41-Acre Globeville Site Sells for $56.5M

A 41-acre Fox North development site, also known as the former Denver Post property, located at 4400 Fox Street in Denver’s Globeville neighborhood, has sold for $56.5 million, according to property records.

Eric Roth and Martin Roth of CBRE’s Denver office represented the seller, a joint venture between Woodspear Properties, based out of Greenwood Village, and Ascendant Development Corp. of Denver, who has owned the property since 2008. The property was purchased by Vita Fox North, LP, which is an international partnership between Pure Development of Indianapolis and Interland, based out of Mexico City.

The property was originally the printing and distribution center for the Denver Post and was operational until 2008. The sale included the 320,000-square-foot former press and distribution facility located on 41 acres of land.

“Located one block from the Fox Street RTD Station and one stop away from Union Station, the site is one of the largest and most exciting urban TOD sites in the metro area,” said Eric Roth, senior vice president. “We are confident that the new ownership will be strategic in their vision to create placemaking and ultimately a special project.”

In 2018, Tryba Architects was hired to set a marketing vision and an infrastructure plan for the land. Current zoning for the property allows residential and mixed-use development up to 12 stories in height.

“The site’s adjacency to downtown and proximity to a transit station translates to excellent visibility and access. The Fox Street area is poised to be the next RiNo given its nearness to downtown Denver, Highlands and Sunnyside,” added Roth.

Photo courtesy of CBRE

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