Downtown Denver Tower in Limbo
A 17-story office tower, Columbine Place, located at 216 16th St. in downtown Denver, has defaulted on its loan, but the lender is unwilling to take ownership.
The building's increasing vacancy and deteriorating condition are contributing factors to the lender's decision.
The situation is a dubious anomaly, with the lender's decision leaving the building in the hands of its longtime owner, for now.
The future of Columbine Place will be determined by individuals in Honolulu, Hawaii.
Author's summary: Lender refuses downtown Denver tower due to its poor condition.