DENVER — The Denver Post building may soon have a new owner.
The City of Denver plans to buy the prominent building on the edge of downtown for $88.5 million, according to a resolution request going before the city's Finance and Governance Committee next week.
The document says that the city has an agreement with Kayan LLC, associated with New York-based American Properties, to purchase the building at 101 W. Colfax Ave.
The 11-story building was last sold in 2006, the same year it was built, for $93.42 million, according to county records. The 340,538-square-foot building has 303,733 rentable square feet and a 635-space parking garage, the document before the committee says.
Other features of the building include balconies overlooking Civic Center Park and a ground-floor auditorium that seats 200.
> Read the full story at the Denver Business Journal.
RELATED: Fans camp out in Denver for whiskey
SUGGESTED VIDEOS: Colorado real estate market
9NEWS+
9NEWS+ has multiple live daily shows including 9NEWS Mornings, Next with Kyle Clark and 9NEWS+ Daily, an original streaming program. 9NEWS+ is where you can watch live breaking news, weather updates, and press conferences. You can also replay recent newscasts and find videos on demand of our top stories, local politics, investigations and Colorado specific features.
To download 9NEWS+ on Roku search for KUSA.
To download 9NEWS+ on Fire TV search for 9NEWS.
