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Big Bucks for Downtown Aspen's Bidwell Building, AT

Listed at $30 million, with an assessed value of $15 million, the Bidwell Building is the most expensive commercial property currently listed in Aspen's multiple listing service. The Aspen Legacy property, which includes the Little Annie's building, is listed for $19.9 million; the Millennium Building, on the corner of Main and Galena, is for sale for just under $13 million.

ASPEN REAL ESTATE — A building on one of Aspen's most high-profile downtown corners is up for sale — and with a price tag of $30 million, it is the most expensive commercial property on the market by more than $10 million.The Mountain Plaza building, located on the corner of Galena and Cooper, was listed Monday with local real estate agent Karen Setterfield. Bert Bidwell Investment Corp. decided this month to sell the prime piece of real estate — known as the Bidwell Building — for “lifestyle” reasons, Setterfield said. The move comes after years of back-and-forth with the Aspen City Council over a proposed redevelopment of the 1960s-era building; the owners of the building, three siblings in the Bidwell family, pulled the redevelopment proposal in late August. “I think they just got tired of the process,” said Setterfield, who has worked with the Bidwells as leasing agent for the property since February. “It is a lifestyle choice … the process of trying to redevelop was costly, not just in terms of money, but in time and energy. They are ready to do something different now.
By Jeanne McGovern, Oct 19, 2010 Aspen Times

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