
The development in the 3800 blocks of Walnut and Blake streets will now include an office building and a 17-story multifamily building with 310 units.
The development in the 3800 blocks of Walnut and Blake streets will now include an office building and a 17-story multifamily building with 310 units.
The deal works out to about $5.3 million an acre, or $120 a square foot. The buyer intends to redevelop the site but has not submitted plans to the city.
A sale could close by the end of this week, according to a broker working the deal.
Jonathan Bush co-founded Littleton Capital Partners in 2004 and his death creates a challenge for the company’s development division.
Churchill Bunn and Rhys Duggan purchased the property for $4.5 million with plans to build a three-story apartment project.
Denver-based apartment developer Trailbreak Partners bought the 0.95-acre lot for a three-story, 124-unit project.
The number of development plans submitted to the city jumped in the first five months of 2022 compared to previous years.
Marcotte was director of development for Denver-based Northstar Commercial Partners before shifting his focus to local self-storage projects.
“We’re the hole in the donut,” Brent Farber said of 1801 Market St., which is half a city block in an otherwise heavily-developed area.
“It’s really designed for where we’re going, not necessarily where we are today,” Matt Joblon said of buying the site for a planned apartment building.
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