
The previous owners bought it vacant and secured tenants, but that apparently wasn’t enough.
The previous owners bought it vacant and secured tenants, but that apparently wasn’t enough.
The 550,000-square-foot building at 1515 Arapahoe St. is 45% occupied.
A local development team sold the building to Shorenstein in late 2021.
The buyer wasn’t able to wait to see if a proposed rezoning is approved.
The building is 35 percent leased.
This is the second downtown building that Chicago-based Expansive has lost to a lender.
The company has been at I-25 and Colorado for 30 years and bought the building at 70% less than the owner paid in 2019.
The largely identical Cherry Creek Plaza buildings are both 13 stories, and about 335,000 square feet combined..
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