The city wants more non-residential development in the neighborhood south of downtown but Alpine Investments said there was too much “uncertainty in the office leasing market.”
The private college chain plans to cease operations on 25 acres in South Park Hill this summer.
The company, which accused its lender and title company of breach of contract and fraudulent concealment, still plans to build the Mighty Argo Cable Car.
The undeveloped fenced-in lots used to park buses at the edge of Curtis Park are planned to become three-story apartment buildings with 189 units.
One idea is to allow a developer additional height at the site up to 16 stories in exchange for the preservation of the five-story octagonal tower.
First Batch Hospitality, which has wineries in Brooklyn and Washington D.C., was going to open in Formativ’s Lot Twenty Eight building but backed out.
The CEO of Denver-based BMC Investments has developed hotels in Cherry Creek before. But not one like this.
In recent years, the two-story, 10,600-square-foot structure on Blake Street has been home to Debt Advisors and National Teleprinting.
Despite the 57 percent price drop to $41.5 million, it was the priciest local hotel sale since the pandemic began.
A seven-story, 359-unit complex is planned for the 5.18-acre lot. Upsher-Smith Laboratories is laying off its 174 local employees.
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