Security Service Federal Credit Union plans to leave its site on South Broadway, freeing up 102,877 square feet for possible residential development.
Holland Partner Group is under contract to buy the land at 99 S. Broadway for an undisclosed price. The development firm out of Vancouver, Washington, filed plans in December for a three-story, 232-unit project on the site.
Security Service plans to officially close the site March 17 and has started notifying members, spokeswoman Brandy Ralston-Lint said Tuesday.
"The site is currently under contract and a sale is expected," Ralston-Lint said. "Employees currently serving at this location will be relocated to other nearby locations."
The San Antonio-based credit union operates branches at 1275 S. Federal Blvd. and 1551 Wewatta St. in Denver, according to its website.
Security Service Federal Credit Union took over 99 S. Broadway after buying out Denver-based New Horizons Community Credit Union in 2007. The property was last purchased in 2003 for $4.5 million and has been owned by banks or credit unions since at least the early 90s, according to city records.
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Business & data reporter Adrian D. Garcia can be reached via email at [email protected] or twitter.com/adriandgarcia.
