Denver-based developer Westfield Co. has sold about 2 acres in its 14-acre North Wynkoop project, and the buyer plans to develop a mix of uses, including a hotel.
Westfield sold the land at the southeast corner of Brighton Boulevard and 42nd Street to the Wynkoop LLC Hotel.
Records show that the acquiring entity is affiliated with Pebb Capital, an investment firm with offices in New York and Boca Raton, Florida.
Pebb Capital originally paid $4 million in December 2021 for a 0.45 acre parcel. He followed that up with another $15.5 million deal earlier this month to complete the 2.05-acre site. The land is on the corner of the Mission Ballroom concert hall which anchors the North Wynkoop project.
Pebb Capital did not respond to a request for comment, but a page on the company’s website shows renderings of a planned North Wynkoop project. Westfield executive Kevin McClintock, who signed the sale documents, did not return several calls.
Development plans submitted to the city this spring also connect the Wynkoop LLC hotel to Miami-based Maxwelle Real Estate. A Maxwelle representative requested that the questions be emailed, but the company did not respond.
The development documents, however, give insight into the buyer’s apparent plans.
The latest version, a site development plan submitted last month, calls for the erection of a 12-storey structure. The building would be approximately 520,000 square feet, not including the 381-space parking garage that would be incorporated.
The structure would include 262 residential units, 174 hotel rooms and suites, and 54 extended-stay rooms, according to plans. There would also be approximately 44,000 square feet of office space and approximately 33,000 square feet of retail space.
Pebb’s current and historic portfolio includes a wide range of multi-family, hotel and commercial properties, according to its website. The company’s website shows no other operations in Colorado.
So far, two structures have been completed at North Wynkoop: Mission Ballroom and an adjacent office building where Longmont’s Left Hand Brewing will soon open a bar and restaurant. Additionally, Houston-based Hines and Chicago-based Cresset are completing work on a 12-story apartment building next to the land Pebb just purchased.
This story was reported by our partner BusinessDen.