Filed under: Real Estate Developments
A prime piece of Aspen real estate will be auctioned off in August through Sheldon Good & Company. The site was at one time the location of The Stage 3 Movie Theater and now contains a partially-built, three-story building (rendering shown above) which, when completed could house 30,000 square feet of residential, retail and office space. The building wasn't completed because it has been involved in Chapter 11 bankruptcy proceedings. Around 15 percent of the total construction, including the basement and foundation, was completed before the owners suspended construction and filed for bankruptcy.