That’s a problem for his landlord and city officials who want more residents downtown.
That’s a problem for his landlord and city officials who want more residents downtown.
It’s one of three office conversion applications pending before the Downtown Development Authority.
The two out-of-state development firms bought the site for $38 million in 2020. It’s sat empty since.
Dan Huml’s Magnetic Capital and Garrett Baum’s Urban Frontier requested $7.5 million from the DDA.
The 14-story Petroleum building at 110 16th St. was built in 1957 and was once home to 33 oil firms.
Denver Chief Projects Officer Bill Mosher said he doesn’t want mall tenants to have an unfair advantage.
The city wants the struggling mall to become “the Union Station of Upper Downtown.”
Evan Makovsky leased the space to Jevon Taylor. “Obviously, I’m gambling along with Jevon and the city,” Makovsky said.
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