Developer says she was shoved out of planned project near RiNo

One local developer is accusing another of cutting her out of a project just east of RiNo.

Katie Abrams, whose KAGE Partners once co-owned the Denargo Market section of RiNo, says she was approached by Wynne Yasmer Real Estate in mid-2021 to turn a vacant industrial property at 40th Avenue and Race Street into two 7-story apartment buildings.

“WYRE was putting land under contract for a development deal but needed funding,” according to a lawsuit that Abrams filed Nov. 21. “(Brian) Wynne engaged Abrams to source capital for the deal, using her professional connections to source the investment’s funding.”

Abrams says she had four institutional investors lined up by the time 2021 turned to 2022 and Wynne Yasmer went with Leste Group, a Miami, Florida-based investment firm. Under a 2021 agr