The change would likely primarily affect non-residential developers because a bill working its way through the Senate would let cities require income-restricted units.
Commercial Real Estate
The CEO of Denver-based BMC Investments has developed hotels in Cherry Creek before. But not one like this.
Jerry’s Hut House has more space than it needs at 2101 N. Humboldt St. in City Park West, and another business to share costs would secure its future.
The company has tapped a location along Colfax Avenue closer to downtown, but the lease isn’t finalized, CEO Barry Watkins said.
In recent years, the two-story, 10,600-square-foot structure on Blake Street has been home to Debt Advisors and National Teleprinting.
The store will be Starbucks’ second along South College Avenue, just less than 2.5 miles south of its existing location at 1708 S. College Ave.
Exchange at Boulevard One was originally supposed to be anchored by Lucky’s Market, but the chain pulled out before filing for bankruptcy last year.
A judge has ordered Alfalfa’s Market Inc. and founder Mark Retzloff to pay just more than $1.4 million to fulfill a loan taken out to cover the cost of opening the grocery’s Louisville store, the last location that the struggling market has open.
Despite the 57 percent price drop to $41.5 million, it was the priciest local hotel sale since the pandemic began.
A seven-story, 359-unit complex is planned for the 5.18-acre lot. Upsher-Smith Laboratories is laying off its 174 local employees.