Wells Fargo sells half-block in Denver’s Uptown neighborhood to apartment developer for $11M

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Wells Fargo sells half-block in Denver’s Uptown neighborhood to apartment developer for $11M
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A half-block in Uptown has been sold to a developer planning to construct apartments.

The west side of the 1700 block of Grant Street sold for $11 million in December to AMFP VI Grant LLC, an entity that lists an office address corresponding to that of New York-based Abacus Capital Group.

The site’s two parcels — technically 1717 and 1775 Grant St. — add up to 1.44 acres, making the deal worth $175 a square foot. Abacus, which also paid $16 million in 2021 for a development site in the Fox Park section of Globeville, didn’t respond to a request for comment last week. The site was sold by Wells Fargo Bank, which operates a branch in a one-story terraced brick building in the middle of the block. There are courtyards on both ends of the block, one featuring a sculpture and the other a planter in the shape of the United States.

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