On major holidays, a private plane lands or takes off at the Aspen airport every six minutes. The average Aspen house costs $2.7 million. Just what has made this Colorado mountain town so irresistible to Kevin Costner, Robert McNamara, Jack Nicholson, Goldie Hawn, Michael Eisner, and Prince Bandar, to name just a few of its A-list homeowners, as well as a cultural mecca for artists and Continue Reading

What goes up in real estate must come down, and the longest-running upward trend in sales and appreciation in 40 years of real estate history in the Aspen market has been six years. Last year was the fifth year of an “up market,” Aspen Appraisal Group’s Randy Gold said Wednesday at the Aspen Board of Realtors 2015-16 Market Overview luncheon at the Hotel Jerome. Roughly 150 real estate industry Continue Reading

The Sky Hotel’s redevelopment application, which is absent any land-use variance requests or free-market residences, won unanimous Aspen City Council approval Monday during a meeting that ran just past midnight. The 90-room Sky Hotel, located at 709 E. Durant Ave., is currently 34 feet tall and 43,605-square-feet in floor area. On Monday, owner Northridge Capital won approval to scrape and Continue Reading

With a stipulation requiring a long-term agreement on off-site parking, developer Mark Hunt won unanimous Aspen City Council approval for his Cooper Avenue lodge proposal on Monday. Hunt, who plans to replace the Cooper Avenue structure home to Domino’s Pizza and other businesses with a 44-room lodge, recently hatched a deal with the St. Regis Aspen Resort for 15 parking spaces. Though the Continue Reading

Aspen’s iconic Hotel Jerome has a new owner. Houston businessman Dan Friedkin closed on his purchase of the Main Street lodge Monday following negotiations that begun in the fall. The seller was Chicago-based DRW Real Estate. The price of the transaction was not immediately available. The sale won’t translate into an overhaul of management, staff or operations, said Tony DiLucia, the hotel’s Continue Reading

Snowmass Village, Colorado: Base Village Whether it was the amount of commercial space needed to make a viable project, adequacy of pedestrian connections, future employee generation or even the timing of when the new medical clinic will be built, no assumption contained within the Base Village Major PUD Amendment was taken at face value by the Snowmass Village Planning Commission. During Continue Reading

Collectively among local businesses, the money continues to flow. Aspen’s monthly consumption report released Wednesday said retail sales in December hit $90.56 million, a 5.6 percent increase over $85.76 million in the same month in 2013. It’s likely a record. Looking back over the past 11 years of modern bookkeeping, no December has ever approached the $90 million mark, according to the city’s Continue Reading

The improving housing market made for a robust and energetic 2015 Design and Construction Week, as 125,000 builders, designers, media professionals, and more gathered at the Las Vegas Convention Center for the industry’s largest trade show. Consumer Reports’ team of editors, market analysts, and video producers were on hand to record the hottest trends and coolest products. If you’re thinking Continue Reading

Snowmass Village, Colorado: Here we go again. Related Colorado, now the developer of Base Village, made its first formal presentation Monday of the changes it is proposing for the stalled project, originally approved by the Snowmass Village Town Council in 2004. When giving the company’s master-plan goals for the application, Dwayne Romero, president of Related Colorado, named moving the project Continue Reading

Editor’s note: This is the first part of a multi-part series about the town of Snowmass Village’s review of proposed amendments to the stalled Base Village project. An aquatic center planned for Base Village has proven to be a sticking point as the Town Council and the developer work to get the stalled project moving again. Base Village developer Related is seeking to downsize and relocate the Continue Reading