Robert Stenhammer

Teluride Commercial Real Estate Update

 

Here is the Commercial Real Estate update for Telluride, Colorado as of September, 2019

Source: Telluride Real Estate Brokers 

Whole Building Sales: 

The Bell Building, 217 West Colorado, sold 6/1/2018 for $2,995,000 MLS #32563 

The Pederson Building, 398 West Colorado, sold 10/5/2018 for $7,440,000 MLS #35732 

The Bank Building, 109 West Colorado, sold 11/15/2018 for $2,450,000 MLS #35785– TREB Sale 

Plunge Landing Building, 290 S Townsend, sold 2/26/2019 for $5,700,000 MLS #37427 

221 South Oak, sold 7/17/2019 for $3,850,000 MLS #36908 

Commercial Condominium Sales: 

221 East Colorado Ave Wasatch II #J, sold 12/13/2018 for $1,035,000 MLS#35515– TREB Sale 

Art House Corner of Fir and Pacific, sold a second time in 2 years on 1/15/2019 for $980,000 MLS #36750 

217 East Colorado Ave Wasatch II E &F, sold 5/14/2019 for $2,327,500 MLS # 36496 

Pacific House, 124 East Pacific, sold 5/31/2019 for $735,000 MLS #35759 

The Following Office Spaces Sold: 

New San Juan Office suites 204, 220 East Colorado Ave. sold 11/30/2018 for $90,000 MLS #36369– TREB Sale 

Black Bear Unit 202, 101 East Colorado, sold 3/8/2019 for $570,000 MLS# 36861 

Availability in the commercial sector is still very slim and limited. 

Current Whole Structure Commercial Properties Listed Include: 

Fly Fishing Store, 121 West Colorado, Asking price $3,400,000 MLS #37309. This includes a full HARC approved set of redevelopment plans– TREB Listing 

The Dahl Haus, 122 South Oak Street, Asking price $3,000,000 MLS #37105– TREB Listing 

121 North Pine Street Storage/Residential, Asking price $3,000,000 MLS #34234 

115 West Colorado, back to the market at Asking price $4,750,000 MLS # 37459 

Commercial Spaces Listed Include: 

New San Juan Office suites 201 & 202, 220 East Colorado Ave. Asking Price $215,000 MLS #3691– TREB Listing 

214 East Colorado, Asking price $869,000 MLS #36843 

Dakota Space, 220 East Colorado, Asking price $1,725,000 MLS #36984 For Real Estate. Asking price $1,850,000 MLS #36890 For Real Estate and business. 

Under Contract: 

Butcher and Baker Building, 201 East Colorado, Asking price $3,500,000 MLS #37108 

TBD S FIR STREET 2 Fir House Commercial 1, Asking price $1,010,000 MLS #33926 

TBD S FIR STREET 2 Fir House Commercial 2, Asking price $1,425,000 MLS #33928 

Recently Expired/Withdrawn Properties: 

115 West Colorado , Asking price $4,400,000 MLS #35263– This has returned to the market at $4,750,000 MLS # 37459 

373 West Colorado Unit 5, Asking price $999,000 MLS #36611 

A Few Notable Changes in Business Moves and Startups: 

The Last Dollar Saloon and the new National Restaurant behind the Last Dollar are open. 

The Town of Telluride is completing the construction of the building on south Fir and Pacific on what Is locally known as the S.M.P.A. lot. This building contains underground parking, The Ah- Haa School for the Arts and Affordable Housing. 

The Merriweather four corners project is moving along, one building on the corner of Fir and Pacific is complete. The Transfer warehouse received a facelift and has been conveyed to Telluride Arts, and the main building to the south of the Transfer warehouse is being finished. 

The Pederson building on Colorado Ave. on the corner of south Aspen is approaching completion. 

The Old Belmont and Shanghai buildings are undergoing a significant restoration and renovation. 

Oxbow Leather has moved to 217 East Colorado Ave. 

The Hotel Ajax site has been sold and new plans are expected soon.

Telluride Real Estate Spotlight - Aldasoro Ranch

Aldasoro Ranch is a 1550-acre parcel developed in the late 1980’s, carved from a beautiful area of the extensive sheep ranch and farm owned by Joaquin and Serapio Aldasoro, industrious brothers who came from the Basque Pyrenees of Spain in 1926.

The development is linked to the Telluride spur from the same county road that accesses the Telluride Airport. A drive from any home in Aldasoro is less than 15 minutes to Downtown Telluride, Ski Resort or Golf Course.

For owners and their guests, catch and release fishing in the pond is allowed and Mountain Biking or Hiking on a well developed trail system links to the greater area town and wilderness trail systems.

In 2008 The Ranch changed hands from the Aldasoro family’s development company to the Aldasoro Ranch Homeowners Company, which now provides water, oversees building projects and maintains the roads.

Today Aldasoro has 166 single-family lots, a mixture of high-end custom homes and a few deed-restricted properties, as well as 620 acres of open space, covered in aspen, scrub oak, prairie grass and flowers. Every lot has magnificent views of the San Juan Mountains and the surrounding area. Click Here for Properties for sale in Aldasoro Ranch! 

Telluride Real Estate Market Stats for July 2019

Highlights as of today in Telluride and Mountain Village Real Estate: 

  • Number of sales are behind last year in all segments on my report
  • Large dollar land sales in Telluride and Mountain Village skewing 2019 price/acre upward
  • Telluride Listed Homes are now nearly double price/ft than Mountain Village Homes and less than half the average size listed  
  • Please contact me for more information

The Telluride Reserve Mountain Village Food & Wine Celebration

The Telluride Reserve Mountain Village Food & Wine Celebration takes place August 15-18, 2019 in beautiful Mountain Village, Colorado. In this inaugural year, Telluride Reserve will offer guests interactive wine tasting sessions led by Master Sommeliers and wine professionals.

For one price, guests select eight sessions over four days,including two Taste & Terroir four-course lunches featuring sought-after wines paired with the innovative cuisine of celebrated chefs. This event will leave you speechless as you sample world-class vintages and tasty delights set in extraordinary venues - private homes in Mountain Village. Get your tickets now while they last at: http://www.telluridereserve.com/

Telluride Mountain Village Free Sunset Concert Series

Sunset Concerts in the Telluride Mountain Village are one my favorite summertime events. Located in the Sunset Plaza, just a short Gondola ride from Telluride, there is free live music every Wednesday evening starting at 6pm. Enjoy great music, socialize with friends and enjoy your beverages in the newly formed Mountain Village Common Consumption Area. See you for the shows! 

Click Here for More Information on the Sunset Concert Series

Telluride Mountain Village Market on the Plaza

Love homegrown farm to table food and homemade, local artisan products? So do I...Be sure to check out the Market on the Plaza in Telluride Mountain Village. The Market occurs every Wednesday from 11am to 4pm, just prior to the free Wednesday night Sunset Concert Series through the Summer. While you are at it, why not stop in the Christie's real estate office in the Mountain Village core to say "hi" to your favorite real estate broker - Me! We look forward to seeing you this summer...

Commonly Consuming in Telluride Mountain Village

This is one very cool idea and a big differentiator for the Mountain Village in Telluride. The new Common Consumption Area (CCA) encompasses the Village Core. It allows for you to buy a beer, wine or cocktail in a participating establishment and leave the premises; allowing you to sip and grin by the fire pit or shop with your beverage. The CCA is in effect this summer from noon to 9pm through the close of the Gondola for the summer season on October 20th - no personal or outside alcohol is allowed. Cheers! 

Click Here to Link to the CCA map and participants.  

Telluride Mountainfilm Festival

It marks the official kick-off of summer in Telluride! Mountainfilm takes place every Memorial Day Weekend and coincides with the opening of the Gondola, re-opening of businesses and the Telluride Golf Club for the season. Because of this and the amazing alpine programming of environmental and action adventure films; it's one of my favorite festivals of the year. 

Today, the annual Mountainfilm festival occupies dozens of venues in Telluride and Mountain Village and fills the two towns with inspiring thinkers and doers. In addition to showcasing leading independent films and filmmakers, the weekend now includes symposia and panels, gallery exhibits of art and photography, book signings, coffee talks, student programs, music, outdoor programs and street parties. The essential combination that first set the festival apart, though — friends, adventure, passion and powerful ideas — remains firmly intact.

The Mountainfilm festival began in 1979, a time when Telluride was completing its transition from a hard-rock gold and silver mining community to a destination resort and ski town. The new era ushered a vital fresh energy and economic life into Telluride’s beautiful box canyon, and the area's rugged mountains remained the leading attraction.

It was Lito Tejada-Flores, fresh from screening his now-classic adventure and mountaineering film Fitzroyat the Trento festival in Italy, and Bill Kees, a local climber and avid outdoorsman, who inaugurated Mountainfilm. Over three nights at the historic Sheridan Opera House, they screened a dozen films, all about mountains: mountain sports, mountain cultures, mountain issues. During the days, the audiences took to the mountains themselves, climbing the thirteen- and fourteen-thousand-foot peaks with skis; kayaking the San Miguel River; and engaging in spirited conversations about the importance of wild places, adventure, art and action.

The first festivals attracted leading names in mountaineering and exploration: Royal Robbins, Yvon Chouinard, David Breashears and others. With their help, the Memorial Day weekend event quickly became a not-to-be-missed tradition for an ever-expanding circle of pioneers in diverse fields — from athletes to environmentalists and scientists to poets. Mountains soon became as much a metaphorical theme as a literal one and, as the festival expanded in size and recognition, its programming readily stretched to the leading edges of contemporary issues.

In 1999, Mountainfilm  grew the scope of its operation significantly with the introduction of Mountainfilm on Tour. By taking festival films to theaters across the country and internationally, Mountainfilm accessed large and diverse new audiences that would otherwise have no window into the filmmakers’ unique and important work.

 

Click Here for everything you need to know about Telluride Mountainfilm