[TakeFive]

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Source

https://www.bizjournals.com/denver/n...ect-pando.html

The site of a planned 13-story apartment building at the intersection of 19th Street and Chestnut Place, in Denver's Union Station neighborhood, sold recently to multifamily developer Greystar for $11.97 million, according to property records. The seller was Pando Holdings, a Denver-based developer that has already gained the city's approval for a 13-story, 198-unit apartment project on the site The 0.37-acre site is located at 2059 19th St., just northwest of Coors Field. Pando Holdings purchased the property in June 2019 for $6.25 million, according to property records. Pando... told Denver Business Journal that Greystar intends to carry out Pando's existing plans for the site.

A formal site development plan, submitted in the fall of 2020, calls for a roughly 130,000-square-foot building with a total of just 12 parking spaces. The planned project would stretch nearly 140 feet tall, which is the maximum allowed under the current zoning.