Troubled Snowmass Base Village developer, Related WestPac, insists they are making efforts to press forward with the overall Base Village project and hopes that a 30% discount offered to buyers of the Viceroy hotel condos will expedite the closing process. It is questionable at this point whether the group of buyers, now suing to break contract, will entertain the offer.
Aspen's only private bank and national savings association, Gibraltar Private Bank & Trust, has brought in long-time Colorado and Aspen resident, Aaron Pearlman, as their Private Banking and Lending Specialist. Aaron's banking experience includes a combination of commercial and residential lending and asset management. He was most recently President of American National Bank in Aspen. Gibraltar Private Bank & Trust has been doing business in Aspen for about 10 years.
Winterskol is Aspen's annual toast to winter. It takes place this year from Wednesday, January 13 to Sunday, January 17.
As the Aspen real estate market continues to improve, signs of the "old days" are also returning. On Monday, December 28, 2009, I received an offer on one of my single family home listings. The cash offer called for a closing in three days, December 31, 2009. Under normal circumstances, this was possible. Unfortunately, the seller was on a Caribbean cruise. The offer was negotiated verbally and ultimately closed the following Wednesday, January 6, 2010, for $4,200,000.
711 Spruce Street, Aspen
4 bedrooms/4.5 baths
214 East Bleeker, Aspen
Lot 11, Section 25-T8-R86
Mountain Queen, Aspen
Plans for building a 265 seat performing arts theatre, as part of the proposed $30 million expansion to Aspen's Wheeler Opera House, have fallen away. According to the Wheeler's Executive Director, Gram Slaton, the project has been suspended. Cancellation of the project is apparently due to City Council requirement for further study on the need for the facility.
Veteran real estate brokers are optimistic, even though sales volume dropped from $1.37 billion in 2008 to $1.07 billion last year (2009) and total number of transactions decreased from 828 in 2008 to 703 for 2009. One of the best reasons for optimism is that sales volume and total transactions both increased for three consecutive months in 2009, relative to the same months in 2008. September 2009 sales increased 27%, October sales increased 46% and November sales increased 26%, compared to the previous year. "The gap is closing-" reports Land Title Guarantee Colorado.
214 & 222 East Bleeker, Aspen
5 bedrooms/5 full and 2 partial baths
Built in 1888, completely remodeled in 2009
Price includes a 6,000 sf lot adjacent to the Victorian
Located one-half block west of the Hotel Jerome