Talk about a comeback.
A project that likely will be the last large residential development in Basalt broke ground this month 12 years after the Great Recession knocked it to the back burner.
A company called MSP Development Group will build 64 apartments in four buildings and sell 49 single-family home and duplex lots in a project known as Stott’s Mill. The 18-acre site is between the Southside neighborhood and Basalt High School.
It’s one of the last large, undeveloped parcels in Basalt, said Stefan Peirson, a real estate adviser with Engel & Volkers Aspen, the firm with the exclusive listing for the residential lots.