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The city paid $6 million for an old car dealership that it wants transformed into 200 residential units in a complex that may include a branch library.
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The city paid $6 million for an old car dealership that it wants transformed into 200 residential units in a complex that may include a branch library.
Damian Maldonado did not take out a mortgage in connection with the Wash Park buy. But he was represented by the brokerage he founded.
Elements would relocate and buildings at 2495 and 2501 Blake St. would be replaced with a seven-story, 385-unit apartment complex.
The seller, who bought the site for $2.1 million in 2018 and spoke of building a 1,000-home, amphitheater-anchored community, ended up filing for Chapter 11.
A city official said Save Open Space Denver, which scored a win at the ballot box in November, doesn’t support the “prevailing vision” for the 155 acres.
The 327-acre former ski area had been listed for $26 million. Six parcels are now offered ranging from $2.5 million for undeveloped land to $13.5 million for the one with a 17,000-square-foot home.
“It was very un-Aspen and un-Vail,” said the interior designer of the vacation home built by a Bay Area couple on a 40-acre ranch in the Animas River Valley.
Regis, West Highland, Villa Park, Barnum and Barnum West would join Chaffee Park, Sloan’s Lake and East Colfax.
The sellers, who paid $1.9 million for it in 2008, added the court. It has a custom tile insert for sports team logos.
But “demolition and construction are still years away,” CEO Gary Yamashita said of “the only remnants of the once-thriving, multi-block Japanese community.”
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