The former Denver7 building is coming down.

Property Markets Group, the developer that bought the property at 123 Speer Blvd. in 2021 , said this week that demolition of the existing structure will begin by the end of the month and last 12 weeks.

PMG plans to build an 11-story, 481-unit apartment complex with 10,000 retail square feet on the 2.3-acre block, according to development plans. Milender White is the general contractor overseeing both demolition and construction.

Asked if construction on the new project would begin upon the completion of demolition, a PMG representative said only that “the construction schedule is still pending.” PMG has one other project in the works in Denver — a Waldorf Astoria-branded condo building in Cherry Creek where some units are expected to sell for

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