SNOWMASS VILLAGE — Pat Smith, owner of Related WestPac and developer of Snowmass Base Village, recently answered some questions from Inside Business (a publication of The Aspen Times) on how the progress is going in transforming the aging ski resort.

Related WestPac owns several properties in town including Snowmass’ Base Village, the Snowmass Mall and the Snowmass Town Center.

The private real estate company is redeveloping those properties and investing billions of dollars.

The 1 million-square-foot mixed-use development at Base Village includes residential units, hotels, retail, entertainment and restaurant amenities on 80 acres.

Sales at the residential properties — Little Nell Residences at Snowmass and The Viceroy Resorts and Residences at Snowmass — have gone unexpectedly well in recent months.

Since sales began in mid-December 2007, Related WestPac Real Estate has sold more than 65 percent of The Little Nell Residences at Snowmass and more than 50 percent of The Viceroy Resorts and Residences at Snowmass.

Prices for The Little Nell Residences at Snowmass begin at $3.1 million and at The Viceroy Snowmass prices range from $570,000 to over $4 million.

Launched more than 35 years ago, Related has helped build Time Warner Center in New York City and CityPlace in West Palm Beach, Fla. To date, the company has developed $15 billion in projects, and has billions more worth in the process of being built.

Aspen Snowmass Homes can help you with your Snowmass Real Estate needs.


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