The undeveloped fenced-in lots used to park buses at the edge of Curtis Park are planned to become three-story apartment buildings with 189 units.
One idea is to allow a developer additional height at the site up to 16 stories in exchange for the preservation of the five-story octagonal tower.
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.
The CEO of Denver-based BMC Investments has developed hotels in Cherry Creek before. But not one like this.
The sellers, Denver-based Brue Baukol Capital Partners and LCP Development, bought the 3.9 acre property in 2016 for $12.7 million.
Ogden Street South Sports Bar owner Tim Fry said he’s selling the business because he’s “got bartenders that were making more money than me.”
Vendors were told in February that the 29.4-acre, multi-building property along 58th Avenue would be sold. But the buyer hasn’t previously been reported.
The other three onetime members of the crane company’s C-suite, including the ex-CEO, have filed counterclaims and deny wrongdoing.
The extra fees, ranging from 3.5 percent to 20 percent, debuted during the pandemic but will likely remain after it ends.
Interest rates and inventory were low, changing the dynamic in Clayton, Montclair, Overland, University and Wellshire.