The Greyhound bus terminal in downtown Denver went darkish final week. The way forward for the now-vacant station and the virtually 2.5 acres of prime downtown actual property it sits on remains to be up within the air as a thriller would-be purchaser circles.
Greyhound Strains introduced Oct. 1 that it has moved its intercity bus operations out of its longtime Denver base at 1055 19th St. to Union Station, the town’s core transit hub.
Greyhound officers first mentioned the transfer final spring after actual property providers agency JLL put out a information launch highlighting that it will be serving to Greyhound promote its terminal property, which takes up your entire block bounded by 19th, 20th, Arapahoe and Curtis streets.
The relocation occurred on schedule, Greyhound officers say, however coronavirus has slowed efforts to promote the property that metropolis data point out is value greater than $32 million.
“Whereas COVID-19 has not impacted Greyhound’s transfer to Union Station, it has impacted the sale of the Denver terminal,” Greyhound spokeswoman Crystal Booker mentioned in an emailed assertion Wednesday. “Whereas we can’t at present share data concerning the asking worth or potential consumers for the property, we are able to share that we goal to finish the sale of the Greyhound station by the top of 2020 or throughout 2021.”
There’s a potential purchaser concerned proper now, based on JLL.
“All I can share that it’s underneath contract,” JLL spokeswoman Andriana Gavrilovic mentioned. “Nothing has been finalized and signed. I’m not, sadly, allowed to say who it’s.”
A minimum of one firm that confirmed curiosity within the property now seems to be out of the working to purchase it.
Toronto-based developer First Gulf submitted an idea plan for the property on March 6. The early-stage plans referred to as for 2, 400-foot tall buildings on the block, the utmost peak allowed by the zoning code. One tower would have housed 700,000 sq. toes of workplace area and the opposite would have added 750 condos or flats plus retail area.
That idea plan was rejected by the town’s planning workplace, spokeswoman Amanda Weston mentioned in an e-mail this week. First Gulf by no means resubmitted a plan that addressed points together with transportation and design assessment.
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BusinessDen lined the idea plan again in March. This week, a First Gulf consultant instructed BusinessDen that the corporate is “now not concerned” with the Greyhound property.