Brochure

Proposed Redevelopment
The Peak of Luxury Retail
534 East Cooper Avenue, Aspen, Colorado
17,200 sf of Divisible Retail Space
Aspen
Fashion, Culture & Wealth Converge
< Aspen is a year-round destination for celebrities, culture savvy tourists
< 50 billionaires on Forbes’ recent wealth list who own property or have stakes in the Aspen area
< Aspen is home to world renowned outdoor experiences, luxury resorts and world class shopping
< Retail sales in Aspen totaled approx $624 million in 2014
< 42% of Aspen visitors have an annual household income of over $200k
Proposed Redevelopment
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Minneapolis
A
NYC
Chicago
< Year-round tourism-related economic impact of over $578.6 million
Denver
San Francisco
Destination
Defying seasonality
< 88% of visitors stay overnight
Aspen
< 57% of visitors use air travel for at least part of their trip
< 35% fly into Aspen
< 19% fly into Denver
< 66% stay in Aspen
< The top states leading tourism: Colorado, followed by Texas, California, Florida, New York,
LA
and Illinois
Atlanta
< A strong international presence, with visitors from: Germany, the UK, Canada, Mexico, Australia,
Dallas
Japan, Brazil, France, Italy, and the Netherlands
Houston
Miami
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4
Spr
Spr
Cit
y
Pea
Frie
Isis
e
RT 82
S Spring St
Pure Barre
THE
Wind River Gallery
Little Annie’s
Poppycock’s
Nina McLamore
O2 Aspen
McHugh Gallery
B’Jewel
Toys
Morganthal Frederics
Little Boogie’s Kids
Piranesi Jewels
The Little Bird
Meridian Jewelers
De La Montagne
Rocky Mountain Chocolate
The North Face
S Mill St
Rubey Park Transportation Center
Filson
FedEx
Roots Canada
S Original St
Gorsuch Ltd.
Dennis Basso
Mountain Chalet
Aspen Sports
North of Nell Condominiums
< Over $100 million in clothing and sports equipment
< Combined net worth totaling over $242 billion
< Combined value of their local personal property tops $741 million
< Known as “The Aspen 50,” the roster includes: Charles & David Koch, Jeff Bezos, Michael Dell
and John Paulson
surpassing the Hamptons, Beverly Hills and Palm Beach
E Dean St
R ESIDENCES
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< The median price for single-family homes in Aspen is among the highest in the country at $4.6 million,
E Dean St
Aspen
< Over $29 million in luxury goods
< Aspen residential real estate commands the highest value-per-square-foot in America
E Durant Ave
Hyatt Grand Aspen Ice Rink
< 50 billionaires call Aspen home:
E Cooper Ave
Wagner Park
Most
Discerning Retail Clientele
< Aspen retail revenue totaled over $623 million in 2014
Chateau Aspen
Henry Beguein
me
ash
oC
E. Cooper
re
534
nric
520 Grill
Chequors
S Monarch St
Information Kiosk
Little Ollie’s
Zane’s Tavern
La Palapa
Ma
Crazy Shirts
The Wild Fig
The Cigar Bar
Prospector Condos
Cos Bar
Art Museum
E Hyman Ave
e
S W End St
S Hunter St
Twinkle Kids
Lod
ge
Elk
Van Cleef & Arpels
Marmot
Sugar Sweet Clothing
S Galena St
Zadig & Voltaire
Frette
David Burke Kitchen
Wesc
Helmut Lang
Intermix
Aspen Times
S Mill St
Franck Thirion Cafe
Campo De Fiori
Jimmy’s Rest & Bar
Courage.b
Yves Salomon
E Hopkins Ave
AT
T HE L ITTLE N ELL
N
Waters Ave
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8
New Heights
of Luxury
534 East Cooper Avenue represents an unprecedented corner retail
opportunity in the heart of Aspen. Once home to Boogie’s Diner, a
neighborhood icon for over 15 years, 534 E. Cooper’s divisible space
boasts over 17,200 square feet on three floors and 166 feet
of wraparound frontage. The property is undergoing major
renovations, doubling its street presence and updating its finishes
for 2016.
Boogie’s Valentino
Diner, Pre-Renovation
Possible Interior Layout Configuration
9
10
South Hunter Street
East Cooper Avenue
Single Tenant Plans
Ground
11
Single Tenant 6,300 sf 166 ft of Frontage
12
South Hunter Street
East Cooper Avenue
2nd
13
Single Tenant 6,300 sf
Lower LeVeL
Single Tenant 4,600 sf
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South Hunter Street
344 sf
front. 10’ 1.5”
2,851 sf
Divided Floor Plans
1,808 sf
East Cooper Avenue
frontage 126’ 7”
frontage 24’ 7.5”
577 sf
Ground
15
Divided, Additional Divisions Considered
6
16
South Hunter Street
2,397 sf
East Cooper Avenue
753 sf
2nd
17
Divided, Additional Divisions Considered
2,780 sf
Lower LeVeL
4,600 sf, Additional Divisions Considered
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THE
Most
Desirable Town in America
< On Average visitors stay in Aspen 5 consecutive nights
< Visitor age:
25-3414% 45-5422%
35-4422% 55-6521%
< Median household income compared
The St. Regis Aspen Resort
The Little Nell
Aspen Visitor$148,000
LA – Brentwood
$148,585
NYC - Soho Resident
$101,004
LA – Beverly Hills
$86,141
NYC - UES Resident
$118,700
FL – South Beach
$111,065
$519.80 5 nights
2014 Avg Daily
Lodging Rate
19
Avg Length of
Visitor Stay
20
All Season Experiences
PARADISE
Fashion Events
Food Festivals
For All Seasons
Annual Events
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Classic Winter Sports
Attractions
< The Food & Wine Classic
< Wanderlust Festival
< Luxury Shopping
< Horseback Riding
< Camping
< Trout Fishing
< Winter X Games
< Jazz Aspen Snowmass
< Gourmet Dining
< Skiing & Snowboarding
< Natural Flora & Fauna
< 300 Days of Sunshine Yearly
< Aspen Fashion Week
< Aspen Ideas Festival
< Whitewater Rafting
< Art Galleries
< Maroon Bells
< Theatre Aspen
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Thor
Equities
For More Information Contact
Kathleen London
Director of Leasing
212-529-5766
klondon@thorequities.com
Although all information furnished regarding this property is from sources deemed
reliable, such information has not been verified, and no express representation is
made nor is any to be implied as to the accuracy thereof and it is submitted subject
to error, omissions, change of price, rental or other conditions, prior sale, lease or
financing, or withdrawal without notice.