![Owner of former VA hospital eyes apartment conversion 1 VA Hospital secondary](https://businessden.com/wp-content/uploads/2022/09/VA-Hospital-secondary-300x165.jpg)
GM Development, which is asking the city for a rezoning, also plans to preserve a parking garage.
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.
The project has not broken ground, but the owner is wrapping up construction of a separate hotel next door.
Atlanta-based Portman originally expressed interest in building at 3800 Wynkoop St. in 2019, and beat out another developer in 2022.
Zeppelin Development had wanted Cordes & Co. to get the job.
Some City Council members questioned whether the city was overpaying. Denver’s director of real estate repeatedly cited the appraisal.
The lender also recently filed to foreclose on the property, although the owner says an auction will be averted.
A change has been made since the 17th and Blake project was originally proposed in 2022.
The church that owns the property put it on the market last year due to increased construction costs.
“What I was told was that the contract had been signed with the previous administration … and priorities have changed.”
Update your browser to view this website correctly. Update my browser now