New owner converting shuttered Highlands school to offices

escuela

The school building fronting Federal Boulevard in the Highlands was sold for $3.85 million. (BusinessDen file photo)

A shuttered private school in the Highlands has been sold, and the new owner plans to convert the building into offices.

Alpine Investments Denver purchased 2949 Federal Blvd., the former site of K-12 school Escuela Tlatelolco, this week for $3.85 million, according to property records.

Alpine owner Churchill Bunn said his firm plans to spend between $500,000 and $750,000 to renovate the 20,700-square-foot building, not counting the cost of tenant improvements.

Bunn said Alpine initially will target medical users. He said tenant improvements could begin as early as first quarter 2018.

“The Highlands area is only getting better and better,” Bunn said. “This building had really good bones.”

Alpine’s other projects include a 48-unit condo development scheduled to break ground in March at 17th and Central streets.

The Federal Boulevard property, previously owned by the school, was listed in May for $4.25 million. A month later, the price was reduced to $3.95 million.

Chicano activist Rodolfo “Corky” Gonzales started Escuela Tlatelolco at 1571 Downing St. in 1971. His daughter Nita later took over and relocated to Federal Boulevard.

Property records indicate the school purchased the property in 1995 for $610,000.

The school closed at the start of July, a year after Denver Public Schools pulled a contract that accounted for 75 percent of its funding.

Michael Glade, a board member with Escuela Tlatelolco, said the organization has been focused on selling the property so it can pay creditors. Once that is taken care of, he said, the organization will ponder its future.

Glade said that could take the form of opening a “much smaller” school in the region, or providing scholarships for low-income Hispanic students.

“It’s a new chapter,” he said.

escuela

The school building fronting Federal Boulevard in the Highlands was sold for $3.85 million. (BusinessDen file photo)

A shuttered private school in the Highlands has been sold, and the new owner plans to convert the building into offices.

Alpine Investments Denver purchased 2949 Federal Blvd., the former site of K-12 school Escuela Tlatelolco, this week for $3.85 million, according to property records.

Alpine owner Churchill Bunn said his firm plans to spend between $500,000 and $750,000 to renovate the 20,700-square-foot building, not counting the cost of tenant improvements.

Bunn said Alpine initially will target medical users. He said tenant improvements could begin as early as first quarter 2018.

“The Highlands area is only getting better and better,” Bunn said. “This building had really good bones.”

Alpine’s other projects include a 48-unit condo development scheduled to break ground in March at 17th and Central streets.

The Federal Boulevard property, previously owned by the school, was listed in May for $4.25 million. A month later, the price was reduced to $3.95 million.

Chicano activist Rodolfo “Corky” Gonzales started Escuela Tlatelolco at 1571 Downing St. in 1971. His daughter Nita later took over and relocated to Federal Boulevard.

Property records indicate the school purchased the property in 1995 for $610,000.

The school closed at the start of July, a year after Denver Public Schools pulled a contract that accounted for 75 percent of its funding.

Michael Glade, a board member with Escuela Tlatelolco, said the organization has been focused on selling the property so it can pay creditors. Once that is taken care of, he said, the organization will ponder its future.

Glade said that could take the form of opening a “much smaller” school in the region, or providing scholarships for low-income Hispanic students.

“It’s a new chapter,” he said.

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 [email protected].

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.

EACH MEMBERSHIP WILL ONLY FUNCTION ON UP TO 3 MACHINES. ACCOUNTS ABUSING THAT LIMIT WILL BE DISCONTINUED.

FOR ASSISTANCE WITH YOUR MEMBERSHIP PLEASE EMAIL [email protected]




Return to Homepage

POSTED IN Commercial Real Estate

Editor's Picks

One response to “New owner converting shuttered Highlands school to offices”

Leave a Reply

Your email address will not be published. Required fields are marked *