“This is a partnership dispute where one side is improperly using the courts to extract a greater settlement,” an attorney for Flywheel Capital’s Ben Hrouda said.
Residential Real Estate
The record $15.7 million Cherry Hills Village sale was followed by three in Boulder each between $5.9 million and $7.2 million.
Gerrity Group, which bought the mall in 2016, wants to cut retail space in half to 125,000 square feet and add 2,000 residential units.
Stackhouse was supposed to be a steel structure with slots for 62 shipping container homes, but the couple developing it say the cards were stacked against them.
The owner of the 7,261-square-foot house at 2605 18th St. dropped the price three times before finding a buyer.
The city seeks “a mixture of shelter and permanent housing” and is looking for teams with documented property ownership.
The 32,254-square-foot home sold for $15.7 million, setting a record for the price of a single-family home in the Denver area.
The deal could result in a new YMCA building and the nonprofit selling some of its land to developers who plan to build apartments.
The western edge of Baker remains a largely industrial area, but recent deals indicate that will change as residential projects are built.
The 1150 Bannock St. lot lies between sites where Urban Villages is planning to build 30-story towers with condos, apartments and hotel rooms.