The Denver restaurateurs are buying a K-12 school an hour from the New Mexico border in Le Veta and plan to turn it into townhomes and maybe a brewery.
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The Denver restaurateurs are buying a K-12 school an hour from the New Mexico border in Le Veta and plan to turn it into townhomes and maybe a brewery.
“We felt that the assets would be better invested in our endowment,” the Christian school’s president said of the $28 million deal.
The Dallas-based developer is already constructing apartment projects in Cherry Creek and the Golden Triangle.
A city planner said the 38th and Blake zoning overlay has not been tremendously successful but he expects the outcomes to be significantly better this time.
“It’s just a balance,” said Mayor Adam Paul of crafting rules that allow operators and protect their neighbors.
The prominent downtown development site is currently a parking lot zoned for unlimited height.
The deal with Tracy Weil gives Bernard Hurley an additional half-acre for his upcoming Hurley Place mixed-use project.
The 2.1-acre site where the 237-unit project is planned is currently home to industrial buildings, a martial arts school and Japanese restaurant Domo.
Fourteen months after authorizing fines of up to $1,000 per day for booking providers like Airbnb and Vrbo, the city has yet to do so. And it hasn’t filed a criminal complaint in over two years.
The X Company proposed an 18-story building with 409 apartments. It completed a project in Union Station North, and is currently building in Arapahoe Square.
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