The Royal Palace Motel, which closed in 2013, was built “at the end of the golden era of motels along Colfax” in the 1960s.
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The Royal Palace Motel, which closed in 2013, was built “at the end of the golden era of motels along Colfax” in the 1960s.
The Colorado Housing and Finance Authority chose the winners from 26 applications. Combined, they will have 592 income-restricted units.
The developer wants to replace the existing packaging facility with a 500-unit, 12-story residential building and a seven-story office building.
The outside linebacker for the Broncos from 2011 until last October bought the home in 2012 for $925,000 and added to it.
Counting all 38 transactions, the company averaged a profit of $31,000 per flip.
The land where the campsite will move is owned by St. Francis Center, which has been helping operate the Regis camp.
The sale comes weeks after Broncos quarterback Russell Wilson paid $25 million for a home in the village.
Brookhaven Capital Partners has proposed redeveloping the 130-room hotel into a nine-story residential building with 370 units.
The buyer plans to develop an 85-unit, eight-story building on 0.72 acres, making the deal worth $928 a square foot based on the land.
The Broncos QB dropped $25M in Cherry Hills Village. Mansions in Belcaro, Golden and Boulder ranged from $6.3 million to $7 million.
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