- Associated Press - Saturday, September 26, 2015

LAKEWOOD, Colo. (AP) - Lakewood’s Belmar mixed-used development has changed hands for more than $250 million.

Starwood Capital Group, a Greenwich, Conn.-based private investment firm, acquired the 103-acre property from GF Properties Group, a Durango-based subsidiary of the Southern Ute Indian Tribe that has owned it since 2006.

Belmar replaced the old Villa Italia Mall, combining high-density residential and retail. The development includes about 1 million square feet of retail, office and multifamily residential space.

According to the Denver Post (https://tinyurl.com/obel5wu), as much as 35 acres remain available for development, including parking lots.

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Information from: The Denver Post, https://www.denverpost.com

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