Space and acreage may be the idea of a perfect Aspen home after the last two years. But the allure of urban living never lost its luster. After all, being able to walk from your downtown penthouse to pick up your morning smoothie or head to après ski drinks without ever climbing into your SUV has its advantages. This is the promise of Mountain Forge, a new mixed-use building with a luxury 3-bedroom penthouse, street-level offices, a rooftop deck, and recreation space, that has recently come on the market. Listing agent Carrie Wells of Coldwell Banker Mason Morse hails the $45 million property as “the pinnacle of new urban luxury” for Aspen.
“You could not recreate this today because the zoning codes now prohibit having a residential component in a mixed-use building,” she noted. “It’s a very unique opportunity to be able to own the entire building because you, as the owner, can select the tenants in the commercial spaces. It’s very rare to be able to control an entire building.”
Recently completed by Madigan & Co, Mountain Forge represents the four-year vision of Sandra Edgerley the Founder and President of Hexagon Properties, one of several real estate investment projects in Aspen and Boston, where she most recently opened The ‘Quin House, a private social club for Bostonians to meet, work and play. It is from this creative milieu that her inspiration for an immersive downtown living experience in Aspen was forged from an original 1963 brick building once owned by Francis Whitaker, an artistic blacksmith.
The reimagined property masterfully melds old and new, as well as the commercial and residential spaces. Mr. Whitaker’s iron-forging studio was preserved, as well as some of the metal jointing on the building’s exterior. The new design sought to unite 10,500 square feet across three levels – The Penthouse, The Rooftop, and The Lounge – with the entry-level commercial units, a private 2-car garage, elevator, and approximately 2,470 square feet of outdoor decks and terraces. “The idea is that you can live, work and play in a prime location right on the edge of Restaurant Row within the downtown core and steps from all Aspen’s best boutiques, galleries, and nightlife,” says Wells.
With the lines between hospitality and residential design blurred, the interiors of the penthouse strike a sophisticated tone with a warm neutral palette, layered textures, and curated art and furnishings. Eighteen-foot vaulted ceilings create a sense of volume as big views of Aspen Mountain impress from the dining and great rooms.
Three plush bedroom suites and a home office/study complete the main floor of the home. Below in The Lounge, the fun begins with a full range of amenities: a custom theatre, a golf simulator, and a billiards/ game room. A fitness area, sauna, massage room, and flex space for gear storage or a wine cellar also comprise the lower level.
The rooftop deck encompasses the building’s entire top level and features a counter-current endless pool, hot tub, outdoor kitchen – and 360-degrees of Aspen Mountain to Independence Pass to Mt. Sopris. “There is a park across the street so local zoning laws protect you from future development blocking your views,” notes Wells.
Debuting on the market at the end of April, Mountain Forge has already generated interest from several high-net-worth buyers. Wells predicts the next owner will be a wealthy domestic buyer, “who knows Aspen and understands the uniqueness of the location.” With Aspen’s housing inventory at historic lows, it could sell quickly. “Supply is down 60% year-over-year and condo inventory is down 83% year-over-year.”
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