Denver, CO
Farbers sell LoHi apartment development site for $9.5M
The Farber brothers have sold a site in LoHi with approved development plans, and a groundbreaking is imminent.
Elevation Development Group, founded by Brent, Brad and Gregg Farber, sold 0.68 acre at 3301-3333 Mariposa St. in Denver on Wednesday to Greenwood Village-based Century Communities.
Century, a large homebuilder that also develops apartments, paid $9.5 million, records show. That works out to $322 a square foot.
The Farbers bought the property in 2019 for $5.65 million, records show. At the time, it was home to industrial buildings, which have since been demolished.
The site is zoned C-MX-5, which generally allows a mix of uses up to 5 stories.
The Farbers, who didn’t respond to requests for comment, submitted initial plans in late 2020 for apartments on the site. The latest version, which has been approved by the city, calls for 116 units.
Century Executive Vice President Jim Francescon confirmed in a statement that the company will build that project. It will break ground this week, he said, and wrap up sometime in 2028.
The Farbers, who operate out of Cherry Creek, have built two office buildings in that neighborhood. Last year, they completed the Steel House office building in RiNo in partnership with Boston, Massachusetts-based Beacon Capital Partners.
The Farbers also own half a city block along Market Street in downtown Denver, where they’ve proposed apartments.
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DENVER (KDVR) — Denver police are investigating a hit-and-run crash involving a motorcycle on Tuesday evening.
The Denver Police Department reported that the crash also involved a motorist and happened at East 9th Avenue and Colorado Boulevard.
The motorcyclist was taken to the hospital with serious injuries.
Police did not release any description of the suspect vehicle.
Denver police said drivers should expect delays in the area.
This is developing news.
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HOUSTON COUNTY, Ga. (WGXA) — A woman accused of murder at Houston Lake Apartments back in March has returned to Middle Georgia after her arrest in Denver.
27-year-old Tylar Oglesby of Warner Robins is now in custody in Houston County for her alleged role in the shooting death of Diandre Oates at Houston Lake Apartments on the night of March 12.
MIDDLE GEORGIA CRIME | Incident report reveals new details on human remains found in a west Macon creek
Officers on the scene found Oates with a gunshot wound behind the 1700 building, and he was then pronounced dead by the Houston County Coroner’s Office.
The first arrest made in the case happened on March 18, with Perry Police arresting Alexander Culler on a warrant for murder surrounding Oates’ death.
Oglesby was arrested over a week later in Denver, Colo., on a warrant for a party to a crime in connection with the fatal shooting.
Oglesby has since returned to Middle Georgia from Denver, where she faces a pending murder charge at the Houston County Detention Center.
Stick with WGXA where we’re keeping you ready for what’s next.
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