Related WestPac officially suspended work on The Little Nell Residences Snowmass on Monday, citing a shortage of funds. …“We have continued to struggle in securing new construction financing for the building,” Related WestPac President Dwayne Romero said. “We didn’t want to expend any more of the equity dollars.”The 30 luxury condominiums are designed to offer ski-in, ski-out access to Snowmass. They will be managed by the Aspen Skiing Co.’s five-star hotel, The Little Nell, and promise such amenities as 24-hour maid service, an exclusive owner’s lounge and private ski lockers.Related WestPac is calling the work stoppage a “suspension,” but Romero acknowledged he didn’t know when work would resume.
By Katie Redding, March 31, 2009, Aspen Times
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