
The 110-unit project by Palisade Partners would replace a low-slung parking garage on a 0.36-acre lot.
The 110-unit project by Palisade Partners would replace a low-slung parking garage on a 0.36-acre lot.
The nonprofit, which paid $1.18 million a decade ago, expects the eventual buyer to redevelop the property.
The Chicago-based apartment developer, whose first Denver property has 455 units and 800 more units on the way, “does a few things completely different.”
Helikon Gallery & Studios closed in 2019, but the broker said the new owners have already leased the whole building to a new tenant he wouldn’t name.
The developer most associated with RiNo has ventured into the Western Slope, paying $2.5 million for the Historic Western Hotel.
Amazon has accused the Denver-based firm led by Brian Watson of paying kickbacks to Amazon staffers for data center development deals in Virginia.
The block’s buildings are largely industrial in nature, but they appear poised for redevelopment.
The firm, which increased its local profile when it purchased Larimer Square, has paid $11.3 million for Tennyson buildings over the last 20 months.
The 2.7 acres at 1300 40th St. is the first Denver property that Charlotte-based Crescent Communities has acquired, but it is already eyeing others.
The company will still have five coworking spots in the city, but it’s vacating about 230,000 square feet of office space.
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