
555 Zang St. was 31 percent leased. The new owner will move in.
555 Zang St. was 31 percent leased. The new owner will move in.
Owner Jared Leonard said he wants to lease the building back and keep Campfire operating.
Move over, Wells Fargo Center. The region’s largest distressed office property is in Lakewood.
The 350-unit apartment complex in Lakewood is two-thirds complete, its receiver says, after the bank put another $750K to stabilize it.
The property’s owner says it’s been spending $40,000 a month on security. “It’s crazy. We didn’t anticipate that.”
Brookfield wants a judge’s order saying it can connect to sewer systems at Solterra.
The current owner paid $28 million in 2010, records show.
The Lakewood Reinvestment Authority, which spent $6 million to rid the city of the Blue Sky and Chalet, expects to solicit proposals from developers later this year.
“I think it’s obvious, wherever you sit on the political divide on this, that we’re reaching a point where this can’t just be a Denver-only issue,” Lakewood Councilman Roger Low said at a Jan. 8 meeting.
“Vacant properties have a tendency to be higher demand on services, be that police service, fire service, code enforcement,” a city official said.
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