WHAT IS HAPPENING TO MINTURN’S DOWNTOWN?
A lot of downtown Minturn changed hands recently as the Morgan Reed Group purchased several buildings in the 100 block of Main Street in the sleepy Town of Minturn; just around the corner form Vail. The Morgan Reed Group owns residential, commercial, retail and industrial properties in the Northeast, Southeast and the Western United States.
Of course, there are always concerns when a “mega-corporation” buys property in a small town. Mostly, the concerns are about retaining the “character” of the town; and, that is no less so than in the mountain hamlet of Minturn, where small “mom-and-pop” retail stores and restaurants abound.
However, the Morgan Reed Group also owns a piece of property in Buena Vista, another iconic small town in Colorado. And, if the Groups handling of the Mount Princeton Hot Springs is any indication, the Town Fathers of Minturn have little to fear.
To read more about the sales of property in Minturn to the Morgan Reed Group, who it affects and how they have handled other properties, click here: https://www.vaildaily.com/news/most-of-minturns-downtown-was-recently-sold-to-a-real-estate-holding-company/