It’s the second Denver property that Urban Renaissance Group has lost to a lender in 2025.
It’s the second Denver property that Urban Renaissance Group has lost to a lender in 2025.
The nonprofit manages the taxpayer-funded business improvement district.
Aurora Corporate Plaza last fetched $17.4 million in 2016.
The rules enacted last month bar new gas stations within a quarter-mile of existing ones.
The 4 Mile District is slated to be anchored by an Alamo Drafthouse. But a lawsuit puts its future in question.
NAIOP and the hotel and apartment association say Mayor Mike Johnston’s proposal “will not fix the fundamental flaws of Energize Denver.”
The previous owners bought it vacant and secured tenants, but that apparently wasn’t enough.
The real estate sector adopted something resembling a good-cop, bad-cop approach as it pushed for changes.
Whether the deal closes will depend on the cost of renovations.
“This will be the anchor for Cherry Creek.” Bank OZK provided the $286 million loan.
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