The seller was the Denver Housing Authority, which had owned the commercial building since 1982 but never converted it into housing.
Creative Density founder Craig Baute said he’d like to find a new location in the neighborhood, but availability is limited.
The property is zoned for mixed-use projects up to five stories. Leasing is an option, with annual rent of $25 per square foot.
“We wouldn’t have bought downtown and we wouldn’t have bought in DTC,” said co-founder Brent Kline.