Development Update: 820 Park Ave (Rio Grande)

The old Rio Grande train depot parcel and the depot building itself have been a massive construction site for the last year as the developers ready the space for 10 new condos and a ski-in/ski-out plaza. The project is finally nearing completion, with rumors of a Certificate of Occupancy as early as the end of February, and the closing of all 10 units possibly as early as mid-March.

820 Park Ave - 2_11_16
Click to see this location on a map. Of course, 820 Park Ave is literally at 820 Park Ave, so if you know where Park Ave is you’re in good shape.

This is a fun time to look at the original renderings and see how close things are to the concept designs:

exterior-rio-grande-slide-show-1102x519-200kb
(Courtesy of http://www.820ParkAve.com and Summit Sotheby’s International Realty)

The new building houses 10 condos, 1-4 bedrooms at 940-2600 sq ft, and original developer pricing ran from $550,000 to $2,400,000. Gourmet kitchens, heated bathroom floors, garage, private decks or patios per unit. As you might imagine, all of these units were snatched up almost immediately (I mean seriously, the ski access is crazy: Town Lift to your plaza, then down the hall to your room), but there is rumor of some owners considering re-selling their units as soon as they close. One such rumor is for a 2-bd, which the sellers may be willing to sell around $1,500,000.

It’s always a touchy subject, balancing development with the historic elements of my dear mining town. The reality is that building is going to happen, so we look to encourage the most respectful repurposing possible. So you know I got a kick out of this sign on the construction site explaining the fate of the old Rio Grande depot building.

820 Park Ave - Rio Grande Depot Building

If you’d like to keep an eye out for one of these resales let me know!

 

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