RH is on a mission to colonize luxury cities. In Aspen, residents are drawing the line, by Air Mail's Emilia Petrarca. Also, news from NYC and Los Angeles
The delayed construction of Restoration Hardware's Aspen development is undoubtedly a cause for concern among local residents and business owners. The company's ambitious plan to create a multi-use "ecosystem" in the heart of the city was seen by many as a promising sign of growth and economic development. However, the fact that construction has only started on two of the three properties, with the hotel and spa delayed, is undoubtedly disappointing.
It remains to be seen what factors may have contributed to the delay, whether they are related to COVID-19 pandemic restrictions or other issues. Nonetheless, it is important for Restoration Hardware to keep local stakeholders informed about their progress and any potential setbacks, and to work closely with the community to ensure that the development ultimately benefits everyone involved.
It is also worth considering the broader implications of this situation. As more and more companies look to invest in real estate and other large-scale development projects, it is important to balance the potential benefits with the potential risks and challenges. Projects like Restoration Hardware's Aspen development have the potential to drive economic growth and create new jobs, but they must be undertaken with careful consideration for the needs and concerns of the local community. Ultimately, the success of such projects depends on a collaborative approach that takes into account the perspectives of all stakeholders involved.