Encompass Technologies closes on Block One land
The company's new HQ at 418 Linden St. will serve as the main component in a larger project called Block One. The development will include multi-family housing, retail and a restaurant.
Encompass paid slightly more than $1 million for the land. The entire project is expected to come with a $9 million price tag.
The development drew criticism from environmental group Save the Poudre, because of its proximity to the Poudre river, but Kent and Jonathan O'Neil, the father-and-son team that founded Encompass, see the location as a draw for potential tenants and a catalyst for riverfront development.
Kyle Lundy of Sperry Van Ness brokered the land transaction.
Read more about the Block One project here.
More breaking news...
Insurance exchange adds Sunday hours; CEO withdraws raise request
On Thursday, U.s. Rep. Jared Polis, D-Colo., released a statement, a
Anheuser-Busch, Teamsters' contract talks progress
Customer service centers for the exchange in Denver and
The brewer and the labor
Atchison named city sustainability director
Banking, securities commissioner retiring
Woodward forecasts revenue growth for 2014
Polis, COGA spar over fracking votes
Nursing shortage? Not in Colorado…yet