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Subcontractors say they’re not being paid at Novel RiNo, 1300-1350 40th St.
Subcontractors say they’re not being paid at Novel RiNo, 1300-1350 40th St.
The Colorado Trust is downsizing from its current space in Cap Hill.
The expected buyer is local and considers Industry a “trophy building.”
“It just got caught in a combination of a hurricane, a cyclone and a tornado — all three combined,” said the building’s developer.
The station sold its property at Speer and Lincoln to a developer in 2021.
The owner bought it for $420,000 in 2012, then took out $4 million in loans on it between 2018 and 2022.
Zeppelin Development had wanted Cordes & Co. to get the job.
It’s the company’s second time raising money from small investors through the website Wefunder.
“The pressing plant has not demonstrated the ability to press vinyl records in a timely or professional manner.”
If a receiver must be appointed, don’t pick The Stapleton Group, Zeppelin argues.
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