Aspen Walk back in play

by | Jan 27, 2012 | News, Real Estate

Aspen City Council put off a final decision on the proposed Aspen Walk residential development, urging a new architect on the project to further reduce its size. The latest plan calls for 14 free-market condos and 11 affordable housing units in a three-building complex to replace decades-old apartments at 414 Park Ave. and 404 Park Circle. The property is currently in receivership and new architects from Cottle Carr Yaw are working with a court appointed receiver to gain approval.

The receiver said a revised proposal would be ready for a Feb. 27 vote. A foreclosure sale is expected in March.
Unit owners sue developers at Dancing Bear
The homeowners association at the Dancing Bear Lodge on Durant Ave. is suing the project’s developer and a prospective buyer over ownership of a wine room and two employee units.

The suit alleges that buyers of the fractional units were given assurances that ownership of those amenities were part of their purcahse. The current developer-owners of the project, Dancing Bear Land LLC and Tanzbar DB Holdings LLC, have not yet transferred ownership to the homeowners associationCouncil splits on AACP hearings

With a 3-2 vote, Aspen City Council members Torre, Derek Johnson and Adam Frisch rejected pleas from planning and zoning commissioners to adopt the Aspen Area Community Plan as written. Several members of both the city and county planning boards signed a letter calling for adoption without further revision.

 In explaining his position, Johnson said the community expects to be able to comment before it is adopted. Public hearings in the coming weeks will weigh various aspects of the plan and consider amendments suggested by city planning staff.
X Games attendance down 5 percent
Attendance at this year’s Winter X Games totaled 108,000 this year, down 5 percent from last year’s total of 114,200. Saturday was the busiest day, with 45,000 people coming to the games.

Compliments of Aspen Board of Realtors, Observer February 2012

For real estate information in Aspen or Snowmass contact:

Kim McKinley

CDPE, Accredited Luxury Home Specialist

Owner/Broker

mckinley sales, inc. real estatePhone: 970.315.0228

Fax:  970.315.0211

Aspen Office:  605 W. Main Street Suite 4, Aspen, CO  81611

Basalt Office:  23286 Two Rivers Road Suite 21, Basalt, CO  81621

Search Aspen Area MLS:  www.SearchAspenRealEstate.com