A prospective buyer is interested in the former King Soopers property in the Belcaro Shopping Center on Colorado Boulevard.
Jessica Trowbridge, a spokesperson for King Soopers and City Market, said last week that the company has identified a buyer for the vacant property at 825 S. Colorado Blvd. and is working through the details of the sale.
The company did not name the buyer or provide additional details.
In June, BusinessDen reported that Denver-based Kentro Group was looking to buy the site, and after pushback from neighbors, had agreed not to seek rezoning, which would have allowed a taller building.
Kentro Group, alongside San Antonio-based Embrey and its development team, has made another proposal to redevelop the 7-acre center at the southwest corner of East Exposition Avenue and Colorado Boulevard.
Norris Design, a Denver-based architecture and planning firm, submitted a formal site development plan letter in May on behalf of Embrey, detailing plans for a four-story, wrap-style apartment building with 347 residential units on approximately 5 acres.
The multifamily property will feature studio, one-, two- and three-bedroom units.
In accordance with the city’s affordable housing requirements, the letter also said 10% (35 units) of the projectap residential units will be leased at 60% of the Area Median Income. The affordable units include three studio units, 19 one-bedroom units, 12 two-bedroom units and one three-bedroom unit.
Although plans with a buyer appear to be moving forward, the project still faces additional steps before advancing. As of Monday afternoon, the Denver Permitting and Licensing Center’s online portal listed the projectap formal site development plan record status as “resubmittal required,” while the overall project is “in progress.”
Alexandra Foster, communications director for the city’s Community Planning and Development department, said on Monday that the department is awaiting a resubmittal of the site development plan for the multifamily project after completing its initial review.
“We are actively advancing the project through the city’s review and permitting process, including responding to the comments received on our site development plan. We remain fully committed to the project,” Casey Klein, vice president of development at Embrey, said in an email statement to The Post on Friday.
The former King Soopers grocery store served the community for more than 50 years before closing in June and relocating to a new $37 million store at 4201 E. Arkansas Ave.
The new location, developed by the Kentro Group, is about a mile south of the shopping center in Denver’s Virginia Village neighborhood.
Other plans at the center include Dardano’s interest in redeveloping a 1.35-acre site at 865 S. Colorado Blvd. for a new shoe store. The property, which sits adjacent to the former King Soopers, is currently occupied by a vacant liquor store building.
Documents submitted to the city in May by G3 Architecture Inc. on behalf of Dardano’s said the proposed project involves demolishing the existing 8,884-square-foot liquor store building and replacing it with a new 14,910-square-foot, single-story, single-tenant building featuring a 3,124-square-foot mezzanine.
The proposed building would be 18,034 square feet, with 57 parking spaces on-site, and along E. Ohio Ave.
Foster said the department is awaiting a formal site development plan application submittal following the proposed Dardano’s store’s release from concept review.
Representatives from the shoe retailer did not respond to several requests for comment regarding project details.
This is a developing story and may be updated.
