Snowmass Village —
Hypo Group takes full ownership of Base Village
The German-government-owned entity Hypo Real Estate Group took ownership of the project in a foreclosure sale last month with a bid of $138 million.
The foreclosure action in Pitkin County was filed by Hypo Real Estate Capital Corp. (HRECC) of New York, a division of Hypo Real Estate Group. HRECC originally put together the $520 million loan to Related WestPac, the previous owner of the project.
County denies Base Village tax appeals
The Pitkin County commissioners denied a pair of tax appeals for properties at Base Village. One was for the Viceroy Snowmass, which the owners claim to be worth $57.6 million less than the county’s assessment. The second involved Lot 3 in the ski area base.
Destination Management Services Inc., the receiver for the Base Village properties until the recent foreclosure sale, filed the petition for abatement for the Viceroy and Lot 3, which contains part of a parking garage and partially built Arrival Center.
Viceroy Snowmass makes Conde Nast’s top 100
The Viceroy Snowmass was named No. 26 on Conde Nast Traveler’s Best 100 resorts in the U.S. The Reader’s Choice Awards survey reflect combined opinions of 28,876 Conde Nast Traveler readers rating the cities, islands and hotels they visited in the past year.
The announcement comes on the heels of Ski Magazine ranking Snowmass as the fourth best resort in North America, and Transworld Snowboarding naming Snowmass as the best snowboarding resort for the third straight year.
Pitkin County —
Public access mapping will open private lands to public
Pitkin County Open Space and Trails officials have mapped out every parcel of land, stretch of trail and fishing easement the county has acquired over the years, with a goal of identifying and filling in missing links.
Many holdings were secured through land-use approvals over the years, and have been closed, neglected or forgotten over the years.
Staff found 2.5 miles of Snowmass Creek that is open to the public through fishing easements, for instance. But only about a mile is actually accessible. Private property blocks access to approximately 1.5 miles. In other areas, no trespassing signs are posted on publicly owned trails and roads.
Open space officials hope to create access lack of access with future deals. They also intend to alert affected landowners who have a public amenity on their property.
CDPE, Accredited Luxury Home Specialist
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