"We have some technical issues, mechanical issues with the elevator. We want to be sure everything is working perfectly."
The proposed deal, which would require the approval of the Denver City Council, would have Denver pay $20.5 million over the course of 30 years for the property.
There are already a few major projects in the pipeline for the corridor and many feel the pace of redevelopment will only increase in coming years.
"I've just been handed a note," he said. "There's no deal."