Property Location: SEC Interstate 25 & East Caley Ave., Greenwood Village
Property Description: Vacant land, 203-room Westin Hotel proposed
Land Size: 1.77 acres*
Sales Price: $1.6M, or $20.77 psf
Reception No.: D8041902
Closing Date: 4/30
Grantor: Greenwood Village Hotel LLC
Grantee: G-C GWV Land LLC, c/o Confluent Development, Randy Coakley, VP-real estate, 303-573-6500
Comments: Total fee-simple sale of land included Lot 1, The Westin Greenwood Village, plus tract A, totaling 3.57 acres. According to the original plans, the building will contain 134,000 sf, with a 4,800-sf restaurant/coffee shop, 9,900-sf meeting space, 11,100 sf in amenities & circulation area & 95,000 sf of guest rooms and support. The site size is 77,028 sf and will contain 53.8% footprint (41,441 sf) with guest rooms on floors two through six. Tract A will be 100% open space and will not contain any structures.
Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.