A 37-year-old office building in the Golden Triangle is coming down.
Crews began demolishing the five-story structure at 990 Bannock St. in recent days.
The property is owned by apartment developer Lennar Multifamily Communities, which paid $18.5 million last year for it and much of the parking lot to the east — 2.1 acres in all.
Lennar submitted a site-development plan to the city last year, proposing a 17-story, 389-unit complex on the existing parking lot, at 921 and 951 Acoma St.
Lennar has yet to submit a site-development plan for the 990 Bannock parcel, where the demolition is occurring, but an early-stage proposal submitted to the city indicates it wants to build a second large apartment complex on that site.
The 110,000-square-foot 990 Bannock building was constructed in 1982, according to city records. The building was owned by Denver Health from 2002 to 2015.
A short walk from the building, Greystar is constructing its 16-story Parq on Speer apartment complex. Next to that, the new owner of 955 Bannock St. plans to develop a 10-story office project.
A 37-year-old office building in the Golden Triangle is coming down.
Crews began demolishing the five-story structure at 990 Bannock St. in recent days.
The property is owned by apartment developer Lennar Multifamily Communities, which paid $18.5 million last year for it and much of the parking lot to the east — 2.1 acres in all.
Lennar submitted a site-development plan to the city last year, proposing a 17-story, 389-unit complex on the existing parking lot, at 921 and 951 Acoma St.
Lennar has yet to submit a site-development plan for the 990 Bannock parcel, where the demolition is occurring, but an early-stage proposal submitted to the city indicates it wants to build a second large apartment complex on that site.
The 110,000-square-foot 990 Bannock building was constructed in 1982, according to city records. The building was owned by Denver Health from 2002 to 2015.
A short walk from the building, Greystar is constructing its 16-story Parq on Speer apartment complex. Next to that, the new owner of 955 Bannock St. plans to develop a 10-story office project.
The developers with support from Councilman Wayne New are building the concrete jungle — almost no green space, poor architecture , few small businesses and services, lack of affordable housing, and no covered sidewalks during construction to safely navigate the obstacle course. that the GT has become. Profit rather than sustainable and genuine community development reigns. We need a change.