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“It was not an easy decision to sell,” owner and onetime Olympic skier Michelle Roark said. “I thought I would hand down this building to my children.”
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“It was not an easy decision to sell,” owner and onetime Olympic skier Michelle Roark said. “I thought I would hand down this building to my children.”
The project would replace the structure at 1559 Logan St., as well as parking lots to the north and south.
The Carmen Court Condos complex is at the corner of 1st Avenue and Emerson Street, across from a small park.
BusinessDen reported prior to the Friday announcement that the deal was in the works.
Sales in Broomfield, Denver and Boulder also made the top five.
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It’s the company’s first buy since acquiring part of Cap Hill’s Poets Row in November.
AMLI Residential plans to build a 370-unit apartment complex.
The six-unit building at 1st and Emerson sits on a lot zoned for up to five stories.
“I think some sellers didn’t want strangers going through their house,” a DMAR official said. “I also think some may have uncertainty in their jobs.”
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