A piece of heavy machinery sits at 123 Speer Blvd. in Denver on Aug. 26, 2025. (Thomas Gounley/BusinessDen)
The former Denver7 building is coming down.
Property Markets Group, the developer that bought the property at 123 Speer Blvd. in 2021, said this week that demolition of the existing structure will begin by the end of the month and last 12 weeks.
PMG plans to build an 11-story, 481-unit apartment complex with 10,000 retail square feet on the 2.3-acre block, according to development plans. Milender White is the general contractor overseeing both demolition and construction.
Asked if construction on the new project would begin upon the completion of demolition, a PMG representative said only that “the construction schedule is still pending.” PMG has one other project in the works in Denver — a Waldorf Astoria-branded condo building in Cherry Creek where some units are expected to sell for north of $10 million.
Denver7, the ABC affiliate with the call sign KMGH, started operating in the five-story octagonal office building at the corner of Speer Boulevard and Lincoln Street in 1969.
Upon moving to 2323 Delgany St. in RiNo last year, General Manager Brian Joyce said Denver7 had sought a more efficient layout and had built “the TV station of the future.”
The value of the station’s real estate may have played a role in the decision as well. Denver7 parent company E.W. Scripps received $35 million when it sold the property in July 2021.
Denver7’s building in 2020, when the station still operated there. (BusinessDen file)
The southern end of the Cap Hill neighborhood, known as Governor’s Park, has been a hot spot for development of new apartment buildings. AvalonBay Communities recently built a project across the street, where the restaurant Racines once operated. And Carmel Partners plans to redevelop a site just north of PMG’s block that used to be home to Turin Bicycles.
Before Scripps sold Denver7’s building, some residents lobbied Denver to designate the property a city landmark, which would have effectively prevented demolition. But City Council unanimously rejected the request.
Other notable Denver properties that have met the wrecking ball this year? Carmen Court and the Royal Palace Motel.
A piece of heavy machinery sits at 123 Speer Blvd. in Denver on Aug. 26, 2025. (Thomas Gounley/BusinessDen)
The former Denver7 building is coming down.
Property Markets Group, the developer that bought the property at 123 Speer Blvd. in 2021, said this week that demolition of the existing structure will begin by the end of the month and last 12 weeks.
PMG plans to build an 11-story, 481-unit apartment complex with 10,000 retail square feet on the 2.3-acre block, according to development plans. Milender White is the general contractor overseeing both demolition and construction.
Asked if construction on the new project would begin upon the completion of demolition, a PMG representative said only that “the construction schedule is still pending.” PMG has one other project in the works in Denver — a Waldorf Astoria-branded condo building in Cherry Creek where some units are expected to sell for north of $10 million.
Denver7, the ABC affiliate with the call sign KMGH, started operating in the five-story octagonal office building at the corner of Speer Boulevard and Lincoln Street in 1969.
Upon moving to 2323 Delgany St. in RiNo last year, General Manager Brian Joyce said Denver7 had sought a more efficient layout and had built “the TV station of the future.”
The value of the station’s real estate may have played a role in the decision as well. Denver7 parent company E.W. Scripps received $35 million when it sold the property in July 2021.
Denver7’s building in 2020, when the station still operated there. (BusinessDen file)
The southern end of the Cap Hill neighborhood, known as Governor’s Park, has been a hot spot for development of new apartment buildings. AvalonBay Communities recently built a project across the street, where the restaurant Racines once operated. And Carmel Partners plans to redevelop a site just north of PMG’s block that used to be home to Turin Bicycles.
Before Scripps sold Denver7’s building, some residents lobbied Denver to designate the property a city landmark, which would have effectively prevented demolition. But City Council unanimously rejected the request.
Other notable Denver properties that have met the wrecking ball this year? Carmen Court and the Royal Palace Motel.
