“ … It seems apparent that the current zoning … [drives] applications in the direction of 40-foot buildings … serving speculative development in the form of ‘cold bed’ penthouses or high-end luxury units at the expense of development such as hot beds, retail spaces, local-serving businesses, tourist accommodations or affordable housing,” the memo says. The document was circulated this week to Aspen City Council members and others in the community.

ASPEN REAL ESTATE – Empty high-end condos are hollowing out the downtown core and should be discouraged by new zoning laws, according to a proposal authored by Aspen Mayor Mick Ireland. The mayor is proposing a downzoning of the downtown and lodging areas of Aspen that would cap any buildings containing free-market residences at 28 feet — essentially two stories — whereas today’s height limit reaches up to 47 feet. Tighter rules on free-market condos and timeshares would reduce the city’s exposure to a “shoot the puppy” scenario, in which the council is forced to choose between a development that might not be in the community’s best interest, or either face litigation or lose a popular community institution, Ireland argues in his three-page memo.
By Curtis Wackerle, Jan 11, 2012 ADN

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The Mother Lode building was rebuilt with historic preserved front face and two nulti-million dollar condo penthouses on top, retail space on ground floor. The entire building and/or indivdual units are for sale. Contact Tim Estin 920-7387 for more details.