Denver decided last year not to renew a contract with the family that had operated Echo Lake Lodge beneath Mt. Evans for decades.
Denver decided last year not to renew a contract with the family that had operated Echo Lake Lodge beneath Mt. Evans for decades.
The project by Amacon would be 39 stories and Denver’s largest condo building by unit count.
“I think we have before us tonight an example of extraordinary,” one council member said.
Mike Mathieson now wants to build income-restricted units on the property. An ex-mayor is among those calling for preservation.
Castle Rock apartments sell for $67M, UCHealth buys a City Park West building and a 30k sq. ft. industrial lease is signed in Denver.
“Nothing in real estate is a sure thing. But Cherry Creek is something special to both of us,” said Dave Bracht, who has been friends with Frank Penn since the 1990s.
The property is within a largely industrial area, although Denver Water’s headquarters is within a couple blocks.
The organization paid $5.85 million for the site along Delaware Street in 2021.
It’s the second recent sign of trouble for the Fous Property Group, led by CEO Bahman Shafa.
The company behind the bar and music venue paid $1.35 million last week for just shy of an acre along South Broadway.
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