
“This is not just another mall renovation. You need to un-mall. You need to de-mall this site,” said a McWhinney employee.
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“This is not just another mall renovation. You need to un-mall. You need to de-mall this site,” said a McWhinney employee.
Fourteen companies and 32 lawyers are now involved in the complex case, which may require a five-week trial to sort out.
“It started as a real estate deal, and this is my baby now,” said co-owner Pete Foster, who is also a broker.
“Nothing in real estate is a sure thing. But Cherry Creek is something special to both of us,” said Dave Bracht, who has been friends with Frank Penn since the 1990s.
The property is within a largely industrial area, although Denver Water’s headquarters is within a couple blocks.
“This location kind of beautifully outlines what Industrious’ network strategy is today,” an exec said.
MobCraft Beer cited “myriad unfortunate events.”
The organization paid $5.85 million for the site along Delaware Street in 2021.
It’s the second recent sign of trouble for the Fous Property Group, led by CEO Bahman Shafa.
The company behind the bar and music venue paid $1.35 million last week for just shy of an acre along South Broadway.
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