Denver Jury Tags Developer Guilty, 11 Deals Implode
What Fox Street Is Suing Denver Over in Globeville Fox Street Corridor LLC’s lawsuit against the City and County of Denver targets development entitlements for a 9-acre Globeville site. The property is bounded by Fox Street, Race Court, 48th Street, and Clayton Street. The dispute lands as investors nationwide weigh volatility in ultra-luxury real estate markets, including Miami Beach’s $75 million spec listings. Code and Entitlement Breakdown The complaint says Denver revoked preliminary approval. It also claims the city then denied density incentives promised under the land use code. The lawsuit further alleges officials threatened post-approval rezoning. It also says the city applied inconsistent standards compared with similar Globeville filings. Exactions, Delays, and Damages Fox Street challenges demands for affordable housing, parkland dedication, parking, plazas, and bike lanes. The developer disputes the legality of those exactions under state and federal takings rules. The s...