The property and plans for the 15-story, 626-unit complex at 2601 N. Alcott St. were sold four months ago for $32 million.
A judge ruled the defendants failed to exercise “reasonable diligence in investigating” complaints of methamphetamine fumes by tenants who suffered injuries.
The property at 2260 California St. was the subject of an August lawsuit over homeless encampments on the site that has been dismissed.
The Ridge at Dove Valley, which will have two spec buildings each more than 100,000 square feet, is expected to be completed in May.
Kairoi Residential was originally under contract in 2018 to buy the triangular site at Speer and Market owned by Buzz Geller’s Paradise Land Co.
PNC Bank will take the 28th floor, but Denver-based Optiv will still occupy the 29th and 30th floors at 1144 15th St.
The 410-unit apartment building that will be the tallest structure in Arapahoe Square is up to floor eight. It will ultimately top out at 22 stories.
An eight-story, 165-unit building developed by Mill Creek Residential would replace the parking lot at 618 E. 16th Ave.
Houston-based Hines and Denver-based EnviroFinance Group plan to develop 860,000 square feet of office warehouse space across six buildings.
The 10-story, 316-unit project has been cited as an example of a “win-win” between preservation and development interests.