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$100-Mil Sears Redevelopment Snags Council OK

DENVER-City council has quashed a controversy over a $100-million redevelopment of a Sears Roebuck & Co. property. Council has signed off on a zoning change on its height restriction following four hours of listening to the pros and cons.

By John Rebchook | Updated on January 17, 2001

DENVER-Despite heavy opposition, Denver City Council has given its blessing to a rezoning that will allow Sears Roebuck & Co. to redevelop a retail site with a 110-foot office building.

Council has approved the request for the property in the tony Cherry Creek North neighborhood, located about three miles east of the CBD. Council had signed off on the zoning change shortly after midnight. The 110-foot office building will serve as the new headquarters for mutual fund giant Janus Capital Corp. and a four-star, 130-foot hotel. Until the vote, zoning had restricted building heights to 55 feet. Several taller structures, ranging from 85 feet to 110 feet, in the development area had been grandfathered when the ordinance had been enacted.

The decision had come on the heels of four hours of public debate. Ten council members had endorsed the change for the $100-million development plan while one abstained and another had recused herself because her attorney son is representing the proposal’s opposition.

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