On second try, council votes 9-4 to approve Post building sublease

denverpostbldg

The building at 101 W. Colfax Ave. opened in 2006. (BizDen file photo)

The second time was the charm.

The Hancock administration’s bid to sublease the top floor of the Denver Post building at 101 W. Colfax Ave. passed with a vote of 9-4 Monday evening, weeks after failing in a 6-6 deadlock.

Voting for the measure, which will see the city pay a total of $9.88 million to lease 25,193 square feet on the building’s 11th floor from May 2020 through October 2029, were Kendra Black, Jolon Clark, Stacie Gilmore, Chris Herndon, Paul Kashmann, Robin Kniech, Amanda Sandoval, Amanda Sawyer and Jamie Torres.

The yes vote represented a shift for Amanda Sawyer and Amanda Sandoval, who voted against the measure on Jan. 6. Torres was absent from that meeting.

Council members Candi Cdebaca, Debbie Ortega, Kevin Flynn and Chris Hinds stuck with their no vote.

The city already subleases four other floors of the building — floors one, seven, eight and nine — from the Post, with the oldest of those deals dating to 2016. The city will spend about $32 million in total for those other leases.

denverpostbldg

The building at 101 W. Colfax Ave. opened in 2006. (BizDen file photo)

The second time was the charm.

The Hancock administration’s bid to sublease the top floor of the Denver Post building at 101 W. Colfax Ave. passed with a vote of 9-4 Monday evening, weeks after failing in a 6-6 deadlock.

Voting for the measure, which will see the city pay a total of $9.88 million to lease 25,193 square feet on the building’s 11th floor from May 2020 through October 2029, were Kendra Black, Jolon Clark, Stacie Gilmore, Chris Herndon, Paul Kashmann, Robin Kniech, Amanda Sandoval, Amanda Sawyer and Jamie Torres.

The yes vote represented a shift for Amanda Sawyer and Amanda Sandoval, who voted against the measure on Jan. 6. Torres was absent from that meeting.

Council members Candi Cdebaca, Debbie Ortega, Kevin Flynn and Chris Hinds stuck with their no vote.

The city already subleases four other floors of the building — floors one, seven, eight and nine — from the Post, with the oldest of those deals dating to 2016. The city will spend about $32 million in total for those other leases.

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 *