The Gant Aspen Renovation: What Owners, Buyers & Sellers Need to Know
Stephanie Kroll
Stephanie Kroll
One of Aspen's most iconic condominium resorts is entering its most significant transformation in decades.
Homeowners at The Gant have officially voted to approve a $63.5 million Campus Improvement Plan — a comprehensive renovation focused on wildfire resilience, infrastructure modernization, and long-term property value protection. Over 90% of owners participated in the vote, with 64% approving the plan.
If you own a unit at The Gant, are considering buying one, or are thinking about selling, the renovation changes the calculus significantly, and in different directions depending on your situation.
Here's a clear breakdown of what's happening, what it costs, and what it means for you.
The $63.5 million Campus Improvement Plan is financed in part through a special assessment charged to current unit owners. The total assessment amount varies by unit size and configuration. Still, it is material — large enough to be factored into any buying or selling decision as part of the true cost of ownership.
HOA dues at The Gant currently average $50,000+ annually, depending on unit size. The special assessment is a separate, additional obligation layered on top of regular HOA fees for owners who hold through the renovation period.
If you are a current owner, this is the most pressing question — and the answer depends on three factors working together:
1. The special assessment. Selling before the assessment is formally allocated means transferring that financial obligation to a buyer, who will underwrite it into their offer pricing. The assessment alone is significant enough to materially affect the net economics of holding versus selling now.
2. Lost rental income. The Gant is expected to be temporarily closed from April 2027 through approximately June 2028 — a gap of over 14 months. For owners who rely on rental income to offset carrying costs, that is a meaningful loss. Selling before the closure avoids that income gap entirely.
3. Personal use downtime. For owners who use The Gant as a personal residence, the closure period means losing access to your Aspen property during what may be some of your most valued time. For many owners, that is not an abstract concern.
Sellers who move this summer are deciding with a clear financial rationale — not simply a market timing bet. If you are on the fence, it is worth modeling all three factors together before deciding to wait.
The case for buying at The Gant right now is real, but it requires going in with a clear picture of what you are actually acquiring.
What the hesitation is creating. The uncertainty surrounding the assessment, the closure timeline, and near-term rental income has introduced negotiating conditions and pricing dynamics that are unlikely to survive the renovation. For buyers with a longer horizon and the financial capacity to absorb the assessment, this is a meaningful entry window.
What you need to underwrite. The special assessment is not optional, and it is not a separate line item to think about later. Buyers should treat it as part of the true acquisition price. The same applies to the rental income gap. If you are buying with income expectations in the near term, or planning regular personal use starting soon, the timing does not work.
What you are buying into. Post-renovation, The Gant will be a fundamentally different asset. Full-service, professionally managed properties in walkable Aspen Core locations with strong rental histories and resort amenities do not often come available — and they do not stay mispriced long once uncertainty clears. Buyers who can tolerate the interim period are acquiring at current pricing against a materially improved future asset.
The Campus Improvement Plan centers on wildfire resilience and long-term durability, with upgrades across both exterior systems and shared amenities.
Exterior and structural upgrades include:
These materials were selected for fire resistance and for reduced long-term maintenance, improved insulation and energy performance, and improved visual cohesion across the property. The architectural character of The Gant is being preserved throughout the design process.
Amenity and safety improvements include:
The renovation reflects the broader pressure facing mountain resort communities across Colorado — from evolving wildfire risk, tightening insurance underwriting standards, and the need to maintain competitiveness with newer luxury inventory.
The renovation is planned to occur in a single coordinated phase rather than a multi-year phased approach, which was a decision made to minimize long-term disruption.
Projected construction timeline:
Reservations are expected to resume for Summer 2028 following completion.
HOA dues at The Gant average $50,000+ annually, depending on unit size and individual assessments.
HOA fees cover:
HOA amenities include:
As of early spring 2026, are currently 10 Gant Aspen units listed for sale, each advertising the upcoming special assessment as part of the listing disclosure. The mix of available units spans a range of sizes and configurations.
Mountain communities across Colorado are facing accelerating pressure from wildfire risk, evolving building codes, and insurance carriers re-evaluating coverage on legacy properties. For a 50-year-old resort like The Gant, proactive action was not a luxury — it was a necessity to protect insurability and long-term market positioning.
Properties that complete major improvement cycles in Aspen's condo market have historically followed a recognizable pattern: assets acquired before the work is complete tend to look smart in hindsight, as the buyer pool expands and pricing adjusts to reflect a product that did not previously exist at that address. The Gant post-renovation will be a meaningfully different conversation than The Gant today.
Whether you are an owner, a buyer, or simply someone tracking the Aspen Core condo market, this is a project worth understanding closely.
If you are a current owner running the numbers on whether to sell, a buyer evaluating whether this is the right window to get in, or someone exploring short- or long-term rental options at The Gant, I am happy to walk through the specifics with you.
Stephanie Kroll
Avant Garde Aspen | Compass
303-345-5886
[email protected]
The picture here is nuanced, but it becomes clear quickly once you lay it out. Reach out and let's talk through your situation.
The Gant Aspen Renovation: What Owners, Buyers & Sellers Need to Know
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