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Developers planning Denver apartments pay $11.7 million for Golden Triangle site



Developers planning Denver apartments pay $11.7 million for Golden Triangle site

A pair of development firms planning a large apartment complex in the Golden Triangle have purchased the land.

Denver-based Summit Capital Venture Group and New York-based Rockefeller Group paid about $11.7 million across four separate deals this week for parcels at the southeast corner of 12th Avenue and Delaware Street, according to public records.

The parcels — 328 W. 12th Ave. and 1140, 1150 and 1158 N. Delaware St. — add up to 0.72 acres, according to property records. That makes the collective deal worth about $373 a square foot for the land. Travis Hodge and Tony Bobay of Capstone represented the seller in two of the transactions.

Summit and Rockefeller said in a statement that they plan to build a 13-story, 250-unit apartment complex with about 2,000 square feet of ground-floor retail space.

“With the current focus on the redevelopment of the Golden Triangle area, this was an ideal opportunity to launch a partnership with Rockefeller Group,” Jason Marcotte, a founding partner at Summit Capital Venture Group, said in a statement. “We are excited to further enrich the neighborhood with quality housing options and thoughtful retail activation at the street level.”

The properties are home to multiple structures, including an office building at 1140 Delaware St. used by and sold by the Junior League of Denver.

The site is home to multiple structures, including an office building used by the Junior League of Denver. (Thomas Gounley photo)

“Our plan is to find another stand-alone building that is right for our purposes,” Junior League President Caryne Mesquita told BusinessDen Thursday. “We are in the process of looking at buildings right now. As we look at the market, we’re finding there aren’t many out there. We may be doing a short-term lease to give us time. We still want a Denver address, somewhere in the Central Business District or a little bit farther south. But probably not right in the middle of downtown.”

Rockefeller and Summit’s project is expected to break ground in April and be completed in early 2024, according to the companies.

Summit has 466 multifamily units in development, and owns another 174 units between Denver and Salt Lake City that it acquired, according to the company. Rockefeller, meanwhile — whose top local executive is Jay Despard, formerly of Hines — is one of the two firms that owns the former Greyhound block in downtown Denver.

The Golden Triangle has become a hub for significant multifamily development in recent years, and changes approved by the Denver City Council this summer paved the way for taller buildings.

Major developers active in the neighborhood include Denver-based Urban Villages, Charlotte-based Lennar Multifamily Communities and Charleston, South Carolina-based Greystar.

BusinessDen reporter Eric Heinz contributed to this story.

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What must Matt Eberflus and Ryan Poles do first as the new leaders of the Chicago Bears? Find an offensive coordinator and energize Justin Fields.



What must Matt Eberflus and Ryan Poles do first as the new leaders of the Chicago Bears? Find an offensive coordinator and energize Justin Fields.

The grand unveiling is coming soon. Sometime in the coming days at Halas Hall, the Chicago Bears will introduce general manager Ryan Poles, who then will welcome coach Matt Eberflus to the stage.

A new regime is taking shape in Lake Forest with Poles and Eberflus now united and facing the immediate task of putting together their respective staffs in the front office and coaching wing. Away we go.

The mood at Halas Hall on Friday promises to be upbeat with both new leaders rising to positions of power they never have held and eager to begin molding the Bears according to a shared vision. Still, there is so much to learn about Poles, who’s 36 years old and arrives in Chicago after 13 seasons working his way up through the Kansas City Chiefs organization. Likewise, Eberflus will have to articulate his vision for how he hopes to bring this team together and rescue it from the mediocrity that has persisted for far too long.

As we set the stage for Friday’s news conference, here are five questions at the top of the list.

1. Who might the Bears target to become their new offensive coordinator?

As the curtain rises on the Poles-Eberflus era, arguably no question has greater significance. The Bears must work to put together a developmental plan for quarterback Justin Fields as soon as possible. And that means solidifying the infrastructure around Fields in a way that will energize the young quarterback and build his trust.

It is presumed Eberflus will have authority in assembling his coaching staff. But certainly, at some point during his in-person interview with Poles at Halas Hall, Eberflus shared his ideal plans for Fields and the offense.

So what will that entail? Well, it all starts with Eberflus identifying his top coordinator targets while also assembling a list of candidates to be the Bears quarterbacks coach. The NFL Network hinted Thursday that Philadelphia Eagles coordinator Kevin Patullo will be on Eberflus’ short list of possible coordinators. But who else is in the running? And what specifically will Eberflus and Poles be looking for in the person they tab to fill that role?

As far as position coaches go, will Eberflus want a clean slate? Or might he consider keeping incumbent quarterbacks coach John DeFillipo around to continue aiding Fields’ development? A move like that would offer Fields comfort and continuity and wouldn’t be unprecedented. In 2018, Matt Nagy chose to retain quarterbacks coach Dave Ragone from John Fox’s staff given the bond Ragone had built with Mitch Trubisky during their first season together in 2017.

2. How will Bears brass sell Matt Eberflus during their introduction?

When the team’s searches began almost three weeks ago, Chairman George McCaskey stressed that leadership would be the primary quality the Bears would be looking for.

Citing a passage from one of Bill Polian’s books, McCaskey said, “Great teams have coaches that the players respect. They don’t have to like him, they don’t have to love him. But they respect him.”

So specifically how did the Bears identify leadership traits in Eberflus? What did they see in him that they believe will resonate in their locker room?

Eberflus’ command of the Indianapolis Colts defense has been notable. This season, the Colts led the AFC with 33 takeaways and finished in the top 10 in points allowed. Three players — Darius Leonard, DeForest Bucker and Kenny Moore — were named to the AFC Pro Bowl roster last month. Among his players, Eberflus has a reputation for having a contagious passion with an ability to see the game and translate it into his teaching.

Eberflus always has wanted his defenses to be fast and aggressive with players having a freedom to operate off instincts. He is also big on accountability and makes a point to regularly call out players who aren’t hustling.

In fact, Eberflus might spend part of Friday highlighting his “HITS” philosophy, which reminds his players to always prioritize hustle, intensity, takeaways and situational smarts.

Still, many on the outside expected the Bears to hire a new coach with an offensive background to accelerate Fields’ growth. So McCaskey and Poles will have to explain how Eberflus’ potential as a head coach trumped the needs on the other side of the ball.

3. When did the Bears’ interest in Ryan Poles as a GM candidate begin?

For what it’s worth, Eberflus’ first interview with the Bears occurred Jan. 17. That same day, word began circulating that the organization had put in a request with the Chiefs to speak with Poles about the GM job. Coincidence?

To that point, the Bears had formally requested to meet with 12 other GM candidates and had spoken with seven of them. Then Poles seemed to pop up on their radar, and things took off.

So what sparked the initial interest? And what elevated the attraction in Poles? It will be interesting to learn more about how and why this union came together.

Poles, for what it’s worth, interviewed for the New York Giants’ GM vacancy on Jan. 13 and talked with the Minnesota Vikings about the same position five days later. Both organizations named him a finalist for their respective jobs. The Bears, though, met with Poles on Friday, then pushed to have him in for his second interview Tuesday.

Given that timeline, it’s worth mentioning the Bears began scheduling Eberflus’ second interview on Jan. 18, three days before meeting with Poles for the first time. So how did all the dots eventually get connected?

4. Was Poles’ coaching search truly thorough and comprehensive?

Of the nine teams with head-coaching vacancies this month, the Bears became the second organization to fill their opening, hiring Eberflus on Thursday morning just a few hours after the Denver Broncos reached a deal to hire Green Bay Packers offensive coordinator Nathaniel Hackett.

The Broncos’ coaching search, led by general manager George Paton, lasted 18 days from start to finish. The Bears’ coaching search, by comparison, wrapped up less than 48 hours after their new GM was hired.

Yes, the Bears had spent a week and a half interviewing at least 10 known candidates for head coach in the initial phase of their search. But that was before they had a GM in place. That, naturally, raises a series of legitimate questions. For starters, was Poles truly given full autonomy to decide who his coaching finalists would be? If so, how did he settle on his list of Eberflus, Dan Quinn and Jim Caldwell? And why did he meet with only three head-coaching candidates — and in such rapid fashion after he was hired? (The interview with Caldwell, for what it’s worth, took place Tuesday night just hours after Poles agreed to become the new GM.)

What was the extent of any legwork Poles had done in talking with possible head-coaching targets before he was hired?

For as much as the Bears promised a thorough and detailed search and backed those vows up by interviewing nearly two dozen candidates over Zoom in the 14 days after firing Ryan Pace and Matt Nagy, there have been curiosities circulating around the league as to how quickly the searches finished up. Poles, for example, was the only GM candidate to interview with the Bears in-person. Two other candidates who were presumed to be finalists, Monti Ossenfort and Eliot Wolf, never got their chances to pitch themselves in person.

Then, as mentioned above, the three in-person interviews Poles did with coaching candidates were crammed into a window of less than 30 hours. Presumably, the Bears have explanations for the mechanics of everything. Friday will provide their opportunity to shed more light on their methods and timelines.

5. What exactly happened with Dan Quinn?

The clues to this mystery might take significant time to piece together. But it was certainly notable Thursday when Quinn informed the Dallas Cowboys that he would be staying put in 2022, even after interviewing for head coaching openings with the Bears, Vikings, Giants, Denver Broncos and Miami Dolphins. (Quinn also turned down an interview request with the Jacksonville Jaguars.)

As of Wednesday night, in the hours after Quinn completed his in-person interview with Poles at Halas Hall, chatter within league circles indicated he might have an inside track to become the new coach. Yet Thursday morning news broke that the Bears had hired Eberflus.

So was the elevating Quinn buzz untrustworthy? Or did something prompt Quinn to reconsider?

It’s certainly noteworthy that Quinn was open to interviewing for so many head-coaching positions but ultimately wound up sticking in Dallas. Down the road, it will be fascinating to see what details emerge of his back-and-forth with the Bears.

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Woman fatally stabbed in Denver motel is identified Thursday



Two suspects arrested in death of 85-year-old man in Adams County

A homicide victim and a person hit and killed by a vehicle, both in Denver, were identified Thursday.

A woman who was stabbed on Jan. 22 in the 5000 block of West Colfax Avenue is identified as Dina Casias, according to the Denver Office of the Medical Examiner.

Casias died at the scene, the Western Hills Motel, and her cause of death was from sharp-force injuries, the medical examiner said in a news release.

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Teen dies from apparent accidental gunshot wound in Loveland



Teen dies from apparent accidental gunshot wound in Loveland

Medics pronounced a teenage boy dead Wednesday morning after he was found unconscious in an apartment in central Loveland. Police officials said they believe he accidentally shot himself in the leg.

Loveland Police Department Assistant Chief Laurie Scott wrote in an email to the Reporter-Herald that the department received a call regarding an unconscious teenager in the area of 500 E. 23rd St. at 10:42 a.m. Wednesday.

Medics arrived soon after the call at the apartment the boy was in, and pronounced the 16-year-old dead, Scott wrote.

She added that, after preliminary investigation, the department does not believe foul play is involved, and it appears the victim had suffered an accidental, self-inflicted gunshot wound to his leg.

She was not able to provide any additional information on the incident as the investigation is still ongoing.

While an autopsy was performed Thursday morning, final results are not expected for four to six weeks, Scott wrote.

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