JLL Marketing Full City Block on Behalf of Greyhound
DENVER – Greyhound Lines, Inc., the largest provider of intercity bus transportation, is selling its longtime bus station at 1055 19th St. in downtown Denver. The full city block is approximately 2.45 acres, allowing development up to 400 feet. The site is being marketed by Patrick Bolick, Jamie Roupp and Julie Rhoade with Jones Lang LaSalle (JLL).
According to JLL, the site’s Arapahoe Square location on the border of Denver’s red hot LoDo and Ballpark neighborhoods along with its zoning makes it ideal for office, multifamily, hotel or mixed-use development.
“Acquiring a full city block in this excellent location with such liberal zoning is a rare opportunity. JLL is excited to partner with Greyhound to select a developer to positively transform the neighborhood,” comments Patrick Bolick, executive vice president of JLL. “Due to Denver’s strong market fundamentals, we are anticipating great interest.”
The block is coming to market as Greyhound is narrowing its relocation options. According to Rey Nunez, senior director of Real Estate, “It is Greyhound’s intent to improve the customer experience for its passengers by relocating its bus terminal to a well located and modern intermodal transportation facility.”
Greyhound will continue to operate passenger bus service from its current location until a successful relocation is finalized, which is expected near the end of 2020.