DENVER: A nonprofit has bought an eight-story office building with plans to build about 160 apartment units at the site.
The not-for-profit paid $3.2 million for the 35-year-old office building and the surrounding 2.75 acres. Early plans call for about 55 apartments in the current tower with another 100 or so units in a new construction on the same site.
The project will cost about $120,000 per unit and about 70 or 80 percent of the apartments are set aside as affordable housing units…