{"id":2455223,"date":"2020-03-02T00:00:00","date_gmt":"2020-03-02T07:00:00","guid":{"rendered":"https:\/\/www.aspentimes.com\/?p=321883"},"modified":"2020-03-02T00:00:00","modified_gmt":"2020-03-02T07:00:00","slug":"construction-of-new-bank-on-aspens-main-street-set-to-begin","status":"publish","type":"post","link":"https:\/\/alwaysmountaintime.com\/kspn\/local-news\/construction-of-new-bank-on-aspens-main-street-set-to-begin\/","title":{"rendered":"Construction of new bank on Aspen\u2019s Main Street set to begin"},"content":{"rendered":"<div class=\"swift-gallery p402_hide\" readability=\"6.6388888888889\">\n<ul id=\"imageGallery-321883-57\" class=\"gallery list-unstyled\">\n<li data-thumb=\"https:\/\/cdn.aspentimes.com\/wp-content\/uploads\/sites\/5\/2020\/03\/Anotherbank-atd-022720-1-150x150.jpg\" data-src=\"https:\/\/cdn.aspentimes.com\/wp-content\/uploads\/sites\/5\/2020\/03\/Anotherbank-atd-022720-1-1024x611.jpg\" data-sub-html=\"Courtesy rendering | An image of what a new bank building will look like at the corner of Main and Monarch streets. Construction begins March 1.\" class=\"h-100\" readability=\"-1.5\">\n<div class=\"caption\" readability=\"8\">\n<p><strong>An image of what a new bank building will look like at the corner of Main and Monarch streets. Construction begins March 1.<\/strong><br \/>Courtesy rendering<\/p>\n<\/div>\n<div class=\"row no-gutters h-100\">\n<div class=\"col my-auto\"> <img decoding=\"async\" src=\"https:\/\/cdn.aspentimes.com\/wp-content\/uploads\/sites\/5\/2020\/03\/Anotherbank-atd-022720-1-1024x611.jpg\" data-no-lazy=\"1\" alt=\"An image of what a new bank building will look like at the corner of Main and Monarch streets. Construction begins March 1.\"><\/div>\n<\/div>\n<\/li>\n<li data-thumb=\"https:\/\/cdn.aspentimes.com\/wp-content\/uploads\/sites\/5\/2020\/03\/Anotherbank-atd-022720-1-1-150x150.jpg\" data-src=\"https:\/\/cdn.aspentimes.com\/wp-content\/uploads\/sites\/5\/2020\/03\/Anotherbank-atd-022720-1-1-1024x530.jpg\" data-sub-html=\"Courtesy rendering | An image of what the Base2 Lodge would have looked like at the corner of Main and Monarch streets. Voters in 2015 shot the proposal down and a bank building will be constructed this year.\" class=\"h-100\" readability=\"-1\">\n<div class=\"caption\" readability=\"9\">\n<p><strong>An image of what the Base2 Lodge would have looked like at the corner of Main and Monarch streets. Voters in 2015 shot the proposal down and a bank building will be constructed this year.<\/strong><br \/>Courtesy rendering<\/p>\n<\/div>\n<div class=\"row no-gutters h-100\">\n<div class=\"col my-auto\"> <img decoding=\"async\" src=\"https:\/\/cdn.aspentimes.com\/wp-content\/uploads\/sites\/5\/2020\/03\/Anotherbank-atd-022720-1-1-1024x530.jpg\" data-no-lazy=\"1\" alt=\"An image of what the Base2 Lodge would have looked like at the corner of Main and Monarch streets. Voters in 2015 shot the proposal down and a bank building will be constructed this year.\"><\/div>\n<\/div>\n<\/li>\n<li data-thumb=\"https:\/\/cdn.aspentimes.com\/wp-content\/uploads\/sites\/5\/2020\/03\/Anotherbank-atd-022720-1-2-150x150.jpg\" data-src=\"https:\/\/cdn.aspentimes.com\/wp-content\/uploads\/sites\/5\/2020\/03\/Anotherbank-atd-022720-1-2-1024x682.jpg\" data-sub-html=\"Kelsey Brunner\/The Aspen Times | The Conoco gas station at 232 Main St. will be demolished in the next month to make way for a bank.\" class=\"h-100\" readability=\"-1.5\">\n<div class=\"caption\" readability=\"8\">\n<p><strong>The Conoco gas station at 232 Main St. will be demolished in the next month to make way for a bank.<\/strong><br \/>Kelsey Brunner\/The Aspen Times<\/p>\n<\/div>\n<div class=\"row no-gutters h-100\">\n<div class=\"col my-auto\"> <img decoding=\"async\" src=\"https:\/\/cdn.aspentimes.com\/wp-content\/uploads\/sites\/5\/2020\/03\/Anotherbank-atd-022720-1-2-1024x682.jpg\" data-no-lazy=\"1\" alt=\"The Conoco gas station at 232 Main St. will be demolished in the next month to make way for a bank.\"><\/div>\n<\/div>\n<\/li>\n<\/ul>\n<p class=\"caption-toggle\"><a href=\"https:\/\/www.aspentimes.com\/news\/local\/construction-of-new-bank-on-aspens-main-street-set-to-begin\/#\" class=\"show-captions\">Show Captions<\/a><a href=\"https:\/\/www.aspentimes.com\/news\/local\/construction-of-new-bank-on-aspens-main-street-set-to-begin\/#\" class=\"hide-captions\">Hide Captions<\/a><\/p>\n<\/div>\n<p class=\"STND-STND BodyText DropCap\">Construction is set to begin this week on a prominent corner in downtown Aspen on Main Street that will be the location of a bank.<\/p>\n<p class=\"STND-STND BodyText\">Landlord Mark Hunt and his development partner Centaur Construction are building on the former site of Conoco gas station at 232 E. Main St., and demolition and tank removal are scheduled to take a month, with construction of the new building to be completed by this fall and interior work through early 2021.<\/p>\n<p class=\"STND-STND BodyText\">Chase Bank will occupy the new building, which is designed as a contemporary interpretation of a mountain chalet.<\/p>\n<p class=\"STND-STND BodyText\">\u201cI\u2019m really excited about this building, more than any other in our portfolio,\u201d said Spiro Tsaparas, CEO of Centaur, who along with Hunt, are developing several properties in town, including the redevelopment of the <a id=\"N0x141ba50N0x1424a20:N0x141ba50N0x14132e0\" href=\"https:\/\/www.aspentimes.com\/news\/downtown-aspen-street-to-become-one-way\/\">Crystal Palace<\/a> into a boutique hotel on Hyman Avenue.<\/p>\n<p class=\"STND-STND BodyText\">The Main Street property, which Hunt bought for $6 million in 2014, was originally envisioned to be developed into a commercial building.<\/p>\n<p class=\"STND-STND BodyText\">But after Hunt was approached by then-Mayor Steve Skadron, who wanted to fill a niche of affordable accommodations in town, Hunt changed plans and designed a 37-room, three-story lodge.<\/p>\n<p class=\"STND-STND BodyText\">But a majority of Aspen voters shot down the proposal in 2015 after City Council <a id=\"N0x141ba50N0x1424a80:N0x141ba50N0x1413520\" href=\"https:\/\/www.aspentimes.com\/news\/aspen-voters-will-decide-on-base2-lodge\/\">referred a ballot question<\/a> that was initiated by a citizen\u2019s group, led by Councilman Ward Hauenstein prior to him being elected.<\/p>\n<p class=\"STND-STND BodyText\">The vote was instigated by a petition drive that successfully aimed to overturn City Council\u2019s variances given to the lodge. Those concessions included giving the lodge more than three times its allowable floor area for the site, 15,000 square feet, in addition to variances for employee housing and setbacks. However, the building met the allowable volume envelope requirements at the time, according to Tsapras.<\/p>\n<p class=\"STND-STND BodyText\">Hunt and his team <a id=\"N0x141ba50N0x1424ae0:N0x141ba50N0x14136d0\" href=\"https:\/\/www.aspentimes.com\/news\/hunt-doles-out-50000-for-base-2-campaign\/\">campaigned heavily<\/a>, spending about $50,000, but it wasn\u2019t enough to convince residents that a lodge was better than a commercial building.<\/p>\n<p class=\"STND-STND BodyText\">\u201cUnfortunately, all of our efforts of knocking on doors and campaigning did not yield a successful result for us,\u201d Tsaparas said. \u201cIt was a business decision to make it a bank.\u201d<\/p>\n<p class=\"STND-STND BodyText\">Instead of what could have been millions of dollars in sales tax revenue with a lodge and restaurant, the building will house what will be the town\u2019s eighth financial institution.<\/p>\n<p class=\"STND-STND BodyText\">Over 60% of the electorate <a id=\"N0x141ba50N0x1424b40:N0x141ba50N0x1413910\" href=\"https:\/\/www.aspentimes.com\/news\/mark-hunt-weighs-options-for-aspen-conoco-spot\/\">chose the commercial building over the lodge<\/a>, because they worried about density, traffic and where guests were going to park since onsite parking was not part of the proposal.<\/p>\n<p class=\"STND-STND BodyText\">The new building, which was approved by the city\u2019s Historic Preservation Commission in 2017, will be roughly 5,900 square feet and 21 feet tall.<\/p>\n<p class=\"STND-STND BodyText\">The two-story building is well below the allowed height limit and is designed to blend into Main Street\u2019s historic district, according <a id=\"N0x141ba50N0x1424ba0:N0x141ba50N0x1413ac0\" href=\"http:\/\/aspen.siretechnologies.com\/SIREPub\/mtgviewer.aspx?meetid=1535&amp;doctype=AGENDA\">to the application<\/a> filed with the historic commission by land-use planner Sara Adams.<\/p>\n<p class=\"STND-STND BodyText\">\u201cIt incorporates lively outdoor space to energize Main Street, and redefines the street corner,\u201d she wrote. \u201cThe proposed building is a fresh approach to new construction in the historic district that blends Victorian and modern by drawing inspiration from the gable forms of the historic Victorians and the deep overhang of the chalet style represented by the Cortina Lodge (next door).\u201d<\/p>\n<p class=\"STND-STND BodyText\">The corner lot also will have landscaped areas and sidewalks, creating a better pedestrian experience than what is currently there with the gas station parking lot.<\/p>\n<p class=\"STND-STND BodyText\">Hunt will mitigate for nearly eight full-time employees generated by the development, which he will do with housing credits.<\/p>\n<p class=\"STND-STND BodyText\">Chase, currently located in a Hyman Avenue Mall building Hunt and his investors own, is expected to move to Main Street next year.<\/p>\n<p class=\"STND-STND BodyText Tagline\"><a href=\"mailto:csackariason@aspentimes.com\">csackariason@aspentimes.com<\/a><\/p>\n<p><a href=\"https:\/\/www.aspentimes.com\/news\/local\/construction-of-new-bank-on-aspens-main-street-set-to-begin\/\" target=\"_blank\" rel=\"noopener noreferrer\">via:: The Aspen Times<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>An image of what a new bank building will look like at the corner of Main and Monarch streets. Construction begins March 1.Courtesy rendering An image of what the Base2 Lodge would have looked like at the corner of Main and Monarch streets. Voters in 2015 shot the proposal down and a bank building will [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49],"tags":[],"class_list":["post-2455223","post","type-post","status-publish","format-standard","category-local-news"],"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-08-18 12:49:43","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"KSPN The Valley&#039;s Quality Rock","distributor_original_site_url":"https:\/\/alwaysmountaintime.com\/kspn","push-errors":false,"_links":{"self":[{"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/posts\/2455223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/comments?post=2455223"}],"version-history":[{"count":0,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/posts\/2455223\/revisions"}],"wp:attachment":[{"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/media?parent=2455223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/categories?post=2455223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/tags?post=2455223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}