Forum Real Estate Group out of Glendale bought a site in the Goldsmith neighborhood that City Councilwoman Kendra Black once called “a total mess.”
The former Kmart at 2150 S. Monaco Parkway sold last week, according to a press release from the company. The 111,000-square-foot building is on a lot of about 12 acres taken up mostly by parking spaces.
It’s been vacant for seven years.
“We are working with Councilwoman Black and local partners to explore ways we can benefit the surrounding community and offer something new and exciting to area residents,” said Kevin Foltz, a managing director at the real estate firm, in a statement.
Black has led a crusade to breathe life into the gray, suburban desert by pressuring its sale. She even traveled to New York in an attempt to play hardball with property owner J & W Monaco LLC, which had rejected previous offers from developers, she told Denverite in 2017. Defunct retailer Sears still has more than 60 years on the lease, she said, and the company was apparently content to leave the site dormant.
The land is worth almost $7 million, according to city property records.