Denver City Leaders Announce Purchase of Denver Pavilions

Denver city leaders announce purchase of Denver Pavilions

Mayor Mike Johnston said the Downtown Development Authority is purchasing the property for about $37 million.

'The Renaissance of The Pavilions': Denver board purchases 16th Street shopping area

DENVER (KDVR) — The Denver Downtown Development Authority was joined by Denver Mayor Mike Johnston on 16th Street on Tuesday to announce that the board was well on its way to purchasing the Denver Pavilions. The Denver Pavilions is a shopping district that takes up the two city blocks between 15th and 16th streets and between Welton and Tremont streets. On Tuesday afternoon, city leaders announced that the Denver Downtown Development Authority p…

Downtown tax district plans to buy Denver Pavilions mall under $37 million deal

The Denver Pavilions open-air mall would be purchased by a special city taxing district charged with helping revive downtown under a deal announced Tuesday by city leaders.

Downtown Development Authority to Buy Denver Pavilions - Mile High CRE

On September 30, the Denver Downtown Development Authority (DDDA) Board of Directors unanimously voted to approve the purchase of Denver Pavilions, a 350K+ square-foot retail destination located on Denver’s 16th Street.   The DDDA Board’s approval comes the day after the Denver City Council voted to approve the first five projects recommended by the DDDA Board, which includes the purchase of the parking lot adjacent to Denver Pavilions. Followin…

City leaders hope to buy Denver Pavilions for $37M and make it the next Union Station

The downtown mall is plagued by vacant storefronts.

DDA plans $37M buy of Denver Pavilions rather than see it go to lender - BusinessDen

Denver Mayor Mike Johnston announced the plan for the DDA to acquire the Pavilions mall on Tuesday. (Matt Geiger/BusinessDen) Denver’s Downtown Development Authority wants to buy the struggling Denver Pavilions mall, which defaulted on an $85 million loan earlier this year and has shed tenants in the wake of the pandemic and construction on the neighboring 16th Street Mall. The DDA’s board voted unanimously Tuesday afternoon to pay $37 million, …