The owners of the 29.4-acre Adams County facility last made their monthly loan payment a year ago, according to a lender, coinciding with the pandemic.
“We are in the process of developing materials for the offering,” a GSA spokesman said of the eight acres at the corner of 9th Avenue and Clermont Street.
Stonebridge Cos., which is putting up an adjacent 18-story building, bought the “very odd-shaped piece of property” for $55,200.
An earlier plan to land in Curtis Park fell apart, so the Longmont brewery found another spot for its expansion into Denver.
The New York-based coworking firm closed four of its nine Denver locations at the end of February.
Denver-based homebuilder Blvdway Communities paid $3.35 million or $46 a square foot for the 1.67-acre lot at 2796 N. Utica St.
One of them agreed to a reduced price in exchange for ownership of some parking spaces in the proposed apartment building.
When WeWork signed lease after lease in Denver, landlords said the collateral would protect them if things went south. Now that thesis is being tested.
A key component of the Arapahoe Square development will be a 75-bed “recuperative care” facility that fills a gap in the healthcare continuum.
“We’re bullish on that asset type,” said the president of the firm, which is also considering a multifamily project on land it owns at the edge of RiNo.