Wells Fargo sold a half-block in Denver's Uptown area for $11 million to AMFP VI Grant LLC, linked to New York-based Abacus Capital Group. The 1.44-acre site at 1717 and 1775 Grant Street is adjacent to Wells Fargo's main Denver office, known as the Cash Register Building.
The currently closed branch is fenced off, and Wells Fargo will cut 80 jobs at this location in August after shutting down their internal audit business.
The new development, designed by architects Meeks + Partners with Kimley-Horn as the engineer and landscape architect, will feature a seven-story building with 273,928 square feet, 260 dwelling units, and 212 parking spaces.
Amenities will include a clubhouse and fitness center. The project was planned in time to be exempt from income-restricted housing requirements.
This site adds to Abacus's portfolio, which includes a previously acquired development site in Globeville at 725 W 39th Avenue, where Abacus is proposing to build 298 units.
The last formal site development plan was submitted to the city on June 17, 2024. We'll be sure to provide updates once a demolition date is set.