Greyhound to sell full city block in Denver with exceptional zoning and location
The Greyhound redevelopment site sale in Denver's CBD provides an incredible opportunity for those interested in investing in Colorado.
DENVER, April 24, 2019 – JLL announced today that 1055 19th St., known as the Greyhound Redevelopment Site, has officially hit the market. The full city block is approximately 2.45 acres with downtown core district zoning, allowing development up to 400 feet. Its Arapahoe Square location on the border of Denver’s red hot LoDo and Ballpark neighborhoods along with its zoning makes it ideal for office, multifamily, hotel or mixed-use development.
“Acquiring a full city block in this excellent location with such liberal zoning is a rare opportunity. JLL is excited to partner with Greyhound to select a developer to positively transform the neighborhood,” comments Patrick Bolick, Executive Vice President of JLL. “Due to Denver’s strong market fundamentals, we are anticipating great interest.”
The block is coming to market as Greyhound Lines, Inc., the largest provider of intercity bus transportation, is narrowing its relocation options. According to Rey Nunez, Senior Director or Real Estate, “It is Greyhound’s intent to improve the customer experience for its passengers by relocating its bus terminal to a well located and modern intermodal transportation facility.”
Greyhound Lines will continue to operate passenger bus service from its current location until a successful relocation is finalized, which is expected near the end 2020.
The Greyhound Redevelopment Site is being marketed by JLL’s Patrick Bolick, Jamie Roupp and Julie Rhoades.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 90,000 as of December 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com
Greyhound is the largest North American provider of intercity bus transportation, serving more than 3,800 destinations across the continent. The company also provides Greyhound Package Express and charter services. For fare and schedule information and to buy tickets call 1-800-661-8747 or visit the website at www.greyhound.com. For the latest news and travel deals, follow us on Twitter at www.twitter.com/GreyhoundBus, Like us on Facebook at www.facebook.com/GreyhoundBus, follow us on Instagram at www.instagram.com/greyhoundlines, download a high resolution photo at www.bit.ly/GreyhoundBusPhotos, or follow our award-winning blog, The Hound, athttp://www.bloggreyhound.com.