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Jan 08

Denver council OKs $19.3 million purchase deal for CDOT sites, but affordable housing components aren’t a sure thing yet

The Kentro Group, which is footing the full cost to buy the properties, still must return to the council in coming months to request new zoning for one site, at 4201 E. Arkansas Ave., that now is home to CDOT’s headquarters. It lacks zoning that would support Kentro’s housing and retail plans.

This article has 2 other Denver locations (Show)

On the other property, which contains a CDOT regional office at 2000 S. Holly St., the developer’s plan to include assisted-living housing as part of a larger market-rate development is dependent upon obtaining an adjoining gas station, a representative told a council committee last month.

CDOT plans to abandon both properties this year when it moves its headquarters and Region 1 office into a new $70 million building southeast of the West Colfax Avenue and Federal Boulevard interchange.

    Denver council OKs $19.3 million purchase deal for CDOT sites, but affordable housing components aren't a sure thing yet
    Denver city officials received the official green light Monday to carry out a complex $19.3 million purchase deal that will result in the transfer of two Colorado Department of Transportation administration properties to a private developer.
    https://www.denverpost.com

Jan 02

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