ASPEN REAL ESTATE – Inspite of a very active downtown Aspen commercial market, a commercial property located in the dead center of the Aspen pedestrian mall failed to sell on an online auction administered by the noteholder of the $5.8M debt. The condominiumized property in the Paragon Building at 419 E. Hyman, consists of the 1,700 sq ft ground floor retail space and two units in the basement totalling almost 5,750 sq ft in all. The property is scheduled for a foreclosure sale on March 13, 2013. The sale has been postponed a number of times,
By Catherine Lutz, March 7, 2013 ABJ
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Downtown Aspen pedestrian mall and comercial retail spaces.