Former elementary school in the Golden Triangle back under contract

evansschool

The sale would include large parking lots to the north, northeast and west of the Evans School. (Thomas Gounley)

A different apartment developer has taken a liking to a former elementary school — and the massive parking lots that surround it — in the Golden Triangle.

Lennar Multifamily Communities is under contract to purchase the three-story school building at 1115 Acoma St. as well as parking lots to the north, east and west, according to sources familiar with the deal.

The deal is still months from closing, these sources said.

A local Lennar executive did not respond to a request for comment. The property is being marketed by Evan Makovsky of NAI Shames Makovsky and Darrin Revious of Pinnacle Real Estate Advisors. Revious declined to comment, and Makovsky did not respond to an email.

Washington-based Holland Partner Group was previously under contract to purchase the property, but that deal fell apart last year.

evans school entrance

The school and parking lots are currently owned by Continuance LLC. (Thomas Gounley)

The school was built in 1904 and used for nearly 70 years. Like Mount Evans, it is named after John Evans, governor of the Colorado territory from 1862 to 1865.

The school and parking lots are currently owned by Continuance LLC, which is affiliated with the Eber family. Brothers Richard and Alan Eber purchased the school from Denver Public Schools in 1974 for $620,000, according to a Westword report. The building sat vacant for decades, prompting criticism from some who wanted the structure repurposed.

Lennar is familiar with the Golden Triangle. The company paid $18.5 million last year for a large site just a block away, where it plans to build two apartment towers.

The company would be looking to do something similar with the lots surrounding the Evans school. The school itself is on the National Register of Historic Places.

Lennar owns four apartment complexes in the Denver area, including Radiant at 2100 Welton St., according to the company’s website.

evansschool

The sale would include large parking lots to the north, northeast and west of the Evans School. (Thomas Gounley)

A different apartment developer has taken a liking to a former elementary school — and the massive parking lots that surround it — in the Golden Triangle.

Lennar Multifamily Communities is under contract to purchase the three-story school building at 1115 Acoma St. as well as parking lots to the north, east and west, according to sources familiar with the deal.

The deal is still months from closing, these sources said.

A local Lennar executive did not respond to a request for comment. The property is being marketed by Evan Makovsky of NAI Shames Makovsky and Darrin Revious of Pinnacle Real Estate Advisors. Revious declined to comment, and Makovsky did not respond to an email.

Washington-based Holland Partner Group was previously under contract to purchase the property, but that deal fell apart last year.

evans school entrance

The school and parking lots are currently owned by Continuance LLC. (Thomas Gounley)

The school was built in 1904 and used for nearly 70 years. Like Mount Evans, it is named after John Evans, governor of the Colorado territory from 1862 to 1865.

The school and parking lots are currently owned by Continuance LLC, which is affiliated with the Eber family. Brothers Richard and Alan Eber purchased the school from Denver Public Schools in 1974 for $620,000, according to a Westword report. The building sat vacant for decades, prompting criticism from some who wanted the structure repurposed.

Lennar is familiar with the Golden Triangle. The company paid $18.5 million last year for a large site just a block away, where it plans to build two apartment towers.

The company would be looking to do something similar with the lots surrounding the Evans school. The school itself is on the National Register of Historic Places.

Lennar owns four apartment complexes in the Denver area, including Radiant at 2100 Welton St., according to the company’s website.

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

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

 â€” 

 â€” 

 â€” 

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

Leave a Reply

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