![Apartment developer pays $11M for Turin Bicycles, cafe site in Cap Hill 1 Developer buys Denver site to build apartment tower](https://businessden.com/wp-content/uploads/2022/09/Turin-main-300x165.jpg)
Carmel Partners plans to demolish the two existing buildings and construct an 18-story apartment building with 324 units.
Carmel Partners plans to demolish the two existing buildings and construct an 18-story apartment building with 324 units.
The 304-unit structure would replace the one-story building at 700 Grant St. where Denver’s oldest bike shop operated before closing over the weekend.
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