The would-be developer of high-end apartments near RTD’s Westminster Station claims the City of Westminster is unfairly capitalizing on Xcel Energy’s delays to buy back land.
“It’s like a ‘gotcha’ situation here where they are trying to manufacture a reason not to develop the property,” said Lux Living lawyer Renato Mariotti. “We are ready to develop.”
The Missouri-based developer bought city land next to the station’s parking garage for $634,000 in 2019 with plans to build its 146-unit The Ivy. It was to have a floor-to-ceiling fireplace, a movie theater, a float pod relaxation room and Turkish spa, self-pour beer and wine taps and a top-floor bar.
It has not gone as planned. In 2021, Xcel announced it could not power The Ivy at that time. In 2023, Xcel said it could electrify The Ivy