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snowmass village limelight hotel
Snowmass Village
2/3/2017

Base Village Update from East West Partners

John Calhoun, Director of Sales for East West Partners, presented to our Aspen Snowmass Sotheby’s International Realty Snowmass Team on Wednesday, February 1 in Snowmass. John said that we should see shovels on the ground starting this May, and cranes in the air more towards the fall. Four projects are slated to begin this year: 

  1. Limelight Hotel, 99 hotel rooms, 7-11 residences for sale, 5 story building, 1,800 - 2,800 sq. ft., 2,3, & 4 bedrooms, 5-story climbing wall along elevator shaft. 98% designed. 
  2. Plaza, kids area, music area, fountains. 
  3. Building 4, Zamboni house, ski shop and 3 Condo residences - 3 to 4 bedrooms, 2,600 – 3,500 sq. feet, big views, open floor plans - possible pre-sales this summer! 95% designed
  4. Discovery Center, Mammoth and Fossils area - will belong to Snowmass Village to do at will. 

All four projects must be completed no later than November 2018. The partners in this development are East/West, Aspen Ski Co, and KSL. Work on buildings 7 and 8 (Arrival area) are in the design phase. There will be condos, pool top decks and patios. East/West is planning a Vision Center in the Base Village area soon with models, blue prints, etc.

Viceroy Snowmass will release twenty developer units of existing one, two, and three-bedroom inventory on Feb 15. They will not be in the MLS and will not be available after April 1. A variety of floor plans in all areas of the building will be available from $200,000 - $1 million. I should have set pricing and unit numbers next week. Phase 2 will not be started for at least 3 to 4 years; there are no set plans at this point. I think the twenty Viceroy units will be a great opportunity to get into Base Village and Viceroy at a very competitive price.

East West, KSL and ASC are going to spend around $200 million in Snowmass Village in the next decade. It will be exciting to see Base Village finally moving forward. Exciting times ahead for Snowmass Village. 

Chris Klug

HomepageChris Klug Properties

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