The family that owns Front Range Land and Development, the company behind the mixed-use project, sold part of its farmland decades ago to the developers of the Denver Technological Center, or DTC.
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Prime West pays $5M for site of planned Sunnyside apartment building
BusinessDen file)
Prime West has closed on land in the Sunnyside neighborhood as the Denver-based development firm pushes into the multifamily sector.
The company paid $4.94 million in mid-December to secure 0.79 acres on the east side of the 4100 block of Jason Street, according to public records. That works out to about $144 a square foot.
The deal involves everything on the block north of Waldschänke Ciders + Coffee. The parcels are home to a pair of industrial buildings, as well as two single-family homes.
Prime West submitted a site development plan last spring, proposing the demolition of the existing structures and the construction of an eight-story, 208-unit apartment building. The site was subsequently rezoned by the Denver City Council.