![Salazars begin site work on $150M Alamo Drafthouse-anchored Glendale project 1 P7255535](https://businessden.com/wp-content/uploads/2024/07/P7255535-300x165.jpg)
The $150 million project has “been a long time coming,” said City Manager Chuck Line.
The $150 million project has “been a long time coming,” said City Manager Chuck Line.
“Our path for growth is going to come from leases, not owning,” owner Grant Barnhill said.
The project will replace the west end of the mall, which is largely vacant.
The expected buyer is local and considers Industry a “trophy building.”
“It just got caught in a combination of a hurricane, a cyclone and a tornado — all three combined,” said the building’s developer.
700 17th St.’s local owner defaulted on its 10-year loan earlier this year.
The complex’s largest tenant is Bellco Credit Union, which has its headquarters there.
Standing outside the Uptown office building her firm has been renovating, Fiona Arnold notes the white paint, and the gold rings that are being installed across the exterior. “I think the whole thing is going to look like a jewelry box up here on the hill,” she said. The Denver-based development firm Arnold founder, Mainspring,… Read more »
The 318,000-square-foot complex is owned by Denver’s Sagard Real Estate, which bought it in July 2014.
“It’s not dissimilar, on a much smaller and limited scale, to Union Station,” an EXDO Development executive said.
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