Aspen Snowmass Homes: Shadowrock in Basalt

These 100 luxury townhomes, are located in the mid-valley with easy access to Highway 82 and walking distance to City Market, Movieland, with great shops and restaurants. In the future, Wholefoods Grocery and our own performing Arts Center will be built and will provide wonderful amenities that complement Basalt and the Roaring Fork Valley.

Shadowrock will offer four well thought out floor plans ranging in size from 1,665 to 2593 square feet with high-end interior finish options. Each residence will feature comfortable living areas with high ceiling, gas fireplaces and gourmet kitchens with granite countertops and stainless steel appliances.

Because Shadowrock has “gone green” owners will appreciate the care and quality that has gone into the project. From the refrigerators that use Puron rather than Freon (Puron is an environmentally sound refrigerant that does not harm the ozone layer) to zeroscape landscaping this is a project that you can be proud of.

Find out more about mid-valley real-estate with Aspen Snowmass Homes.

Aspen Snowmass Homes: Ruedi Shores Home for sale

This beautiful home located less than a mile from the Ruedi Shores boat ramp and the Frying Pan River. This incredible home sits on 1.46 acres with fabulous views of the mountains and lake.

This 4 bedroom home features gorgeous brazilian cherry floors, state-of-the-art appliances, radiant heat throught (including the garage), top notch finishes...

For more information on Roaring Fork Real-Estate, visit Aspen Snowmass Homes.

Fresh Powder for Ski Towns

Related Plans Condos to Bulk Up Colorado's Snowmass

By KRIS HUDSONAugust 27, 2008;

SNOWMASS VILLAGE, Colo. -- Related Cos. has built signature buildings that helped to transform neighborhoods in Manhattan, Phoenix and South Florida. Now, the big-market developer is attempting a $3 billion redevelopment to transform this prosperous Colorado ski town.
Related's efforts to revamp the core of Snowmass Village, seven miles west of Aspen, is among the latest and most ambitious of many projects designed to overhaul Western America's aging ski towns -- many of which were built in the 1960s and 1970s.
"The [development] activity has gone from zilch to pervasive across the country," said Adam Ducker, a managing director specializing in resort development at real-estate adviser Robert Charles Lesser & Co. Among current projects, Related's Snowmass redevelopment is "one of the two or three most ambitious plans around -- and it's the largest," said Mr. Ducker.
But Related differs from several other ski-resort developers in one critical aspect: It secured $1 billion in backing for its project's first phase early last year, before the credit crunch made 10-figure developments nearly impossible to finance. That financial support has allowed Related to proceed with construction even as some ski-area projects are faltering.
The development, which will include 2.8 million square feet of condos, restaurants and shops, will have little competition, since Related and its partner, local developer Pat Smith, own nearly all of the commercial land in Snowmass.
But other hurdles remain, including selling 550 mostly high-end condos during an economic and housing downturn. So far, Related reports that it has sold more than 60% of the Snowmass condos it has made available for sale since last winter.
The two flagship condo projects in its first phase will be managed by Kor Hotel Group's Viceroy Hotels & Resorts boutique-hotel chain and Aspen Skiing Co.'s five-star Little Nell hotel. Viceroy units are selling for an average of $1,725 a square foot, and Little Nell units for $3,000. Per unit, they range from a $575,000 Viceroy studio to a $16 million Little Nell penthouse.
In Aspen's pricey Pitkin County, condo sales declined by 55% last month in comparison to July 2007, according to Land Title Guarantee Co. But, in a sign that sales of luxury properties remain strong, the cumulative value of last month's condo sales marked a 6% increase from the year-earlier total.
Still, limited competition gives Related an edge in Snowmass, which counts 2,300 permanent residents and more than 10,000 visitors daily during ski season. And, because of its proximity to Aspen, Snowmass caters to wealthy buyers -- many of them foreign -- who aren't easily deterred by a U.S. recession.
"When you have a wealthy consumer who wants to be [in Snowmass] and you are supply-constrained, those are good economics for new development," said Related President Jeff Blau, a part-time Aspen resident.

Find out more about the Aspen Snowmass real-estate market with Aspen Snowmass Homes.