Moyski's new position promises to be as significant as his previous two positions. Corporex Colorado is the company that is co-developing the Museum Residences designed by architect Daniel Libeskind. Libeskind is the architect who developed the master plan for the World Trade Center replacement in New York City. Before joining Corporex, Moyski was the president of Cherokee Denver, which is developing 50 acres of brownfield land that is being turned into a $1-billion-plus transit-oriented development.
The other partners at Urban are Garrett Baum and Bill Branyan. "The main drive was the ability to truly have my own company, with my partner, Garrett," Moyski tells GlobeSt.com. "Garrett has been taking time off and on for over five years and has assembled an amazing portfolio of land. The idea is that my vertical development experience and my knowledge of capital markets will help drive value of the land, and together we will seek other opportunities both in land and in infill development."
That land opportunity includes Windler Homestead, about 800 acres in Aurora along E-470 and East 56th Ave. The land is zoned for more than 20 million sf of commercial and 2,100 homes. "We will never build it out to its maximum amount," Moyski tells GlobeSt.com. "It's so early in the planning, it's impossible to say what the completed dollar value will be or the amount of retail and commercial space that will be built."
Urban's other holdings include about 160 acres in Broomfield at I-25 and Colorado Highway 7 called Palisade Park; 100 acres along I-25 in Broomfield called Niven Land, that it owns in a joint venture with Alliance Commercial Partners; and about 500 acres at I-25 and Highway 7 in Broomfield called Preble Creek.
Moyski says that despite his departure from Corporex, the Indiana-based company is still moving forward on the Museum Residences, where condos sell for $500 per sf. "Corporex remains very committed to the Museum Residences," Moyski tells GlobeSt.com. "They have Glen Sibley there, who was with Corporex much longer than me, and who will be running it on the day-to-day basis."
Sibley says there are no hard feelings. "It's unfortunate to lose a guy as talented as Steve," Sibley tells GlobeSt.com. "But he had an opportunity that was simply too good to pass up. It was an opportunity to be a true entrepreneur. With an organization as big as ours, the loss one person doesn't slow us down. We're still going full steam ahead in Denver. We're very bullish on Denver."
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