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Mike Mathieson bought it for $2 million and got $8.3 million. The deal will allow the buyer to expand a condo project it has proposed next door.
Mike Mathieson bought it for $2 million and got $8.3 million. The deal will allow the buyer to expand a condo project it has proposed next door.
Broe’s eight-story 200 Clayton building has topped out and is expected to be completed in the first quarter.
Travis McAfoos, co-owner of Alchemy coworking, and Nava Real Estate Development are planning a five-story building with 150 units.
The Denver firm has had its office at 1125 17th St. since 1979, when the company finished developing the 25-story office tower.
Development is a family business for Brent Farber, who runs Elevation, and his uncle Rick Sapkin, who founded Edgemark.
The CEO of BMC Investments will build the seven-story, 100,000-square-foot Milwaukee Place in the 200 block of Milwaukee Street.
Granite Properties paid $104.8 million for First Avenue Plaza in February. Long Wharf Capital acquired 50 percent ownership.
It set a neighborhood record for a single-family detached residence. The other top five sales in Denver and Boulder ranged from $5.6 million to $7.9 million.
But the high-end gym chain will land in the neighborhood eventually, according to the head of BMC Investments.
“Schnitzer West had an exceptional experience developing Civica Cherry Creek,” said an exec. The firm wants to add an eight-story building at 201 Fillmore St.
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