As lawsuits mount and developers are trying to negotiate with dozens of would-be buyers who want to back out of their contracts, the Residences at Little Nell quietly opened for business last week…Some $85 million in sales have closed since the end of December, representing about 70 of the 208 available shares, and closings are scheduled through the rest of the winter… The project, which is being sold in one-eighth shares, shattered all sorts of real estate records during the sales phase that began in mid 2005. …” RLN is a phenomenal success story, at least until now,” as one local broker put it,
By Catherine Lutz, Feb 15, 2009, Aspen Daily News, Aspen, CO

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