This Week's Denver Deal Sheet
The Gaylord Rockies Resort & Convention Center is seeking to expand.
The Denver Business Journal reports the owner of the hotel at 6700 Gaylord Rockies Blvd. submitted plans to the city of Aurora that would add another 450 rooms, increasing its capacity from 1,501 to 1,950 rooms while creating a 47K SF indoor addition to its water park.
The city of Aurora is expected to vote on Phase 1 of the expansion plans in October, according to city documents. Gaylord Rockies opened in December 2018 after three years of construction. The 85-acre hotel property is owned by Ryman Hospitality Properties and is part of the Marriott Bonvoy brand.
CONSTRUCTION AND DEVELOPMENT
Ardent Mills, a Denver-based flour milling and ingredient company, says it will expand its Commerce City facility.
According to the DBJ, the expansion is expected to break ground later this year and will add about 32K SF to the complex. The project is expected to be complete by the end of 2026 and will reportedly boost the facility’s daily output from 1.8 million pounds of flour to 2.8 million pounds.
“In the last two decades, this region has experienced significant population growth which has led to more demand for food manufacturing and supply,” Ardent CEO Sheryl Wallace said in a press release. “This project will enable Ardent Mills to incorporate the necessary growth needed to optimally serve the market today and in the future.”
PEOPLE
Holland & Hart announced that attorney Allison Pofit Altaras has joined the firm as a partner in the Denver office, enhancing the firm’s land use and real estate development capabilities.
Pofit Altaras is an adviser to developers, investors and landowners in Colorado and throughout the Mountain West. She also handles the financing and development of horizontal infrastructure and utilities.
SALES
Flywheel Capital announced the acquisition of two industrial properties at 4970 Cook St. in Denver and 5790 Dahlia St. in Commerce City. The purchase prices weren't disclosed. Flywheel Capital represented itself, and Newmark brokers Mike Viehmann, Mike Wafer and Mike Wafer Jr. represented the seller.
The Cook Street property is a 20K SF, single-tenant, net-leased industrial property on 2.5 acres in an opportunity zone. 5790 Dahlia St. is a 7K SF property on 2.1 acres.
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Pinnacle Real Estate Advisors announced the sale of two properties in metro Denver.
The first, a 10-unit apartment property at 1120 Third Ave. in Longmont built in 1880, sold for $1.9M.
Pinnacle’s Luke Salazar, Jim Knowlton and Robert Lawson represented the seller, and Josh Newell, Connor Knutson and Jake Waxter represented the buyer.
A 15-unit building at 1301 E. 33rd Ave. in Denver, meanwhile, sold for a contract price of $3.5M. That property was built in 1961. Adam Rakoczy, Lawson and Salazar represented the buyer.
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Unique Properties Inc./TCN Worldwide announced the sale of a 6K SF retail building in the Ken Caryl area for $3.6M. The property at 10278 Centennial Road was fully leased to three national credit tenants, Starbucks, Row House and Jersey Mike’s.
Sam Leger and Graham Trotter of Unique Properties/TCN Worldwide listed the property for sale on behalf of the seller.
THIS AND THAT
Denver’s new Populus hotel is opening next month with a One Night, One Tree program. Populus will reportedly plant one tree for every night’s stay, representing up to 20,000 newly planted trees this year. The program is in partnership with the National Forest Foundation.
