Architect struggles to collect $2.5M for planned Keystone hotel, condo development

A rendering of the One River One development. (Courtesy of Oz Architecture)

Denver architecture firm Oz is chasing a $2.5 million fee for design work to turn a 4-acre parking lot into a new resort at the base of the Keystone River Run gondola.

Oz last week sued the developers of One River Run — a planned hotel and condo project with commercial space — for a foreclosure of a mechanic’s lien. Oz filed a mechanic’s lien in Summit County on Oct. 23, according to the lawsuit.

Mechanic’s liens are a way for vendors to prevent a property from being sold until they are paid.

“Oz furnished architectural services in excess of a reasonable value of $2,563,308 to ORR for which it has not been paid and for which such services have been accepted and used,” the lawsuit claims.

The parking lot at the base of the Keystone River Run Gondola on Jan.1 2021.

In a join written statement, Oz principal Rebecca Stone told BusinessDen that her RiNo-based firm and One River Run Acquisition are cooperating on design and construction and aim to finish on time.

“The lawsuit filed in Summit County District Court was filed to comply with Colorado mechanics lien statutory deadlines,” Stone wrote, adding, “Oz and One River Run expect the payment dispute to be resolved shortly and continue to work cooperatively toward that goal.”

The project has been planned for 20 years, according to Oz’s website.

River Run Acquisition, managed by Ryan Geller, Jeff Geller, Shervin Rashidi and Scott Russell, purchased the parking lot in 2019 from Vail Resorts. Summit County land records do not list a price but list the assessment of the land at $4.1 million.

Scott Russell did not return an email seeking additional information.

Oz is represented by Max Stich at the Denver firm Tiemeier & Stich.

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