use code caps on height for some portions of lodge. Aspen drops suit to end yoga practiceMunicipal Judge Brooke Peterson dismissed the case against Mike Kubasiewicz, owner of Dwell Pro Inc., at the request of the city, after Kubaisewicz agreed to stop allowing yoga instructors to conduct classes in his business.  Dwell Pro is located across Puppy Smith St. from Clarks in the 465 N. Mill St. building, which is zoned as Service-Commercial-Industrial. So-called SCI zoning is extremely restrictive, in that it permits a very limited number of local-serving businesses. Yoga is not currently allowed in the SCI zone district.

A citation against yoga instructor Richard Bird, accused of holding classes despite the city's warnings, was also dropped.  Locals sue city over hydroelectric plantSaving Our Streams, a local nonprofit formed in February to challenge the city’s assumptions and actions on a proposed hydroplant on Castle Creek, filed a lawsuit in state water court to determine whether the city of Aspen actually abandoned its right to use water from Castle and Maroon creeks for its proposed hydroelectric facility. Aspen’s electric utility has not operated a hydroelectric plant since the early 1960s, which is at the center of SOS’s complaint. The project, if completed, would divert water from Maroon Creek to the Castle Creek facility.

In 2007, Aspen voters approved a $5.5 million bond issue to initially fund the project. Opponents claim that the language in the referendum was vague and voters didn't know exactly what they were supporting.Council hesitates on BurlingameCity Council isn’t committing to Phase II of the Burlingame project just yet, instead asking potential buyers to go through the steps to prequalify on mortgages. Council members said that if  60 or 65 interested buyers are prequalified, they would be more comfortable starting construction next year on 82 units. AACP rewrite in final stretchAspen City Council started its review of the Aspen Area Community Plan last month, and hopes to adopt a final version by the beginning of December.  The Council’s AACP review meetings are scheduled  for Oct. 4, Nov. 4, Nov. 29, Dec. 5 and Dec. 6.  CDOT working to ease drive into AspenThe Colorado Department of Transportation plans to install “loop detectors” at eight intersections in Aspen and along Highway 82 out to the airport. The loop detectors detect traffic and adjust the traffic signal cycles accordingly, eliminating unnecessary triggering of red lights. The project will be completed in late November.  Fire Department names Clapper as chiefThe Aspen Fire Protection District created new volunteer fire chief and district executive officer positions last month, and Willard Clapper was voted in as volunteer chief. Ed Van Walraven is the new executive officer. The changes mark a return to the volunteer leadership model that served the department for most of its historyMyler heads state housing boardLocal attorney David Myler has been named board chair for the Colorado Housing and Finance Authority. He was first appointed to authority’s board of directors by former Gov. Bill Ritter in 2009. He will serve as board chair for the 2011-12 term. The board serves as the governing body of the organization and establishes policies to supports affordable housing and small business finance.   Snowmass Village —Westin takes over management of  SilvertreeThe new owners of the Silvertree Hotel have tapped Westin International to run the facility, which will be renamed as the Westin Snowmass Resort.

David Wasserman, principal of the ownership group that bought the Silvertree, the Wildwood Lodge and the Snowmass Conference Center for $42 million in June, expects the new brand to drive convention business and convince more tourists to stay in Snowmass.

The Wildwood Lodge will not be under the new corporate brand. It will likely be run as a boutique lodge, with reservations available through the Starwood Hotel reservation system.
 Base Village foreclosure sale rescheduled, againThe Base Village foreclosure sale has been rescheduled for Nov. 16. The latest postponement will have no impact on day-to-day management of Base Village, including the Viceroy Snowmass Hotel, commercial operations, condominium sales, homeowner associations and special districts. 
Pitkin County —County ends building permit extensionsPitkin County declined last month to extend permits on two approved projects that remain stalled by the economic downturn. Developers who face expiration on building permits are now required to reapply for development approvals, and comply with any changes to the land use code. The commissioners had previously extended all set-to-expire permits through Aug. 31, 2011.  Only five projects took advantage of the extensions before the Aug. 31 deadline. Fou were new single-family homes and one was a remodel. Ashcroft cabins opposed by USFS, county open spacePlans for overnight rental cabins near the Pine Creek Cookhouse in the Upper Castle Creek Valley has drawn opposition sparked concern from the county Open Space and Trails Board and the U.S. Forest Service. Forest Service district ranger Scott Snelson wrote to the county in January that he “has concerns about promoting additional development in this area ... and the potential effects to the natural resources and forest visitor experiences.” County open space director Dale Will and board chairman Tim McFlynn meanwhile expressed concerns about the impact of adding overnight lodging.

Applicant John Wilcox, owner of Ashcroft Ski Touring and the Pine Creek Cookhouse, wants to convert two employee cabins into huts for tourists and build five new ones on 20 acres he owns within the White River National Forest. The cabins would be 500 to 800 square feet each. Winter access would be limited to skis or snowshoes. The cabins would have no kitchens, with meals provided at the restaurant.

County looking for land deals with housing moneyPitkin County has $10 million in the bank for spending on affordable housing, and the county commissioners are eager to start spending it.
The commissioners would prefer to buy land between Aspen and Basalt and develop it themselves, although housing policy allows development within the county’s urban growth boundaries as far as Carbondale. Partnering with private developers is not an ideal strategy, they agreed, because the county would give up control of a project and possibly run into conflicts of interest with the builders.
 Lenado suit against county snowmobile policy before judgeLenado homeowners Daniel Delano and Frank Peters are asking a district court judge to rule the county cannot allow snowmobile parking on the upper portions of Woody Creek Road.

The suit has been making its way through pre-trial and preliminary court matters for nearly two years, since the county first adopted an ordinance allowing snowmobilers to park their trucks and trailers along the side of the road.

The plaintiffs claim the commissioners exceeded their authority in designating the parking along the county road that cuts through their land. The county road uses an easement created in 1954, which the suit claims does not allow any parking or snowmobile staging.
 Pitkin commissioners rumble with Garfield commissioners over water rightsThe county commissioners of Garfield and Pitkin counties are on opposite sides of a dispute over undeveloped water rights in the Crystal River drainage that are related to the West Divide Project, a proposed system of dams and water diversions conceived in the 1950s but never built.

Pitkin County is opposing efforts by the West Divide Water Conservancy District and the Colorado River Water Conservancy District to preserve unused water rights connected to the recently-killed Osgood Reservoir and other unbuilt diversion facilities that would carry water from Pitkin County to the Divide Creek and Mamm Creek drainages in Garfield County.
 Garfield County is crafting a statement of support for the water districts’ effort to hold on to the water rights associated with the original project. County rejects Marilyn MarksPitkin County is struggling to fill volunteer vacancies on its 18 citizen advisory boards, but elected officials nevertheless decided they can do without the help of Aspen resident Marilyn Marks.  Marks applied for a post on the county’s six-member financial advisory board, which has three openings. She met resistance at her interview with the BOCC from Commissioner Michael Owsley, who cited her involvement with controversial matters ranging from video-taping Aspen City Council meetings against city wishes to public dust-ups over instant runoff voting and alleged improper influence over the city’s election commission. He called them her “baggage.”

Rachel Richards and Jack Hatfield joined Owsley in opposing Marks, while Rob Ittner and George Newman supported seating her. Ittner argued that the county is controversial by nature, and should not nix Marks as a volunteer based on her public spats. Commissioners overrule staff on Stranahan drivewayPitkin County commissioners approved a 675-foot-long driveway off of Woody Creek Road on a steeper slope than code permits, overturning a staff denial.

The driveway accesses 63-acres owned by George Stranahan’s family trust, which has not been developed but is approved for a new home. Six different driveway alignments were offered to the commissioners, all in violation of the code. The commissioners choose one they believe will have the least impact on the area’s elk herds.
 Thompson Divide Coalition calls for actionThe Thompson Divide Coalition is asking supporters to let Congress know they support the effort to protect 221,490 acres north and west of Carbondale from gas and oil exploration. The coalition maintains that other values, wildlife habitat, recreational uses, grazing and clean air and water outweigh the economic benefits of energy development.

The Thompson Divide area stretches from just south of Glenwood Springs past Carbondale to the south of McClure Pass. It includes the vast roadless area west of Highway 133.
 About 75,500 acres of federal lands, mostly national forest, has already been leased to energy companies, but there has not yet been much development. That could change in the near future. SG Interests, a privately held firm based in Houston, has applied to the Bureau of Land Management to lump 16 leases it owns in the heart of Thompson Divide into a single unit and submit a drilling master plan for an area of roughly 36,000 acres. County sales tax collections up more than expectedStrong sales tax collections for the first half of this year have led Pitkin County officials to adjust local economic forecasts upward. County sales tax collections were up 7 percent through June. The financial advisory board bumped its projected rise in sales tax collections for all of this year to 4 percent, up from the previous forecast of 1.2 percent. Cross tabbed to run Buttermilk.The Aspen Skiing Co. has named Susan Cross as the mountain manager at Buttermilk. Cross has been with the company since 1992, as director of guest services since 1995.  As mountain manager, Cross will oversee all day-to-day operations at Buttermilk, working closely with lifts, patrol, ski school, trails and guest services, as well as ESPN as they prepare for the X Games. 
Posted by gary on October 07, 2011 in
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Aspen Sales October 5, 2011

Aspen Sales October 5, 2011

501 Rio Grande Place, Unit 204

Parkside Building, Unit 204

Obermeyer Place, Aspen

$4,560,000

Four bedrooms/four baths

$1,556 per square foot

Asking price $4,995,000

91% of asking price

18 Roaring Fork Drive

Eastwood, Lot 19

Aspen

$1,100,000

Five bedrooms/five baths

$328 per square foot

Asking price $1,100,000

100% of asking price

Photo by Gary Feldman

Posted by gary on October 06, 2011 in
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