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DENVER-Trillium Corp. has sold its last remaining development parcel at the Commons planned development in the city’s Lower Downtown district, according to the listing brokerage firm, CB Richard Ellis. With visions of a major mixed-use development, Sunshine Development Co. of Colorado Springs paid $15.2 million ($190.68 per sf) for the 1.83-acre parcel, which is located immediately north of Union Station.

The site is slated for a 14-story development that would include 450,000 sf of office space, 70,000 sf of retail shops and restaurants and a 150-room boutique hotel. Sunshine Development plans to break ground before mid-2009.

In December, Trillium sold a 1.13-acre site to Resolute Investments, which is planning to develop the site with 200,000-sf of office condominiums. Martin Roth, Eric Roth and Tim Swan of CB Richard Ellis brokered both sales.

The parcels were part of a 180-acre portfolio of properties all located between Denver’s revitalized Lower Downtown (LoDo) and the Platte River that Trillium acquired in the early 1990s from Glacier Park Co., the real estate arm of Burlington Northern Railroad. Trillium’s Commons PUD was designed to be a place where people could live and work in the same neighborhood.

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