A neighborhood developer desires to interchange an outdated movie show off Interstate 25 in south Denver with a brand new condo advanced.
The plans had been submitted by Century Residing, the multifamily improvement arm of Greenwood Village-based Century Communities, on Friday. The proposal requires the demolition of the previous Regal Continental theater at 3635 S. Monaco St. Parkway and for 2 four-story condo buildings to be constructed on the 6.9-acre website instead.
Century Communities was unable to remark by press time Monday.
The event would place a parking storage on the middle of every condo constructing, with the models themselves being constructed round it. A complete of 439 parking areas and 417 flats, starting from studios to three-bedrooms, could be constructed.
Enterprise Structure designed the 467,000-square-foot venture, per the plans.
Century Communities doesn’t but personal the land. The present property proprietor is Realty Revenue Corp., an actual property funding agency. It bought the location in 2014 for $14.8 million. The Regal Continental theater was in operation then, having first opened within the Sixties.
It closed in April of final 12 months, certainly one of 39 Regal Cinemas shuttered throughout the U.S. as its mum or dad firm, Cineworld, went bankrupt.
This story was reported by our companion BusinessDen.