The 90 Meade Lane lot listed for $3.65 million. (Courtesy Helm Weaver Helm)
Cherry Hills Village plans to sell an undeveloped lot it’s owned for nearly two decades.
The wealthy city south of Denver — where Russell Wilson set a local record last year by paying $25 million for a house — is working to unload 90 Meade Lane, a 2.28-acre residentially zoned lot it bought back in 2004.
At a May 25 meeting, Cherry Hills City Council voted unanimously to hire Compass’ Helm Weaver Helm team — Patti Helm, Libby Weaver and Pamela Helm, with broker associate Michelle Warner taking the lead — to market the property. The asking price is $3.65 million.
Michelle Warner
“This exquisite and rare vacant lot is awaiting a beautiful custom home,” the listing reads.
The property hit the market May 26, and the city wanted to accept offers for at least five days. Weaver said multiple offers were received, all at or above the asking price. The council will soon vote on whether to accept one.
For comparison, four other lots in Cherry Hills are being marketed based on the land, and those listed back in February and March, according to MLS data.
Weaver praised the 90 Meade’s “prime location,” as well as its mature trees, which some undeveloped lots in the city lack.
According to the city’s contract, the agents are to be paid 5.8 percent of the ultimate sale price, with 2.8 percent of that intended for the buyer’s agent. If Helm Weaver Helm also represents the buyer, they will receive 5 percent.
L-R: Patti Helm, Libby Weaver and Pamela Helm
Four agents or teams responded to the city’s request for proposals to market the property. City Manager Chris Cramer said the others were Casey Karsh Perry of Compass, Ann Kerr of Kentwood Real Estate and Katie Hoster of Liv Sotheby’s.
Perry and Helm Weaver Helm were interviewed before the decision was made to award the contract to the latter, city documents state.
“Their team approach and insight will give the City the exposure needed to get the best price possible for 90 Meade Lane,” Cherry Hills staff wrote in one document.
Cherry Hills purchased 90 Meade Lane in January 2004 for $1.91 million, records show. The grassy lot is adjacent to John Meade Park, and down the road from Cherry Hills’ municipal buildings, referred to as Village Center.
At the time of the purchase, Cherry Hills said in a news release that “due to the proximity of the property to the Village Center, the property can play an integral role in facilitating the future expansion of the Village Center and establishing a central location from which our residents can obtain municipal services.”
The city suggested the lot could serve as a buffer between city activities and residential neighborhoods, or allow for “potential relocation of public parkland.”
The property, however, was ultimately little-used. Cramer, the city manager, said it has served as “almost like a little tree farm” for trees ultimately planted elsewhere in the city.
The city has talked about selling the lot on and off over the years, city records show.
Not everyone supports a sale. Tory Leviton, a musician and Cherry Hills resident, questioned why the city would sell 90 Meade Lane when a master plan it adopted last year highlighted the importance of parks and open space to residents.
“I’d love to see a city garden, a bat house or something natural like that … I hope it doesn’t sell,” Leviton said.
Cramer, however, said the lot has never been open to the public while the city owned it. When city leaders rezoned the adjacent land to create John Meade Park, he said, they consciously opted not to rezone 90 Meade Lane.
“The intent was never for it to function as official park/open space,” Cramer said.
The 90 Meade Lane lot listed for $3.65 million. (Courtesy Helm Weaver Helm)
Cherry Hills Village plans to sell an undeveloped lot it’s owned for nearly two decades.
The wealthy city south of Denver — where Russell Wilson set a local record last year by paying $25 million for a house — is working to unload 90 Meade Lane, a 2.28-acre residentially zoned lot it bought back in 2004.
At a May 25 meeting, Cherry Hills City Council voted unanimously to hire Compass’ Helm Weaver Helm team — Patti Helm, Libby Weaver and Pamela Helm, with broker associate Michelle Warner taking the lead — to market the property. The asking price is $3.65 million.
Michelle Warner
“This exquisite and rare vacant lot is awaiting a beautiful custom home,” the listing reads.
The property hit the market May 26, and the city wanted to accept offers for at least five days. Weaver said multiple offers were received, all at or above the asking price. The council will soon vote on whether to accept one.
For comparison, four other lots in Cherry Hills are being marketed based on the land, and those listed back in February and March, according to MLS data.
Weaver praised the 90 Meade’s “prime location,” as well as its mature trees, which some undeveloped lots in the city lack.
According to the city’s contract, the agents are to be paid 5.8 percent of the ultimate sale price, with 2.8 percent of that intended for the buyer’s agent. If Helm Weaver Helm also represents the buyer, they will receive 5 percent.
L-R: Patti Helm, Libby Weaver and Pamela Helm
Four agents or teams responded to the city’s request for proposals to market the property. City Manager Chris Cramer said the others were Casey Karsh Perry of Compass, Ann Kerr of Kentwood Real Estate and Katie Hoster of Liv Sotheby’s.
Perry and Helm Weaver Helm were interviewed before the decision was made to award the contract to the latter, city documents state.
“Their team approach and insight will give the City the exposure needed to get the best price possible for 90 Meade Lane,” Cherry Hills staff wrote in one document.
Cherry Hills purchased 90 Meade Lane in January 2004 for $1.91 million, records show. The grassy lot is adjacent to John Meade Park, and down the road from Cherry Hills’ municipal buildings, referred to as Village Center.
At the time of the purchase, Cherry Hills said in a news release that “due to the proximity of the property to the Village Center, the property can play an integral role in facilitating the future expansion of the Village Center and establishing a central location from which our residents can obtain municipal services.”
The city suggested the lot could serve as a buffer between city activities and residential neighborhoods, or allow for “potential relocation of public parkland.”
The property, however, was ultimately little-used. Cramer, the city manager, said it has served as “almost like a little tree farm” for trees ultimately planted elsewhere in the city.
The city has talked about selling the lot on and off over the years, city records show.
Not everyone supports a sale. Tory Leviton, a musician and Cherry Hills resident, questioned why the city would sell 90 Meade Lane when a master plan it adopted last year highlighted the importance of parks and open space to residents.
“I’d love to see a city garden, a bat house or something natural like that … I hope it doesn’t sell,” Leviton said.
Cramer, however, said the lot has never been open to the public while the city owned it. When city leaders rezoned the adjacent land to create John Meade Park, he said, they consciously opted not to rezone 90 Meade Lane.
“The intent was never for it to function as official park/open space,” Cramer said.
