A corner retail site in Cherry Creek has sold, and the new buyer looks to be interested in redevelopment.
Weed Street Acquisition LLC and Main-Blaine LLC purchased the 300 Fillmore St. parcel in August for $9 million, according to public records.
The 0.43-acre parcel has about two buildings on it — one single-story, the other two stories — that total about 10,000 square feet, records indicate. Tenants include Element79 Contemporary Jewelry, Grind Kitchen + Watering Hole and Tazu Sushi. Harriet’s, a women’s boutique, operated the site for 15 years before closing at the end of 2020.
The purchasing entities list a Chicago office address that matches that of Midwest Property Group Ltd., which describes itself online as a property development and management firm specializing in commercial properties in the Midwest. And Jay Javors, an executive at the firm, signed loan paperwork associated with the Cherry Creek buy.
Midwest’s website does not reference any properties in Denver. Javors didn’t respond to multiple requests for comment.
Last week, about a month after the sale closed, redevelopment plans were submitted to the city for the property.
The plans call for the existing structures to be replaced with a four-story building with retail on the ground floor and office space above. There would be two levels of underground parking with 89 total spaces. A 4240 Architecture staffer who submitted the plans didn’t respond to a request for comment.
The property was sold by 300 Fillmore Associates LLC, which purchased it for $3 million in 2005, records show. David Poyles signed paperwork on behalf of the seller, listing himself as manager of the entity.
The sale price works out to about $480 a square foot for the land, which is already zoned for up to four stories.
The proposed redevelopment isn’t the only recent change along Fillmore Street.
One block to the south, the seven-story Civica Cherry Creek office building sold for $180 million last month. And Matt Joblon’s BMC Investments has proposed a six-story office building on the parking lot across the street.