Summit Communities spent $90 million on two properties in Aurora, then wound up defaulting on the loans.
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Summit Communities spent $90 million on two properties in Aurora, then wound up defaulting on the loans.
Craig Clark closed on the acquisition on the heels of his purchase of downtown Denver’s Trinity Place.
“We’re under the impression [that it was the Broncos], but we can’t confirm that,” a broker said.
Cherry Creek’s most prolific developer has someone new handling the day-to-day.
The Empowerment Program, a local nonprofit, is building 70 units where there had been 20.
“The airport moved. It’s not like that happens every day. So the highest and best use is no longer hospitality for this site.”
HDR, currently at 1670 Broadway, just leased 74,000 square feet in a new building.
Cemco, which used to operate at 480 Osage St., moved to Commerce City.
The building fetched slightly more than it did before the pandemic — and there’s a key reason for that.
“We think it’s a really good opportunity,” said Tom Kurek, a state official overseeing the project.
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