‘Bridge’ building connected to downtown Ritz-Carlton sells for $2M

Denver Ritz-Carlton accused of scaring away buyers of adjacent building

The Bridge at 1849 Curtis St., Unit 4A, connects Denver Place to the Ritz-Carlton in the Central Business District. (BusinessDen file)

A structure that forms a bridge over Curtis Street in downtown Denver, and is the subject of an ongoing lawsuit, has a new owner.

The “Bridge” building at 1849 Curtis St., which connects the Ritz-Carlton hotel to the Denver Place office complex, sold at the end of September for $2.1 million, according to public records. Northwest Bank provided financing for the deal.

The Bridge is three stories and nearly 31,000 square feet, according to marketing materials. The space was most recently occupied by TruFit Athletic Clubs, which closed at the end of 2019, according to Yelp reviews.

The Athletic Club 1849 LLC bought the property, records show. Anthony Dahmen signed loan paperwork as manager of the entity.

Dahmen was identified in a 2020 news release as the owner of The Athletic Clubs, a company that operated seven gyms across the states. The news release announced the sale of those gyms to a chain called Genesis Health Clubs.

Attempts to find direct contact info for Dahmen Tuesday were unsuccessful. An attorney that helped form the entity didn’t respond to requests for comment. Neither did a broker marketing the property.

The property was sold by an affiliate of Arizona-based Store Capital, which bought it for $5 million in December 2013, records show.

In September 2022, Store Capital sued Xenia Hotels, which owns the Ritz-Carlton next door. Store alleged that Xenia and its president, Barry Bloom, lied to a different prospective buyer of The Bridge about the Ritz’s right to access the property, tanking a $3.2 million sale.

Store accuses Xenia of “a transparent and deliberate attempt to extort from Store either use rights or a payoff” as part of a “fraudulent” scheme. Xenia and Bloom deny doing anything wrong. The case is scheduled for a four-day trial in April.

BusinessDen staffer Justin Wingerter contributed reporting.

Denver Ritz-Carlton accused of scaring away buyers of adjacent building

The Bridge at 1849 Curtis St., Unit 4A, connects Denver Place to the Ritz-Carlton in the Central Business District. (BusinessDen file)

A structure that forms a bridge over Curtis Street in downtown Denver, and is the subject of an ongoing lawsuit, has a new owner.

The “Bridge” building at 1849 Curtis St., which connects the Ritz-Carlton hotel to the Denver Place office complex, sold at the end of September for $2.1 million, according to public records. Northwest Bank provided financing for the deal.

The Bridge is three stories and nearly 31,000 square feet, according to marketing materials. The space was most recently occupied by TruFit Athletic Clubs, which closed at the end of 2019, according to Yelp reviews.

The Athletic Club 1849 LLC bought the property, records show. Anthony Dahmen signed loan paperwork as manager of the entity.

Dahmen was identified in a 2020 news release as the owner of The Athletic Clubs, a company that operated seven gyms across the states. The news release announced the sale of those gyms to a chain called Genesis Health Clubs.

Attempts to find direct contact info for Dahmen Tuesday were unsuccessful. An attorney that helped form the entity didn’t respond to requests for comment. Neither did a broker marketing the property.

The property was sold by an affiliate of Arizona-based Store Capital, which bought it for $5 million in December 2013, records show.

In September 2022, Store Capital sued Xenia Hotels, which owns the Ritz-Carlton next door. Store alleged that Xenia and its president, Barry Bloom, lied to a different prospective buyer of The Bridge about the Ritz’s right to access the property, tanking a $3.2 million sale.

Store accuses Xenia of “a transparent and deliberate attempt to extort from Store either use rights or a payoff” as part of a “fraudulent” scheme. Xenia and Bloom deny doing anything wrong. The case is scheduled for a four-day trial in April.

BusinessDen staffer Justin Wingerter contributed reporting.

This story is for our paid subscribers only. Please become one of the thousands of BusinessDen members today!

Your subscription has expired. Renew now by choosing a subscription below!

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

 — 

 — 

 — 

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING [email protected].

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.

EACH MEMBERSHIP WILL ONLY FUNCTION ON UP TO 3 MACHINES. ACCOUNTS ABUSING THAT LIMIT WILL BE DISCONTINUED.

FOR ASSISTANCE WITH YOUR MEMBERSHIP PLEASE EMAIL [email protected]




Return to Homepage

POSTED IN Commercial Real Estate

Editor's Picks

Comments are closed.