The focal point of the project is the four-story hotel, which is envisioned on the western end of the property, closest to where the Taqueria el Nopal restaurant is located. Myers said his firm would partner with Presidio Cos., a Napa Valley, Calif., hotel developer and manager in the project. He also displayed a letter from the development director of the Hyatt corporation, who expressed clear interest in the Basalt project.
BASALT REAL ESTATE — The Basalt Town Council got its first look Tuesday night at the 120-room hotel and associated development that could potentially replace the 38-unit Pan and Fork Mobile Home Park near the town center. Richard Myers, the managing partner of Realty Capital Management, outlined his firm’s plan to work with partners to build the hotel along with 15,000 square feet of shops and restaurants and about 20 residential units. The company has a contract to buy 2 acres at the Pan and Fork site from Roaring Fork Community Development Corp., the nonprofit owner of the trailer park. The purchase is contingent on Basalt issuing the land-use approvals. Roaring Fork Community Development Corp. would retain 0.3 acres and develop a nonprofit campus. Two nonprofit organizations are looking at headquarters to the west of the Pan and Fork as separate projects. The Rocky Mountain Institute has a contract to buy property from the town government for an office. The Roaring Fork Conservancy has property and approvals for an educational river center.
By Scott Condon, October, 10 2012 AT
Schematic for proposed mixed use development on the Pan and Fork Mobile home site along the Roaring Fork River