DENVER-The Regional Transportation District Board will go up to $60 million and not a dime more to gain title to Union Station in LoDo. Appraisers are being hired to determine a station value so an intermodal hub project can proceed.
DENVER-Developer Bruce Berger is frustrated by a union-backed petition for a referendum vote on a $55-million subsidy for his convention center hotel project. He's holding onto hope in the midst of a controversy that pits constituents against council.
DENVER-Downtown workers like where they're located and more would be willing to live in the CBD, but fear it's out of reach for their pocketbooks. In a random survey of 750 downtown businesses, 68% of the respondents take the CBD over the 'burbs.
VAIL, CO-A $4-million expansion and renovation will change the look of Vail Cascade Resorts & Spa. Headlining the changes will be fitness retail stores and spa boutiques. The new Aria Spa & Club also brings a host of interior changes for the popular resort.
ASPEN, CO-The Aspen Club Lodge has changed hands about three years after it had been bought and refurbished. Chicago-based Jupiter Realty is getting more than $20 million from Washington, DC-based Northridge Capital for the 90-room lodge.
DENVER-First Data has accelerated its building plans for a one-million sf office campus in the Meridian International Business Park. Ground has broken on a 166,000-sf phase two, which is a mirror image of a building that had opened in 1998.
DENVER-East West Partners is hard at work on its contribution to a $100-million Riverfront Park project. A host of retail businesses complement East West's 54-unit luxury loft project. The developer's land sits at the edge of the eclectic LoDo.
DENVER-Denver voters most likely will get their say about a $55-million subsidy to developers for the planned $220-million Hyatt Regency Hotel. The opposition camp says no money unless Hyatt agrees to remain silent as the hotel union courts workers.
AURORA, CO-Miller Weingarten Realty will be undertaking a 65-acre, 600,000-sf city center in Aurora. A 175,000-sf Super Target anchors the pedestrian-friendly, urban village, situated in a trade area that's grown by 10% in the past five years.
VAIL, CO-Vail Resorts Development is undertaking a market study to see what would-be buyers prefer in timeshare options. Vail is hoping to capture some of the market in what is considered a booming business, says a resort executive.