The developer said the envisioned development at the Pan and Fork mobile home site has several positive qualities in its favor. The hotel would have an unparalleled relationship with the Roaring Fork River, and that would be enhanced by the town’s plans for a riverside park. He believes the property would be big for wedding receptions, parties, public gatherings and the like.
BASALT REAL ESTATE — A Texas-based development firm with ties to the Roaring Fork Valley has a contract to buy the Pan and Fork Mobile Home Park in Basalt.Realty Capital Management aims to enlist a partner to build a 120-room Hyatt Place hotel as well as about 15,000 square feet of mixed-use commercial and residential development, according to Richard Myers, managing partner of the company.Myers is scheduled to unveil details of his company’s plan to the Basalt Town Council Tuesday at the board’s regular meeting. The review is just beginning for the Pan and Fork redevelopment plan.The nonprofit Roaring Fork Community Development Corp. purchased the Pan and Fork last year and immediately sold a portion of it to the town government for development of a park. The site is sandwiched between Two Rivers Road and the Roaring Fork River. A portion of the property cannot be developed because of flood potential. The town government bought that piece with the vision of developing the park. Roaring Fork Community Development kept the 2.3 acres with the highest development potential.
By Scott Condon, October, 9 2012 AT
Downtown Basalt Pan and Fork mobile home redevelopment site.