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Revenge of the Megaprojects

Sales of residences at Snowmass Village's Viceroy hotel have perked up lately, with sale prices averaging $700 per square foot compared with their pre-market burst prices of $1,700-2,000. 20 of the 122 residences have sold since mid-December. The developer, Related Colorado, still has no plans to develop the unfinished base village, which it bought back from the banks for $90 million after the village and hotel went into foreclosure. [Aspen Daily News]