THE PHASE ONE BUILDING PERMIT IS IN HAND. CONSTRUCTION SHALL START 10/7/2019. This redevelopment property has all the final land use approvals. The approvals are for eight, two-bedroom deed restricted, rental units. These approved, voluntary units qualify for the City of Aspen Certificate of Affordable Housing Credits Program. Based on the 2018 Fee-in- Lieu guidelines, the value of the Category 3 certificates generated from the project is $5,517,874. This is either a long term, income producing investment or sell the individual deed restricted, rental units at unrestricted prices. The seller, a long time local architect, has completed the most difficult and time consuming part of the approval process.