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The Denver-based real estate firm needs the City Council to rezone the property for structures up to 12 stories before it can proceed.
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The Denver-based real estate firm needs the City Council to rezone the property for structures up to 12 stories before it can proceed.
A five-story, 435-unit apartment complex is planned for the property, which spans a full city block along Kalamath Street.
The 85-unit redevelopment would replace several two- and three-story commercial buildings along Detroit Street built between the 1960s and 2000.
“There’s probably a 1,000-bed shortage right now” in Winter Park, said Bob Fanch. “If you can’t find a rental, where do you live?”
Also in the top five were homes in Boulder, Hilltop and Castle Rock plus another Four Seasons condo that all sold for more than $4 million.
The 12,464-square-foot mansion was built in 2013 by Sienna Custom Homes. A photo of the kitchen is featured in the William Ohs Cabinetry company catalog.
The City Council was supposed to vote on an ordinance Aug. 23, but members said they needed more time to discuss taxes and zoning.
The five-story project at the corner of 2nd Avenue and Cook Street is a block away from its first and would have 110 units and 165 parking spaces.
The deal is worth about $275 a square foot for the 2.3 acres bounded by Blake, Walnut, 33rd and 34th streets, which is currently home to several industrial buildings.
Capitol Hill United Neighborhoods is investing in its future by placing proceeds from the partial sale of a Cheesman Park property with The Denver Foundation.
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