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Expansive still owns two other area properties whose loans are in default.
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.
Developers, including Donald Trump in the mid-2000s, have for years floated the notion of a tower on the adjacent parking lot.
The Solarium building has been in receivership since January.
Does Oluwole Jolaoso regret paying $3.7 million for the 19,000-square-foot home in Foxfield? “Of course I do.”
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