Dancing Bear

Continual good news for the Real Estate market in Aspen. The Aspen Times is reporting that "the Dancing Bear upscale fractional-ownership development has endured receivership, bankruptcy and foreclosure proceedings. Now it is under contract to change ownership.

The Dancing Bear, located at the corner of North Mill Street and Durant Avenue, was billed as a two-phase development. The first phase was completed and with fairly brisk sales for the fractional product. In addition, located on the ground level, Brexi Restaurant has been in business offering an added amenity to not only the ownership but it is open to the general public. The second phase, located at the old Chart House location remains partially built with the ability to build out a 11 unit condominium project.

The lift 1-A area remains one of the last sections of the central core to Aspen that is targeted by the City of Aspen as the last piece to help redevelop and revitalize this section of town. The potential completion of the Dancing Bear project is just one piece of the Lift 1-A puzzle that will help spur this redevelopment.

Aspen - Snowmass Real Estate Rocks

Once again, the real estate market in Aspen-Snowmass Village makes headlines. To view more information on the luxury home market click on the link http://www.aspentimes.com/article/20111201/NEWS/111139971/1077&ParentProfile=1058