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Nasser Sarvestanir spent six years crafting what he calls the “ultimate home.”
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Nasser Sarvestanir spent six years crafting what he calls the “ultimate home.”
They’re asking a judge to block development of Echelon at Eagle Bend, a 260-unit complex in southeast Aurora.
“We love Denver, but we only spend about a month here a year,” said Jerry Glauser, who with his wife also owns homes in Aspen, Arizona and Italy.
“Because our business is so urban and downtown-based, we want to find our place back in that space and help activate it,” Iconique founder Susan Chong said.
“Knowing they can’t break ground for more than a year is untenable for many people,” one homebuilder said. “Then you have the build time, so it could be three years before you can walk in the door.”
Payton, who signed a five-year contract for $18 million per year, is the NFL’s second-highest-paid coach.
The company, whose stock is down 90 percent from its IPO last year, increased its property count after a surge in post-COVID travel, then saw demand dip.
Those who put down money for Uptown 240 units don’t expect to get it back. “I’ve lost $135,000 but more importantly I’ve lost four summers in Colorado,” one said.
“We knew we had to tell a different story for a house that had previously been on the market for 200-plus days,” said realtor Delroy Gill.
City regulations don’t allow residents to tear out turf from the grass strip between the sidewalk and the road.
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