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FCP, Abacus Capital and Big Cypress Capital Expand Assemblage for the Quarter South End; Construction Starts on 2218 Toomey Avenue Adaptive Reuse
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FCP, Abacus Capital and Big Cypress Capital Expand Assemblage for the Quarter South End; Construction Starts on 2218 Toomey Avenue Adaptive Reuse
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Deal Ticker: Garland Electronics Manufacturer Plans Major Expansion
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300 apartments planned as site by Globeville rail station sells for $16M
Thomas Gounley photo)
A pair of local developers have unloaded their site by a Globeville rail station to a New York-based firm planning apartments.
Brue Baukol Capital Partners and LCP Development, both Denver-based firms, were paid $16.1 million last week for the 689 and 725 W. 38th Ave. parcels, according to public records.
The parcels, which add up to about 3.9 acres, are just south of RTD’s 41st and Fox station.
The buyer was AMFP V Fox Station LLC, which is affiliated with Abacus Capital Group.
A local executive with the firm did not respond to a request for comment, but plans submitted to the city last year indicate Abacus wants to develop three five-story apartment complexes at the site, with about 300 units in total. There would also be an eight-story garage.