BusinessDen

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Recent Articles
  • Hallmark’s HMK store in Cherry Creek to close next week

    DENVER– Shoppers in Cherry Creek will have to find somewhere else to buy Valentine’s Day cards this year. Hallmark’s HMK store in Cherry Creek at 2940 E. 2nd Ave. is closing Jan. 27. All merchandise is 90 percent off, according to a sign on the door. “The HMK store was a test concept that we launched in 2014,” Hallmark spokeswoman JaioJaio Shen said in an email. “We learned a lot from this store and have cascaded many of those learnings […]

  • Son of former Crocs CEO launches footwear line featuring same foam-like material in Colorado

    DENVER– An upstart competitor in the world of quirky foam-like shoes is quite familiar with the industry’s biggest brand. The Denver-based startup sells shoes and sandals made from the same materials found in its competitor — ethylene-vinyl acetate, or EVA. Kellen’s dad John McCarvel, who is advising the new company and sits on its board, worked as Crocs’ chief operating officer and then as CEO from 2010 to 2014. Kellen said there has been a resurgence in the style of […]

  • Industrial site seen as future ‘extension of RiNo’ sells for $77M

    DENVER — Two of the early forces behind RiNo’s transformation have sold the project they moved on to. Developers Ken Wolf and Ari Stutz, who renovated the Denver Central Market building and others in the former warehouse district before selling them in 2018, last week unloaded a 482,700-square-foot industrial facility they owned in the Clayton neighborhood. ScanlanKemperBard Cos., a Portland-based real estate investment firm, and Harbert Management Corp. said they paid $76.6 million Friday for the property in the 3800 […]

  • Three-story project proposed at Bonnie Brae Tavern site

    DENVER– Redevelopment looks to be on the menu at Bonnie Brae Tavern. An early-stage development proposal that was submitted to the city in late December calls for a three-story building to replace the existing Tavern building at 740 S. University Blvd., as well as the gift shop next door. The plans bear the name of Joe Jundt, who said he hopes to develop the project with two local partners. He went under contract to purchase the properties about two months […]

  • Vacant LoDo building fetches $6.5M; construction consulting firm to move in

    DENVER — A vacant office building that curves around the corner of 15th and Blake streets in LoDo has sold, and a construction consulting firm will move in. Acting through an LLC, members of the Schwartzkopf family — who own Denver-based Sage Consulting Group — paid $6.5 million on Wednesday for the building at 1428 15th St., according to Scott Schwartzkopf. Scott Schwartzkopf, the son of Sage CEO Bill Schwartzkopf, said the company will move its offices to the building […]

  • Proposal to turn 12-story University Building along 16th Street Mall into hotel

    DENVER– A 12-story building along the 16th Street Mall could be turned into a hotel. A concept plan submitted to the city in December proposed the conversion of the University Building at 910 16th St. into an Arlo hotel. Concept plans are an early-stage development proposal, the precursor to a more detailed site-development plan. The hotel would have 209 rooms based on its current footprint. The plans show an addition at the rear of the building is being considered, which […]

  • Developer behind Chicago skyscrapers proposes 30-story office project in Denver

    DENVER — A developer responsible for multiple skyscrapers in Chicago wants to take on Denver. Chicago-based Riverside Investment & Developments, whose Windy City projects include the 54-story office tower 150 North Riverside and 55-story Bank of America Tower, submitted an early-stage development proposal to the city of Denver last week. The project concept, a precursor to a more detailed site-development plan, proposes a 30- or 32-story office building (depending how one counts the mechanical/parking levels) at 1901 Arapahoe St. The 1.26-acre […]

  • New potential buyer would preserve shuttered Berkeley funeral home

    DENVER — A closed funeral home building in Berkeley could be getting a new life. Bill Killam, a spokesman for neighborhood preservation group Historic Berkeley Regis, said funeral home operator Service Corporation International is under contract to sell the former Olinger Moore Howard Chapel at 4345 W. 46th Ave. to an entity that would keep it standing. Killam declined to identify the potential buyer, although he said, “They are in the business of property development.” “We’re very optimistic and looking […]

  • Uptown building leased to hotel operator Sonder sells for $6.3M

    DENVER — For the first time, a building in Denver leased to hospitality startup Sonder has sold. JDSM 630 16th LLC purchased the 20-unit property at 630 E. 16th Ave., which Sonder operates as a hotel dubbed The Essex, for $6.25 million, according to public records. The purchasing entity was formed by Denver attorney Don Conty, who said he was part of an ownership group that includes locals who already own apartment buildings in the area. FirstBank provided financing for […]

  • Downtown hotel fires back at Monfort 7-Eleven, says judge will approve eviction

    DENVER — Denver’s largest hotel wants 7-Eleven out. The joint venture that owns the Sheraton Denver Downtown Hotel on Tuesday countersued the convenience store that leases a portion of its building, asking a judge to award it control of the space. The 7-Eleven at 1550 Court Place has been owned since October by a company founded by Kenneth Monfort, son of a Colorado Rockies co-owner. He sued the joint venture last month, alleging it “embarked on a bad faith mission to terminate […]

  • Cherry Creek mall to drop first-hour-free parking policy

    DENVER–Come January 21, Cherry Creek Shopping Center no longer will allow customers to park in its garages and surfaces for up to an hour for free. Instead, the mall will charge $2 for parking up to two hours, and another $2 for each additional hour, according to signage posted on Monday at mall entrances. The mall began charging for parking in 2017. Those rates, which remain in place through the 21st, are free for up to one hour, $3 for up […]

  • Seven-story project proposed a block off Brighton in RiNo

    DENVER — A lodging property that would offer hostel-like shared bunkrooms along with private rooms has been proposed for a site a block off RiNo’s Brighton Boulevard. Katz Development submitted a project concept this week proposing the seven-story project at 3495 Wynkoop St. Project concepts are an early-stage development proposal, the precursor to a more formal site-development plan. Katz Development is led by Andrew Katz, who said his family regularly visited Colorado to ski while he grew up in Ohio […]

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