
“I was elected to represent my residents, and my residents don’t want this,” said Councilwoman Amanda Sawyer.
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“I was elected to represent my residents, and my residents don’t want this,” said Councilwoman Amanda Sawyer.
This is the second downtown building that Chicago-based Expansive has lost to a lender.
The company has been at I-25 and Colorado for 30 years and bought the building at 70% less than the owner paid in 2019.
“They’ve been knocking on the doors for years to buy it and we finally said yes,” the seller said.
The largely identical Cherry Creek Plaza buildings are both 13 stories, and about 335,000 square feet combined..
A receiver has been appointed for Centre Point Properties’ Highland Place II.
“We just looked at it as a pure land play,” said Central Street President Isiah Salazar.
“I think the future of Denver is going to be next to the river,” said Eric Weins.
The project by Shea Properties is poised to be the first office-to-residential conversion to begin in the Denver area since the pandemic.
“This is the first time this has ever happened in the state of Colorado,” Councilwoman Amanda Sawyer said.
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