The project at 434 Santa Fe Drive would have nine residential units, according to plans submitted to the city in November.
Thomas covers commercial real estate, development and law. He is a graduate of the University of New Hampshire and previously worked as a business reporter at the Springfield News-Leader. Email him at [email protected].
The Westerner Motel changed hands weeks after its next-door neighbor, the Sand & Sage Motel.
An Arvada self-storage facility sells for $8.8M, and Newmark Knight Frank reports the week’s largest lease.
The sale of Centric LoHi comes days after the sale of Infinity LoHi, which also netted nine figures.
The purchases give the company 2,419 residential units across 30 properties in the Denver area.
Sixty-four of the 92 condos will be studios, some as small as 263 square feet, according to plans submitted to the city.
The Columbine Courier’s Dec. 27 issue will be its last, according to the publisher of Evergreen Newspapers.
The head of New York-based Tessler Developments said about two-thirds of the project’s 600-plus residential units will be condos.
Developers Hines and Jordon Perlmutter & Co. found a buyer for 1601 Wewatta, which was completed in 2015.
Infinity LoHi’s sale price works out to $409,340 per unit. That’s tops locally for the year, although still well short of the record.