
The redevelopment of the 155-acre property along Colorado Boulevard will ultimately have to be approved by voters.
The redevelopment of the 155-acre property along Colorado Boulevard will ultimately have to be approved by voters.
Granite Properties paid $104.8 million for First Avenue Plaza in February. Long Wharf Capital acquired 50 percent ownership.
A 1.2 million-square-foot manufacturing facility on 152 acres will replace the beverage giant’s facility in RiNo, which sold to a developer last month.
The ABC affiliate sold its property at 123 Speer Blvd. last year after the Denver City Council rejected a bid to make its office building a landmark.
The development sites are two corners of the intersection, including the current home of Lowdown Brewery + Kitchen.
They are the only local businessmen known to have been part of a bid for the NFL team, which is going to an ownership group led by Walmart heir Rob Walton.
The proposals call for an eight-story, 125-unit hotel at 1709 Blake St. and a 12-story, 89-unit “apart-hotel” at 1480 Wewatta St.
The deal is worth about $752 a square foot. The seller reportedly bought the building in 2017 for about $720 a square foot.
The concept plans submitted last week double the total number of new conversions proposed downtown to four since December.
The firms plan to build a 10-story, 392-unit apartment complex by the RiNo concert venue a block from an apartment project they have underway.
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