
It’s the fourth downtown office building to enter foreclosure since the pandemic.
It’s the fourth downtown office building to enter foreclosure since the pandemic.
The building is leased to RiNo Country Club, a bar with an outdoor mini golf course.
A bankruptcy case complicated Fortress Capital’s previous efforts to take over 1051 14th St.
Expansive still owns two other area properties whose loans are in default.
The owner of the Ramada purchased it for $3.1 million in 2001.
The owner of Cherry Creek Plaza I and II bought them in March 2020.
The owner bought it for $420,000 in 2012, then took out $4 million in loans on it between 2018 and 2022.
We scoured county foreclosure records, third-party reports and court filings to determine the downtown buildings that have run into trouble since the pandemic.
A receiver was appointed to oversee the building last month.
The project has not broken ground, but the owner is wrapping up construction of a separate hotel next door.
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