![Commission rejects developer’s bid to demolish fire-damaged Colfax buildings 1 P6051834](https://businessden.com/wp-content/uploads/2024/06/P6051834-300x165.jpg)
Historic Denver opposed demolition, but Pando had support from multiple neighbors, one of whom called a Tuesday meeting “Kafkaesque.”
Historic Denver opposed demolition, but Pando had support from multiple neighbors, one of whom called a Tuesday meeting “Kafkaesque.”
The owner bought it for $420,000 in 2012, then took out $4 million in loans on it between 2018 and 2022.
An affiliate of developer Golub & Co. sold 2734 Walnut St. at a loss.
It’s the city’s first office groundbreaking of 2024.
It sold for $43 million in 2014, but a buyer this go around won’t inherit a tenant.
We scoured county foreclosure records, third-party reports and court filings to determine the downtown buildings that have run into trouble since the pandemic.
Gorman & Co. plans a five-story project on the site along Grant.
A receiver was appointed to oversee the building last month.
GM Development, which is asking the city for a rezoning, also plans to preserve a parking garage.
The company will keep operating six locations between Denver and Boulder, the same number it had open when it filed for Chapter 11.
Update your browser to view this website correctly. Update my browser now