The only tenant in the former Burte Hotel is a pawn shop on the first floor. The 40 rooms on the second and third floors will be turned into 20 units for rent.
Commercial Real Estate
The building off I-70 has been a restaurant for 75 years. But its latest version has devolved into lawsuits and a blame game.
Mike Mathieson bought it for $2 million and got $8.3 million. The deal will allow the buyer to expand a condo project it has proposed next door.
Store owner Andy Carlson blamed the rising costs and an increase in crime. “In a good year, a top-tier hardware store like this could do 7 percent at the bottom, pre-tax net profit. We’ve been squeezed into below five.”
The bar’s corner in the Berkeley neighborhood is set to be redeveloped into a three-story, 90-unit apartment project.
Broe’s eight-story 200 Clayton building has topped out and is expected to be completed in the first quarter.
The retailer leased a new industrial building at 6300 N. Broadway, where the nursery closed in 2019 after about six decades.
President Joe Biden visited a location in Washington, D.C., where the company was founded, shortly after his inauguration.
The planned complex will have 300 units and be five stories high, much shorter than the nine stories originally proposed.
Colorado World Resorts and its owners have a recent history of stalled projects, including a planned condo complex in Avon.