The latest "for sale" sign - with an asking price of nearly $8.5 million - is hanging on the 94-year-old Central Branch of the YMCA. The six-story, 173,078-sf building sits on about a full acre at the intersection of 16th Ave. and Lincoln St., one of the CBD's busiest crossroads. Charlie Woolley, head of the Denver-based St. Charles Town Co. listing agent, told GlobeSt.com the decision has been made "in an effort to better serve its members."
The YMCA can simply can no longer to afford to maintain the property, and wants to find a site better suited for its 2,600 members, says Michele Foster, also of St. Charles Town Co. The facility serves more than 12,000 people a year through programs, including health and wellness, aerobics and aquatics. "The YMCA is committed to staying downtown," she emphasizes.
Consideration will not only be given to the price, but buyers who are willing to suggest options for the YMCA's relocation, says Woolley. The YMCA is interested in a leaseback arrangement for a portion of building. "However, the seller will consider all offers," says Woolley.
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