HayMax Capital is pleased to announce the recent submission of an application for Detailed Final Approval to the City of Aspen for the ski-in/ski-out resort and residences known as Lift One Lodge, and the redevelopment of the surrounding area. “Throughout the public process we consistently heard from community members that the livelier the new base area is, the better it will be for Aspen. Those conversations informed our decision to include 52 hotel rooms in our design and reduce the number of fractional residences. We look forward to more constructive discussions as we continue progressing this project,” said Michael Brown, Co-Founder of HayMax Capital.
The mixed-use project known as Lift One Lodge, located at the original Lift One base of Aspen Mountain, will bring much-needed accommodation and supporting services and amenities to the Lift One corridor. The project features a 52-room luxury hotel, 11 fractional residence units, 6 whole-ownership residences, multiple food and beverage venues, spa and fitness facilities, full-service roof-top lounge, and a pool, as well as enhancements to the surrounding area for the year-round benefit of the local community and visitors. Area enhancements include a new gondola base at Dean Street, 500-ft closer to town than the existing Lift 1A, eliminating the sometimes-icy walk up S. Aspen Street, 2-acres of park, public lockers, the revitalization of historical buildings, and improvements to Dean Street. The Lift One Lodge development will bring long-desired year-round vitality to a historically important part of Aspen.
Since the March 5, 2019 ballot in which the people of Aspen voted in favor of the Lift One Corridor redevelopment, the Lift One Lodge team has been working diligently to move this landmark development forward while taking the local community feedback into account. In addition to preparing the now submitted application package for the City of Aspen, in recent months, the team was successful in getting approval from the Colorado Passenger Tramway Safety Board for the new lift terminal location at Dean Street.
The new Lift One base area will dramatically increase the mountain accessibility year-round. Plans for the new Lift One base area include Aspen Skiing Company’s new Telemix lift with both gondola cars and chairs to facilitate access up Aspen Mountain for both skiers and non-skiers, the refurbishment of the historic Lift One bullwheel and towers, the restoration of the Skier’s Chalet Lodge for skier services, public lockers and restrooms, 50 underground public parking spaces, bicycle storage, the Aspen Ski History Museum operated by the Aspen Historical Society, and dedicated bike and pedestrian access at Dean Street. Redevelopment of the Lift One base area revives Aspen’s efforts to reclaim Aspen’s racing legacy with a new venue for World Cup and FIS Racing events.
The next steps in the development process include the presentation of Detail Final Review information to the Planning and Zoning Commission, Historic Preservation Commission, and Aspen City Council, which is expected to occur in the coming months.
About HayMax Capital:
HayMax is a real estate investment firm based in Aspen, Colorado. The company, founded in 2003 by Michael Brown and Aaron Brown, has successfully developed hospitality, luxury residential, and commercial properties in Aspen and other high barrier-to-entry markets.