Hilco Real Estate announces the sale of the last remaining large development land in a high growth area along East 64th Avenue in Northeast Aurora, Colorado

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NORTHBROK, Illinois., October 7, 2021 / PRNewswire / – Hilco Real Estate, LLC announcement November 17, 2021 as the submission deadline for the sale of 134 ± acres of prime development land located near E-470 in the northeast Aurore, Colorado.

Sale of 134 ± acres of prime development land located on the first corner of East 64th Avenue and Picadilly Road in northeast Aurora, Colorado

Conveniently located at the first corner of East 64th Avenue and Picadilly Road, this important site offers unparalleled connectivity throughout the Dawn/Denver metropolitan area, located less than a mile west of the E-470 and minutes from the Denver International Airport and Regional Transportation District (RTD) Light Rail Station at 61st Avenue and Peña Boulevard. This vibrant location sits on the edge of the Rocky Mountain Front Range, offering spectacular natural vistas of Pikes Peak, Mount Evans, downtown Denver and Longs Peak, while providing near-immediate access to world-class shopping, dining, entertainment and transportation options – the perfect blend of majestic mountain living with chic urban foundations. The site’s Mixed Use Airport (MU-A) zoning, along with the Airport Influence Overlay (AIO), allows for a wide range of dense commercial uses, offices, hotels / d hospitality, multi-family housing and retail, which makes it highly desirable for a variety of developers. The current owner has completed many of the property rights for a mixed-use commercial and residential development, which could save the new owner a lot of time and money if they choose to develop the property in the same way. The property also has all the necessary utilities available on site.

The area immediately surrounding the property, what is known as an aerotropolis or mini-city developed around a large airport, has experienced stratospheric growth in recent years. This growth is anchored in the new Gaylord Rockies Resort & Convention Center, a 1.9 million square foot building located on 85 acres that opened in late 2018 and has more than 1,500 modern rooms, 500,000 feet squares of flexible meeting space and the Arapahoe Springs water park. According to 5280, Denver Mile High Magazine, it is estimated that the resort could add ” $ 273 million annually to the local economy. “

The site will be sold as part of a collective sale with an auction deadline of November 17, 2021. At June 23, 2021, the owning entity, Hilltop at DIA, LLC, has filed for bankruptcy due to COVID-related delays caused by the pandemic in finalizing the rights. The development of this property, like many across the country, was forced to stop. This unfortunate delay has led homeowners to seek bankruptcy court protection to give them more time to sell the property. The bankruptcy sale process is the most efficient way for a new buyer to get proper title and start development as quickly as possible.

Located approximately 10 miles east of downtown Denver, Dawn became one of the the 10 most dynamic cities in the country. Since the last census, Aurore, Colorado experienced an unprecedented population increase of 19.58%, with the city’s population now reaching 388,723 in 2021. Now the third largest city in the state, Dawn has grown from its humble farming and farming roots to a diverse economy that spans healthcare, biosciences, renewable energy, aerospace, defense, education and more. From the historic avenue de Colfax, which crosses the city center Dawn, in the future of interstellar travel at Colorado Air and Space Port, the city embraces the future while respecting its past. Major employers in the region include Buckley Space Force Base (12,100 employees), Anschutz Medical Campus (6,360 employees), University of Colorado Hospital (4,050 employees), Raytheon (2,430 employees), Kaiser Permanente (1,940 employees), Amazon (1,500 employees), Tyco (850 employees), Northrop Grumman (750 employees), ADT Inc. (700 employees), Lockheed Martin, Staples and others. Through a combination of affordable housing, low cost of living, proximity to major employers and multimodal transportation options, Dawn provides a sustainable environment for its new and current residents, as well as a fertile environment for businesses to thrive.

Steve madura, Senior Vice President at Hilco Real Estate, said: “This development plot is located in one of the hottest markets in the country and offers one of the most exciting opportunities in the country for a variety of sophisticated developers from participate in the action. He continued, “This site represents one of the last large mixed-use development plots remaining anywhere in Northeast Aurora. Combine this with the fact that the site is in a qualified opportunity area and may be eligible for bond and TIF financing, the bankruptcy sale represents a unique opportunity. “

Jeff azuse, Senior Vice President of Hilco Real Estate added: “Due to the extreme volatility of the stock market in recent months and potential government changes to the tax code, investors are looking for alternative opportunities that provide a safe haven from global uncertainty Current… and Reality Real estate, particularly land on the development path, has historically provided the long-term stability and diversification sought by investors. As such, we expect an overwhelming response to this offer. “

The submission deadline is Wednesday, November 17, 2021. Offers must be submitted to the offices of Hilco Real Estate no later than 5:00 p.m. (HC) the day of the deadline to be considered. Interested buyers should review the detailed bidding procedures for the requirements in order to participate in the bankruptcy sale process, which are available at Hilco Immobilier website. For more information, please contact Steve madura at (847) 504-2478 or [email protected]. Offers can be submitted by mail to the following address: Hilco Real Estate, 5 Revere Drive, Suite 410, Northbrook, Illinois 60062, or by e-mail at [email protected].

For more information on the property, an explanation of the sale process, bidding procedures or to obtain access to the property’s due diligence documents, please visit HilcoRealEstate.com or call (855) 755-2300.

About Hilco Immobilier
Hilco Real Estate (“HRE”), a Hilco Global company (HilcoGlobal.com), is headquartered at Northbrook, Illinois (UNITED STATES). HRE is a national provider of strategic land transfer services. Acting as an agent or principal, HRE uses its experience to advise and execute strategies to help clients get the most value from their real estate assets. By leveraging multi-faceted sales strategies and techniques, an experience of repositioning and aggressive restructuring, a large network of motivated buyers and sellers, and substantial access to capital, HRE exceeds expectations. even in the most complex transactions.

Hilco Real Estate (PRNewsfoto / Hilco Real Estate)

Hilco Real Estate (PRNewsfoto / Hilco Real Estate)

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SOURCE Hilco Real Estate


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