What could have become yet another multimillion-dollar single-family house on a historic Aspen lot will instead become the home of five local families, thanks to a marketplace that makes it worthwhile for a developer to build subsidized workforce housing.
It’s a project that the previous longtime property owner, the late Aspen Times columnist Su Lum, would most likely approve of. that she lived in at 1020 E. Cooper Ave. will be preserved as a historic asset and converted into two of five proposed housing units.
The two- and three-bedroom condos will be sold to local employers to rent to their employees, according to the project’s developer, Jim DeFrancia.