Regents OK sale of part of Ninth and Colorado property

Closing expected Friday

The University of Colorado Board of Regents on Tuesday voted to authorize the sale of 6.74 acres of the East Ninth Avenue and Colorado Boulevard campus property in Denver, the first step in pursuing collaboration with other developers on the remaining acreage.

The sale to LPL Denver Colorado Development LLC is expected to close Friday.

On a conference call, the regents voted 7-0 to approve the sale; Chair Michael Carrigan abstained, as the chair is not required to vote if there’s no tie to break; Regent Stephen Ludwig was absent.

The former site of the CU Health Sciences Center encompasses 28.55 acres.

Developer plans call for apartments to be built on the 6.74 acres being sold. Previous plans for mixed-use retail, restaurants and housing on the entire parcel have not yet come to fruition, but the pending sale is expected to be followed by new proposals for development on the site.

 

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2 Responses to Regents OK sale of part of Ninth and Colorado property

  1. Jay, What will happen to the old nursing dorm on the old campus? At one point it was to be preserved as a historic building. Is that part of the property the current developer will keep or is it being sold to a new developer? The College of Nursing has a lot of alumni who are interested in the fate of the dormatory and they tell wonderful stories about living there and walking through the tunnels to the hospitals (psych and university). Please keep us updated on this issue. Thanks! Deanna

  2. Jay Dedrick says:

    Thanks for your question, Deanna. The dorm is not on the property that was sold on Friday. It’s on the portion of the land that the university now aims to sell to a yet-to-be determined buyer. We will continue to follow the progress of Ninth and Colorado here in CU Connections.

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