Former Denver Post Building May Soon Be City Property

One of the symbols of a vibrant newspaper world that in recent years has been substantially changed is about to undergo a change itself.

The nearly 306,000 square-foot Denver Post building, located at 101 West Colfax Avenue, is on the verge of being acquired by the City of Denver.

Built in 2006, the structure had been used by the Post, the largest newspaper in the city, for more than a decade until the publication moved to a new location at 5990 Washington Street.

In the last several years city officials have discussed purchasing the building, noting that a number of city departments are already leasing out space there to the tune of around $5 million a year.

Now members of the Denver City Council are considering an outright purchase of the Post building for around $88.5 million from the firm Kayan LLC.

In so doing, the city will be adding to a growing property portfolio that currently includes around half a dozen downtown structures. According to sources, the purchase of the Post structure would by far be the largest investment the city has made to date in office building space.

The structure, which is regarded as a Class A building, was also once the home to the Rocky Mountain News, which ceased publication in 2009.

If the purchase is finalized, it is expected that the building, which includes a 230-seat auditorium, will provide office space for local, probate, and juvenile courts.

The Post structure was built at a cost of $88 million over a period of nearly two years and has housed a fitness center, yoga room with outdoor deck, and around 8,000 square feet of ground floor retail.

The Denver Post was established in 1892 and through the decades has had several owners. The paper’s current print circulation is just over 41,500.

​By Garry Boulard

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