Luxury Resorts Real Estate

Aspen sees first resort development since 2008

Downtown Aspen is about to see its first residential development since 2008.
Downtown Aspen is about to see its first residential development since 2008.

Aspen never really left the top, particularly in real estate values, but for a town that can claim no fewer than 50 billionaires, stagnation probably felt a little uncomfortable since 2008 — the last time this alpine enclave saw new resort development, according to representatives of its newest construction project. Thanks to the so-far successful Dancing Bear Aspen private residence club, the town has resumed new construction with luxurious vigor.

Dancing Bear Aspen, part of the Timber Resorts private residence club family, sold out its first phase last month with plans to start the second and final phase late this summer. The second building will features ten 3-bedroom luxury condos sold in 1/8th fractional interests starting from $785,000. A 4-bedroom penthouse boasting the largest rooftop deck for a private residence in downtown Aspen is also part of the project. Common amenities will include a spa grotto and steam room, underground parking garage, owner ski locker room, reception area and full-service restaurant and bar.

Randall Bone, Chief Operating Officer for project developer Sunrise Company, says the development will inject new life into downtown Aspen.

“Since taking over ownership of Dancing Bear Aspen in 2012, we’ve been waiting for the moment to bring resort development vitality back to the community,” he said in a press release.  “It’s an exciting time for owners and prospective owners of Dancing Bear Aspen, as well as the community of Aspen, as we bring this final phase to completion, offering vitality to this corner of downtown Aspen.”

As might be expected, ownership comes with a few more amenities than bragging rights to a deed in one of America’s most expensive zip codes. Dancing Bear owners enjoy a private movie theater, owners’ wine room and cellar, state-of-the-art fitness center, dedicated concierge services, and a private rooftop terrace. As members of the Timbers Collection, owners also receive privileges from travel partners and reciprocity within the Timbers Resorts portfolio.

Who says timeshares aren’t chic — even in Aspen?

 

Featured image: Dancing Bear Aspen Mountainside Building- Summer rendering. (PRNewsFoto/Dancing Bear Aspen)

 

Got a tip?  Let us know at luxuryskimag@gmail.com 

 

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