The construction of a 109-unit building at the Aspen Airport Business Center could soon begin.

Aspen City Council will decide on March 24 if it will tie up financial documents needed to begin construction for the first building of the Lumberyard affordable housing project, a three-building, $360 million, 277-unit workforce housing development. The Lumberyard site is located across Colorado Highway 82 on the upvalley side of the Aspen Airport Business Center.

Aspen Capital Asset Director Robert Schober said in a Monday work session that the city and Gorman & Company - the contractor that will build and manage the development, once finished - are on track to finish the financial closing for the first, 109-unit building and preliminary infrastructure work by late-March or early-April.

Read More on The Aspen Times >>

Photo: The late-winter sun shines down upon the site of the Lumberyard affordable housing development on Wednesday. Construction of the first Lumberyard building may begin this spring.
Skyler Stark-Ragsdale/The Aspen Times