JV ACQUIRES PRIME 2.4-ACRE PARCEL IN ASPEN FOR $15 MILLION

by admin

ASPEN, COLO. — Boston-based Alcion Ventures, in conjunction with Chicago-based Golub & Co. and local operating partner, Bald Mountain Development LLC, has purchased a 2.4-acre parcel of land on South Aspen Street in Aspen from Centurion Partners for $15 million. Acquired at distressed pricing during its foreclosure, the property is currently entitled for 14 luxury townhomes and 17 affordable-housing units, but the partnership is currently evaluating all development options.

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