
The purchase by a Texas firm familiar with the neighborhood works out to $637 a square foot.
The purchase by a Texas firm familiar with the neighborhood works out to $637 a square foot.
A receiver was appointed last week for the Meridian One property.
The local firm bought the property literally weeks before the onset of COVID-19.
The firm plans a 132-unit project that could break ground in 2025.
That’s 75 percent less than the last time it sold in 2013.
Distressed office space has bled into RiNo — and newer product.
Shontel Lewis told BusinessDen “there was insufficient due diligence” and the city has other priorities.
The goal is to create “a Union Station-type asset,” according to one half of the deal.
New York-based Brookfield also owns Republic Plaza and the Wells Fargo Center.
The city is buying the Denver Post building. Two decades ago, it bought the Rocky Mountain News building.
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