![]() A spokeswoman for City Street Investors also declined to answer BusinessDen’s questions. Neither responded to detailed questions about those omissions. It was filed by attorneys Stephanie Kanan and Timothy Scalo with the Denver office of Snell & Wilmer. It also does not define which laws Elevate violated, estimate how much money was spent correcting Elevate’s alleged mistakes, or note which security features were not included. The lawsuit does not say how much money 32V would have sold for if it was better built. “But for Elevate’s deficient work on the project,” the lawsuit states, developers “would have been able to sell the property for a greater amount than the property actually sold for.” “Elevate also failed to properly design the mezzanine level of the project, resulting in a loss of leasable square footage,” according to the lawsuit. ![]() Developers were forced to hire a consultant to monitor Elevate, had to fix the architects’ mistakes, paid a security company to defend the unsecure building, and rented off-site parking after Elevate built fewer spaces than promised, the lawsuit alleges. It was built between late 2018 and late 2020, then sold last August to Asana Partners, a North Carolina company that also owns Larimer Square.Ĭity Street Principal Joe Vostrejs praised 32V after the sale, calling it “a product that we’re proud of,” “a nice advantage to the LoHi neighborhood” and “first-class office space.”īut 32V’s development group now says Elevate’s poor work on the three-story, 33,000-square-foot building has cost them. 32V was developed by Denver-based City Street Investors and Brent Kimball, who owned the property for decades prior to the redevelopment, according to past BusinessDen coverage.
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