
A Denver developer that specializes in multifamily communities has acquired the 0.14-acre parcel after another firm’s plans for a residential tower fell through this year.
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A Denver developer that specializes in multifamily communities has acquired the 0.14-acre parcel after another firm’s plans for a residential tower fell through this year.
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The Georgia-based company said the closure and layoffs are “due to the sudden and unexpected termination of a major contract with Xcel Energy.”
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The 230,000-square-foot building looms over Infinity Park, two blocks east of Colorado Boulevard.
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The landowner plans to cash in on his 1996 purchase of the site, submitting plans for a three-story office building.
“I like to say it’s a praise-the-lord deal,” the seller said. “These deals don’t come along every day.”
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