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<\/p>\nA half-block in Uptown has been sold to a developer planning to construct apartments.<\/p>\n
The west side of the 1700 block of Grant Street sold for $11 million in December to AMFP VI Grant LLC, an entity that lists an office address corresponding to that of New York-based Abacus Capital Group.<\/p>\n
The site\u2019s two parcels — technically 1717 and 1775 Grant St. \u2014 add up to 1.44 acres, making the deal worth $175 a square foot.<\/p>\n
Abacus, which also\u00a0paid $16 million in 2021\u00a0for a development site in the Fox Park section of Globeville, didn\u2019t respond to a request for comment last week.<\/p>\n
The site was sold by Wells Fargo Bank, which operates a branch in a one-story terraced brick building in the middle of the block. There are courtyards on both ends of the block, one featuring a sculpture and the other a planter in the shape of the United States.<\/p>\n
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The branch remains open. Wells Fargo told the Office of the Comptroller of the Currency, a federal regulator, in 2021 that the company intended to close the branch, but withdrew that notice last October, records show.<\/p>\n
Wells Fargo spokesman Tony Timmons told BusinessDen in October that the relocation of customer accounts from Uptown to a new branch at 2223 E. Colfax Ave. was delayed because planned improvements to the latter had not been completed. Timmons didn\u2019t respond Friday to a request for additional comment.<\/p>\n
Abacus, meanwhile, intends to eventually redevelop the block. A concept plan submitted to the city last June, in time to\u00a0be exempt from new income-restricted housing requirements, calls for the construction of a seven-story, 259-unit apartment building.<\/p>\n
To the north of the property is one of the parking lots owned by the Dikeou family, which last year\u00a0restarted a push to get the lots rezoned\u00a0to allow taller structures.<\/p>\n