Regents OK sale of part of Ninth and Colorado property

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.