Half-acre plot in Cherry Creek fetches $13M

BMC Investments recently bought a lot that houses a 19,000-square-foot building in Cherry Creek.Photo by Burl Rolett.

BMC Investments recently bought a lot that houses a 19,000-square-foot building in Cherry Creek.Photo by Burl Rolett.

A Cherry Creek developer that has invested $170 million into the posh neighborhood just snatched up another corner lot.

BMC Investments bought about 0.5 acres of land at Second Avenue and St. Paul Street this week for $12.97 million, city records show. The property includes a two-story building totaling about 19,030 square feet.

Men’s clothing store DXL previously had a store at 210 St. Paul St. The 9,700-square-foot shop opened in 2011 and shut down in late summer 2015. DXL moved into the space after boutique Andrisen Morton Women closed in the summer of 2009.

The building is about 35 years old.

BMC Investments opened its $100 million Steele Creek apartment building at First Avenue and Steele Street in April and has a $70 million hotel project under construction at 245 Columbine St.

Matt Joblon, BMC Investments CEO, did not return phone messages seeking comment on the deal on Tuesday.

BMC Investments recently bought a lot that houses a 19,000-square-foot building in Cherry Creek.Photo by Burl Rolett.

You must be a member to access BusinessDen's exclusive reporting.

Your subscription has expired. Renew now by choosing a subscription below!

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING AARON@BUSINESSDEN.COM.

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.




Return to Homepage

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments