
Denver-based Nichols Partnership is fashioning microunits out of the former Art Institute of Colorado building just south of downtown.
Denver-based Nichols Partnership is fashioning microunits out of the former Art Institute of Colorado building just south of downtown.
The development in the 3800 blocks of Walnut and Blake streets will now include an office building and a 17-story multifamily building with 310 units.
The deal works out to about $5.3 million an acre, or $120 a square foot. The buyer intends to redevelop the site but has not submitted plans to the city.
A sale could close by the end of this week, according to a broker working the deal.
Jonathan Bush co-founded Littleton Capital Partners in 2004 and his death creates a challenge for the company’s development division.
Churchill Bunn and Rhys Duggan purchased the property for $4.5 million with plans to build a three-story apartment project.
Denver-based apartment developer Trailbreak Partners bought the 0.95-acre lot for a three-story, 124-unit project.
The number of development plans submitted to the city jumped in the first five months of 2022 compared to previous years.
Marcotte was director of development for Denver-based Northstar Commercial Partners before shifting his focus to local self-storage projects.
“We’re the hole in the donut,” Brent Farber said of 1801 Market St., which is half a city block in an otherwise heavily-developed area.
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