Two downtown Denver developers are fighting over the future of the rundown Barth Hotel near Union Station: Should it be preserved as affordable housing for seniors, as is currently required?
Or should legal restrictions be lifted so the building can once again become a for-profit hotel?
Earlier this year, the building’s current owner, Senior Housing Options, moved out residents after an elevator broke. Unable to afford repairs, the nonprofit decided to sell, listing the 62-unit building for $2.5 million. The building has sat empty since.
Urban Ventures developer Susan Powers and the nonprofit Eaton Senior Communities had a plan to bring affordable senior housing back to the building. They went under contract to buy the Barth from Senior Housing Options. They came up with a financing pac