ASPEN REAL ESTATE – The court-appointed receiver of the Dancing Bear fractional residence development is asking the city for a three-year extension of development rights for the unfinished portion of the project.Phase two of the Dancing Bear is an unfinished steel and concrete construction project located at the corner of Monarch Street and Durant Avenue, the former site of the Chart House restaurant, across the street from the completed phase one Dancing Bear building, which opened in 2008.Construction on phase two, a planned nine-unit luxury fractional residence project, halted in 2009 when developer DB Capital Holding ran into financing issues. Originally approved in 2005, the Dancing Bear’s development rights are currently set to expire on June 30, 2011. James DeFrancia, president of court-appointed receiver Weston Capital Corp., is asking Aspen City Council at today’s meeting to extend those development rights until June 30, 2014.
By Curtis Wackerle, Sept. 27, 2010 Aspen Daily News

Link to article