The office building currently at 800 Grant St. in Denver. (Google Maps)
Bidding will start at $750,000 later this month for a 1970s Cap Hill office building that was once eyed for demolition.
The six-story, 44,000-square-foot building at 800 Grant St. in Denver is 25% leased and headed to the auction block Sept. 22.
The property is owned by County Technical Services Inc., an insurance firm with space on the building’s fourth floor. The company, which did not respond to a request for comment, has owned the building for decades, public records show.
In 2024, Chelsea Investment Corp., an income-restricted housing developer out of California, proposed knocking down the building and erecting a 76-unit apartment complex for seniors in its place.
Public records from the Colorado Housing and Finance Authority show the company requested $25.8 million in tax credits and bond monies last year. But the project wasn’t among the 10 selected to receive funding that cycle.
“We’re no longer involved in that deal,” Chelsea executive Jamil Wade said last week, declining to comment further.
Marketing materials for the auction advertise the property as a “covered land play,” where a buyer could get money from existing or future leases while teeing up a longer term redevelopment plan for the 0.57-acre site. The building also comes with a detached three-story garage with 112 parking spaces that was renovated in 2022 for $520,000.
The office building currently at 800 Grant St. in Denver. (Google Maps)
Bidding will start at $750,000 later this month for a 1970s Cap Hill office building that was once eyed for demolition.
The six-story, 44,000-square-foot building at 800 Grant St. in Denver is 25% leased and headed to the auction block Sept. 22.
The property is owned by County Technical Services Inc., an insurance firm with space on the building’s fourth floor. The company, which did not respond to a request for comment, has owned the building for decades, public records show.
In 2024, Chelsea Investment Corp., an income-restricted housing developer out of California, proposed knocking down the building and erecting a 76-unit apartment complex for seniors in its place.
Public records from the Colorado Housing and Finance Authority show the company requested $25.8 million in tax credits and bond monies last year. But the project wasn’t among the 10 selected to receive funding that cycle.
“We’re no longer involved in that deal,” Chelsea executive Jamil Wade said last week, declining to comment further.
Marketing materials for the auction advertise the property as a “covered land play,” where a buyer could get money from existing or future leases while teeing up a longer term redevelopment plan for the 0.57-acre site. The building also comes with a detached three-story garage with 112 parking spaces that was renovated in 2022 for $520,000.
