The vacant lot at 2000 Welton Street is now on the market for $4.5 million. Previously purchased by Raven Capital and the X Company in 2022 for $6.8 million, this site was earmarked for an ambitious development of an 18-story, 409-unit apartment building, branded under the X social club.
Raven Capital, having successfully developed X Denver 1 in Union Station and X Denver 2 at 2130 Arapahoe Street, originally planned to extend their footprint in Denver's urban landscape. However, in a strategic realignment of their portfolio, they decided to halt the project and redirect their investment to other projects.
This decision opens the opportunity for new investment, with the property's price reflecting an urgency for a quicker transaction, avoiding the full entitlement phase for the buyer. This lot offers a unique chance for development in one of Denver's key locations.
Lot Size: 21,937 sf
Interested developers can contact Steve Kawulok at SVN Denver Commercial. 970.691.1220