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THE MUSE BUILDING

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H y m a n

A v e n u e

A s p e n ,

C O

Lex Tarumianz • 970-618-5648 C • alexis.tarumianz@sothebysrealty.com


The Muse Building

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Accolades for Ike Kligerman Barkley • • • •

Member of the Architectural Digest 100 list since 1995 New York Chapter AIA Honor Award DDB Stars of Design Award Julia Morgan Award from the ICAA for Commercial / Institutional work for the Stanford Institute for Economic Policy Research building


O V ERVIEW 1. The Muse building, designed by the architecture firm Ike Kligerman Barkley is slated for tenant occupancy August 2014.

2. Located next to the new 33,000 square-foot Aspen Art Museum, designed by Shigeru Ban, who was recently awarded the 2014 Pritzker Prize - “architecture’s Nobel”.

The Muse building features three levels of commercial space that are perfect for gallery, showroom or retail use. • 2,500 sq. ft. basement • 3,200 sq. ft. ground floor • 5,100 office sq. ft. second floor


A SPE N

a unique town

“…articles about Aspen that appeared in national print and online outlets had a total of 1.6 billion people looking at them.”  ~ Julia Theisen, VP Sales & Marketing, Aspen Chamber Resort Association.


{ STATS & FACTS HHI (2012) 42% =$200k+

The median listing price for homes or condos for sale in Aspen is $4,570,633 (“Aspen Real Estate Overview” Market Trends for Aspen. November 3, 2013)

Population of Aspen (full-time) 6,615 (2011, Aspen Chamber Resort Association)

Visitors July & August bring 19,000 visitors/day January brings in 16,000 visitors/day

(Based on “24-hour day” visitors; figures do not account for tourists visiting for shorter durations.)

Luxury Goods Retail Sales Year To Date - December 2013 - $24,694,617 December 2013 Retail Sales - $4,139,680 Luxury Goods totaled 3,825,024 in January 2014 Retail sales for July 2013 totaled $60.1 million (Sept. 4, 2013 Aspen Times)

Socio-economic trends predicted from the City of Aspen’s Aspen Sustainability Report: • Aspen market shift to very high end consumer • A shift in retail offerings to higher-end stores • Renewed vigor of aspen cultural institutions In 2013 Aspen was awarded the Colorado Creative Industries Governor’s Arts Award. Revenues from top 5 non-profits in 2011 • • • • •

Aspen Art Museum $10,739,263; Aspen Music Festival $7,673,803 Jazz Aspen Snowmass $6,413,015 Anderson Ranch $4,273,081 Aspen Santa Fe Ballet $3,871,381

(“Giving Big: Aspen-area non-profits and their economic impact.” Aspen Journalism, January 17, 2014)

March 31, 2014 Occupancy and Revenue Stats Occupancy rises to 74.1% (+6.5% increase over March, 2013) A record gain over prior record ever in March 2008 of 71.6% As of March 31, 2014, revenue gain of 12.8% compared to 2013 for the months of May through October. (Recorded by MTRiP / Destimetrics)


H Y M A N AV ENU E S TR E E T S C AP E

A

ll great cities and towns are best explored on foot. There’s no better place to begin Aspen a pied than at the new Shigeru Ban-designed Aspen Art Museum and The Muse building next door. The $26 million dollar Aspen Art Museum is a stamp of Aspen’s economic resilience and prosperity. It seals Aspen’s status as an unparalleled resort destination with global attraction. Aspen has always been one of the world’s premier destinations for recreation, shopping, and arts and culture. Now, with the revitalization of Hyman Avenue, the possibilities are endless. The Muse building, designed by architects Ike Kligerman Barkley, presents a sleek, contemporary façade. With floor-to-ceiling windows facing the street, it is an ideal showroom for art, design, and luxury retail goods.

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The building references the European Alpine Deco buildings of the 1930s, namely those of Henry Jacque La Meme, while using materials indigenous to Aspen – brick, copper, wood and steel.

The Shigeru Ban-designed Aspen Art Museum is a testament to Aspen’s future as a premier arts and culture; leisure and shopping destination for affluent visitors worldwide.

With Aspen Mountain as the stunning backdrop and the gondola just minutes away, Hyman Avenue is positioned to be the epicenter for shopping, arts and culture in one of the world’s most coveted resort market destinations.


It’s an evolution that defines the Aspen

experience.

Walk West along Hyman Avenue and arrive at the new Aspen Core Development and the distinctive and historically-rich Benton and Little Annies Buildings. The former studio, gallery and home of Aspen artist and architect Tom Benton will be redeveloped and restored to its original historical and architectural integrity. The Little Annies building will undergo a complete overhaul. Both of these iconic landmarks are steps away from such luxury retailers as Dior, Gucci, Prada, Manrico, James Perse, and Moncler. The Baldwin Gallery, Casterline Goodman Gallery, as well as Galerie Maximillian are also nearby, featuring the works of “blue chip” contemporary artists.

The Hyman Avenue transformation adds charm, culture, and energy to Aspen’s brand as a high-end resort destination market.


ASP


PE N

a unique luxury market

“Aspen sales tax revenue up 9 percent in March,” Aspen Daily News, May 6, 2014”

There is only one Aspen. Decades after the founding fathers christened Aspen a mecca for melding Body, Mind and Spirit, Aspen continues to draw the most influential and affluent demographic accustomed to an extraordinary lifestyle. Aspen embodies a small town “feel” with big city amenities. International in scope; sophisticated, it is a crossroads of art and culture, pristine wilderness and backcountry adventure. It’s not everyday that visitors can experience the beauty of nature during the day and begin the evening with a five star culinary experience followed by an intimate evening of jazz or classical music. But this is Aspen’s draw. Nothing compares. It’s why, despite economic fluctuations, Aspen’s economy is growing and tourism is strong. Whether the lure is deep powder, high-end shopping, the world-renown Aspen Music Festival or the intellectual offerings at The Aspen Institute, Aspen is a community that nourishes the mind, body and spirit of its citizens as well as its visitors. It continues to be one of the top destinations for sophisticated travelers.


E Main St

ASPEN’S DOWNTOWN CORE Commercial Map

Henry Beguelin 614 East Cooper Manrico Cashmere 316 S Hunter St

Louis Vuitton 205 S Mill

E Hopkins Ave

Pierre Famille 600 East Cooper

J Crew 205 S Mill

James Perse 312 S Hunter Street

Caribou Jewels 431 E Hopkins Peter Lik Gallery 406 E Hopkins

Yves Salomon Maison Ullens 445 E Hopkins 200 S Mill

Courage B 205 S Mill

Zadig & Voltaire 218 S Mill

Distractions Christian Dior Dolce 465 E Hopkins 201 Galena 204 S Gucci 203 S Gal

Buccellati 441 E Hopkins

Aspen Art Museum 635 Hyman Ave

Frette 220 S Mill

Prada 312 S Galena

Ermenegildo Zegna 211 S Galena

Baldwin Ga 209 S Gale

MONCLER 432 E HYMAN

S Galena St.

Louis Vuitton 205 S Mill Zadig and Voltaire 218 S Mill St.

S Galena St.

Loro Piana 316 S Galena

Bandana 107 S Mill

S Mill St.

Ralph Lauren 501 East Cooper

S Monarch St.

Brunello Cucinelli 508 East Cooper

Lululemon 103 S Mill

E Hyman Ave

Gallerie Maximillian 602 E Cooper Ermenegildo Zegna 211 S Galena St. Baldwin Gallery 209 S Galena

Loro Piana 316 S Galena

Gucci 203 S Galena

Distractions 465 E Hopkins Maison Ullens 445 E Hopkins Ave Buccellati 441 E Hopkins Ave Caribou Jewels 431 E Hopkins Ave Yves Salomon 200 S Mill Street

S Monarch St.

Christian Dior 201 S Galena

rk a P er

n g a W

The North Face 405 E Cooper

Rocky Mountain Choc 401 E Cooper

Marmot 408 E Cooper

Ralph Lauren 501 E Coope

525 E Cooper Meridian Jeweler Barton Perreira Piranesi Jewels

Frette 220 S Mill Street

Lululemon 103 S Mill

E Durant Ave

Bandana 107 S Mill J Crew 205 S Mill

E Dean St.

S Mill St.

Courage B 205 S Mill

E Durant Av

E Dean


E Main St Peter Lik Gallery 406 E Hopkins Moncler 432 E Hyman

& Gabana S Galena

i lena

S Spring St.

Theory 204 S Galena

E Hopkins Ave

Theory 204 S Galena

allery ena

Dolce and Gabanna 204 S Galena Burberry 501 East Hyman Marmot 408 E Cooper Pure Barre 620 E Hyman iPro Center 520 Hyman Nina McLemore 611 E Cooper

Pure Barre 620 E Hyman

S Hunter St.

iPro Center 520 E Hyman

Casterline Goodman Gallery 611 E Cooper McHugh Gallery 607 East Cooper

Muse Building

E Hyman Ave

Burberry 501 E Hyman

Aspen Art Museum 635 Hyman

O2 Aspen 605 E Cooper Nuages 601 E Cooper Filson 402 S Hunter

Manrico Cashmere 316 S Hunter

James Perse 312 S Hunter

E Cooper Ave

Peirre Famille 600 E Cooper Nuages 601 East Cooper

Gallerie Maximilliam 602 E Cooper Casterline Goodman 611 E Cooper

Filson 402 S Hunter

n er

Morgenthal Fredericks 533 E Cooper

Henry Beguelin 614 E Cooper

Brunello Cucinelli 508 E Cooper Morgenthal Fredericks 533 E Cooper

Performance Ski 614 Durant

Meridian Jewelers 525 E Cooper

Nina McLemore 611 E Cooper

McHugh Gallery 607 East Cooper

O2 Aspen 605 East Cooper

rs

S Spring St.

Prada 312 S Galena

Barton Perreira 525 E Cooper Piranesi Jewels 525 E Cooper Malo 520 E Durant Dennis Basso 631 E Durant Gorsuch 631 E Durant Starbucks 555 E Durant

520 E Durant Malo

ve 555 E Durant Starbucks

Dennis Basso 631 E Durant

n St.

501 E Durant Bonnie Young

Gondola

Bonnie Young 501 E Dean St

E Durant Ave S Spring St.

Performance Ski 614 Durant

The North Face 405 E Cooper Rocky Mountain Choc 401 E Cooper


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MUSE


ASPEN

A UNIQUE LIFESTYLE EXPERIENCE


THE MUSE BUILDING 6 2 5

H y m a n

A v e n u e

A s p e n ,

C O

Leasing Contact:

Lex Tarumianz Broker Associate: Aspen Snowmass Sotheby’s International Realty 970-618-5648 C • alexis.tarumianz@sothebysrealty.com

4 1 8 E . C o o p e r Av e . S u i t e 2 0 7 • A s p e n , C O 8 1 6 1 1

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