A Boulder businessman bought what he called one of the most beautiful buildings in Denver this week and it only cost him $10.5 million to do it.
Doug Brown said he purchased the historic Rocky Mountain Bank Note Co. Building — and current home of Galvanize campus in Golden Triangle — as an investment for his personal portfolio.
Brown is the chairman and co-founder of the Califonia-based development company Regent Properties. He doesn't plan to make any modifications to his new building in the Golden Triangle neighborhood, he said Friday.
"If you look at the area from the air, it has the most amount of construction cranes in Denver," he said. "This a valuable piece of property in an area with a lot of activity."
The historic Rocky Mountain Bank Note Co. Building building was built in 1929. The building originally offered the banking industry "lithographers, engravers, bank supplies and printers." It later served as a school and was added to the National Register of Historic Places in 1999.
Brown said he went to the former owners The Nichols Partnership Inc. directly and asked them to sell him the building at 1062 Delaware St. The Denver-based partnership leased the building to Galvanize which opened its first coworking and code school campus at the location in 2012.
Denverite is one of the companies that rents space in the Golden Triangle campus. Galvanize did not return our inquiry asking about the sale. (Awkward.)
Brown said the Denver-based company's lease for the building last for another 16 years.
Business & data reporter Adrian D. Garcia can be reached via email at [email protected] or twitter.com/adriandgarcia.
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