A parcel of land near the intersection of Interstate 25 and South Academy Boulevard may be destined for commercial development in an area of town many say is underserved by retail and commercial.
THF Realty currently has a contract to purchase a parcel of land there from Oakwood Homes.
THF, based in Denver, is known for large-scale commercial developments.
The contract is to buy only a portion of the property Oakwood owns there, said THF developer Karen Blumenstein. If the deal goes through, the property could be developed with a mix of commercial and residential, she said.
But she won’t be able to discuss the project until the property closes, which is not likely to happen until October.