
The decision is a win for Pando Holdings and many neighbors, and a loss for Historic Denver.
The decision is a win for Pando Holdings and many neighbors, and a loss for Historic Denver.
The buyer wasn’t able to wait to see if a proposed rezoning is approved.
The building is 35 percent leased.
“The near-to-intermediate future you won’t see a major change in how much parking is built into projects,” one developer said.
“I was elected to represent my residents, and my residents don’t want this,” said Councilwoman Amanda Sawyer.
This is the second downtown building that Chicago-based Expansive has lost to a lender.
The company has been at I-25 and Colorado for 30 years and bought the building at 70% less than the owner paid in 2019.
The largely identical Cherry Creek Plaza buildings are both 13 stories, and about 335,000 square feet combined..
A receiver has been appointed for Centre Point Properties’ Highland Place II.
“We just looked at it as a pure land play,” said Central Street President Isiah Salazar.
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