Camden Property Trust, which bought the Baker property from Westside Investment Partners for about $105 a square foot, will build a five-story complex.
Residential Real Estate
The former Denver Broncos coach has been trying to sell his property for five years, listing it for $22 million in 2016, $19.8 million in 2019 and $17 million this year.
The property and plans for the 15-story, 626-unit complex at 2601 N. Alcott St. were sold four months ago for $32 million.
A judge ruled the defendants failed to exercise “reasonable diligence in investigating” complaints of methamphetamine fumes by tenants who suffered injuries.
Developers want to put a 49-unit complex on a narrow slice of land in Five Points. City staff say construction will be the hardest part of the project.
Kairoi Residential was originally under contract in 2018 to buy the triangular site at Speer and Market owned by Buzz Geller’s Paradise Land Co.
The 410-unit apartment building that will be the tallest structure in Arapahoe Square is up to floor eight. It will ultimately top out at 22 stories.
Developers building large housing projects would need to reserve 8-12 percent of rental units for those making less than the area median income and 10-15 percent of units for sale.
An eight-story, 165-unit building developed by Mill Creek Residential would replace the parking lot at 618 E. 16th Ave.
Thrive plans to build 322 homes, some detached and some townhomes. Another part of the campus is expected to be sold to a developer later this month.