
The developer plans to build five-to-seven-story buildings with about 85,000 square feet of ground-floor retail space topped by about 380 residential units.
The developer plans to build five-to-seven-story buildings with about 85,000 square feet of ground-floor retail space topped by about 380 residential units.
“Right now, some days it feels like we’re running a moving company,” said Cole Chandler, founder and executive director of Colorado Village Collaborative.
The buyer is a Denver developer with family ties to the restaurant’s leadership. The seller paid $13.8 million for it in 2015.
A five-story, 235-unit complex is planned for the 1.3 acre site. The deal works out to about $209 a square foot.
CMK’s planned 858-unit residential development on Stout Street would feature three towers rising from a shared podium.
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.
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