ML - Aspen Peak

Aspen Peak - 2015 - Issue 2 - Winter - Lift Off

Aspen Peak - Niche Media - Aspen living at its peak

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146  aspenpeak-magazine.com Scott DaviDSon A s p e n A s s o c i a t e s "The real estate market in Aspen's downtown core has seen a steady rise for the last three years. Per-square-foot prices are now exceeding those of the heydays before the sub-prime crash in 2008. " juStin aDDiSon C o l d w e l l B a n k e r M a s o n M o r s e "People want to be here, and they fnd a way to make that happen. Aspen adds so much enrichment to personal life that buy- ers are willing to ft into the right place." amy Doherty J o s h u a & C o m p a n y "Aspen is ultimately about controlled expansion, limited supply, and continued demand from a broad buyer base from around the world." Three of Aspen's top real estate agents discuss what's driving the building boom. Surreal eState Aspen's real estate scene is exploding at an unprecedented pace. As the FIS World Cup approaches, the question remains: Will it peak anytime soon? Homeward bound: The 14 luxury townhomes of the One Aspen project highlight the residential portion of the development to come to the new Lift 1A base area next year. Arresting Development ReAl eSTATe The countdown to the 2017 FIS Men's World Cup ski races is on, and Aspen real estate is on pace to reach its peak just as the world-class athletes arrive to town. 2014, in fact, saw a dizzying $1.1 billion in real estate sales in Pitkin County, a 40 percent increase over 2013, and the highest total since 2007. Aspen Skiing Company and Roch Partners—consisting of local retailer Jeff Gorsuch and real estate broker Bryan Peterson—met with City of Aspen planning offcials for a pre-application conference last summer to develop the 27,000-square-foot parcel at the base of the current Lift 1A into a lodge, a welcome center, and a pathway connecting the ski mountain to the pedes- trian traffc in town. And the 14 luxury townhomes of the One Aspen project, also at the Lift 1A base area, have been approved and permitted. But the new development around the base of (the soon-to-be-former) Lift 1A is just the beginning. Spurred on by a strong economy with a wide range of municipal projects scheduled to come to fruition in the next two years—including a new Aspen City Hall, Pitkin County Library, and Aspen Police Station—as well as proposals for new lodges and retail spaces, the Aspen real estate landscape is set to be forever changed….

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