
The 13-story building at 4600 S. Syracuse St., which is 90 percent leased, last sold for $60.8 million two decades ago.
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The 13-story building at 4600 S. Syracuse St., which is 90 percent leased, last sold for $60.8 million two decades ago.
The 110-unit project by Palisade Partners would replace a low-slung parking garage on a 0.36-acre lot.
The nonprofit, which paid $1.18 million a decade ago, expects the eventual buyer to redevelop the property.
Helikon Gallery & Studios closed in 2019, but the broker said the new owners have already leased the whole building to a new tenant he wouldn’t name.
The landlord of 4586 Tennyson St. is selling the property to an apartment developer, so the bar owners bought their own building at 3930 W. 38th Ave.
The developer most associated with RiNo has ventured into the Western Slope, paying $2.5 million for the Historic Western Hotel.
The sale will not affect the lease of Sassafras American Eatery, which took the space after the building owner’s shut down his own restaurant.
The block’s buildings are largely industrial in nature, but they appear poised for redevelopment.
The bike shop chain, which has four stores in Colorado, sees a market for e-bikes downtown.
The $1.25 million acquisition included Rebel Farm’s real estate at 5445 W. Evans Ave.
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