ASPEN, CO-Boston-based Alcion Ventures LP, in conjunction withGolub & Co. of Chicago and Aspen based operating partner, BaldMountain Development LLC, has recently purchased a 2.4-acre parcelof land on South Aspen Street in Aspen, Colorado. The acquisitionof the land site was made in collaboration with the former ownerCenturion Partners for $15 million.
The property is currently entitled for 14 luxury townhomes and17 affordable housing units. The partnership iscurrently reviewing all development options including the viabilityof continuing with the previous owner’s plans for a120,000-square-foot five-star luxury hotel project.
“Aspen is a unique and durable resort market and we pursued thisparcel for several years before purchasing it at distressed pricingduring its foreclosure. The property is the last major developmentparcel up against the mountain and we look forward to working withlocal constituents to have a lasting positive impact,” says MarkPotter, co-founder of Alcion.
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