Apartment developer pays $7M for site of third planned Denver project
This article first appeared on BusinessDen.com, a BizWest news partner.
An apartment developer currently building its second Denver project has acquired the site for a third.
Chicago-based The X Company purchased the half-acre 2000 Welton St. parking lot last month, paying $6.8 million, according to public records.
The deal works out to $311 a square foot.
The X Company submitted an initial development proposal for the site in late 2020, proposing an 18-story project with 409 apartments. The company didn’t respond to a request for comment.
The property was sold by an entity affiliated with EXDO Group Cos. and Elevation…
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