“It is a hard business getting buildings designed and entitled in Denver,” the project’s Miami-based developer said Wednesday.
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“It is a hard business getting buildings designed and entitled in Denver,” the project’s Miami-based developer said Wednesday.
The 370 Interlocken building sold for $10.8 million, after fetching $34.5 million in 2022.
The 14-story Petroleum building at 110 16th St. was built in 1957 and was once home to 33 oil firms.
The 17 buildings sold for 47% less than they fetched in 2018.
Five years ago, Jay Soneff received a call that “felt like it was extortion.” He’s since spent $2 million building a company.
Fitness Premier will include space for third-party service providers like chiropractors. “That is our niche.”
The complex serves as the headquarters of Vantor, formerly known as Maxar Technologies.
Bridgewater Living, a 142-unit complex, was “in financial freefall” last year.
“Think of it as FedEx, but in space,” company spokesman Sebastian Grabowski said.
It’s the building’s first major revamp since it was fashioned out of a former department store in 1994.
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