DENVER — After sitting empty for nearly 11 months, the Denver Diner building sold for nearly $5 million last week.
Brue Baukol Capital Partners sold the building at 740 West Colfax Avenue to JPMorgan Chase for $4.875 million, according to the accessor's office.
Chase plans to convert the 3,600-square-foot space into a bank branch. The branch is expected to open in late 2022, said Maura Cordova, a spokeswoman for Chase.
"It's a fantastic corner at the entrance to downtown and the heart of the Civic Center Area," Cordova said in an email to the Denver Gazette. "There is also a lot of residential redevelopment in the area and we want to serve our customers there."
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