The century-old bathhouse on West Colfax Ave. sold this month for $2 million. The buyers plan to eventually put up an apartment building.
Residential Real Estate
The Seventh Avenue Neighborhood Association surveyed members about a possible contract last week.
“It’s just the market,” said Lenny Taub, CEO of First Stone Development. “The market’s bigger than all of us.”
MAG Builders’ CFO said the Cherry Creek structure is a “personal preference house” built by someone who “did not care about resale at all.”
Residents in the Packard’s Hill Historic District challenged the City Council’s decision to make it an historic district in 2017.
A Cherry Hills Village property was increased to $28.9 million, but the price has dropped on a Polo Club property originally listed for $21.5 million.
Houses in Parker, Littleton and Denver’s Hilltop neighborhood ranging from $5 million to $6.3 million also made the top five.
The contractor wants to build an eight-story, 200-unit building. Atlanta-based Wood Partners also has a multifamily project in the works nearby.
The house at 401 N. Madison St. sold for $4 million in May, but the buyer is a homebuilder that acquired the property for a planned pair of duplexes.
The proposal calls for the unit count at the Creekside Apartments complex on the Denver-Glendale border to jump from 328 to 1,232.