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.
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