
The lender says the Greenwood Village property is worth less than the loan amount.
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The lender says the Greenwood Village property is worth less than the loan amount.
Encore is also working to open in Boulder.
The sellers couldn’t expand into the building as planned, so they priced it high enough to discourage developers.
But some members questioned why the developer wants to erect it.
The store along 104th Avenue closed in 2016.
Before the TV station leased 2323 Delgany St., WeWork did. But the coworking firm never opened there.
Auraria Student Lofts, which stretches 14 stories atop a hotel, sold for $56 million in 2019 and went bankrupt in 2022.
Bradley Eide’s Elevate Cos. paid a similar sum for a Lincoln Park property in April.
The space near Littleton, once a normal Macy’s store, has been a fulfillment center in recent years.
“This center has been one of the biggest examples of troubled properties that we’re trying to tackle,” the city’s planning director said.
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