The Denver Post

New X Denver 2 complex faces $20M in liens

- By Matt Geiger Businessde­n

A new Arapahoe Square apartment tower has nearly as many liens as it does floors.

Fourteen firms have active liens filed against a Chicagobas­ed developer’s X Denver 2 project at 2100 Arapahoe St., public records show. The firms collective­ly say they’re owed more than $20 million and range from the general contractor on down to temporary cleaning services.

The unpaid bills are the latest sign of trouble for developer The X Company, which last month closed the “club” at its inaugural X Denver complex in Union Station North. The business is facing similar struggles in other cities.

The X Company did not respond to requests for comment by phone and email.

The 22-story, 351-unit X Denver 2 building, which has nearly 50,000 square feet of amenity and coworking space, was completed last year. Like the company’s other projects, it has aimed to lure residents with “co-living” and above-average amenities, which also are accessible to nonresiden­ts if they join the company’s club.

About 50 people live in the building, a front desk worker told Businessde­n last week.

The following firms had active claims against the property as of last week:

• Milender White, the project’s general contractor: $11,505,761.

• RK Mechanical $2,588,438.

• E&K

$1,905,213.

• Duro Electric Company: $1,480,613.

• Concrete Frame Associates Inc: $802,540.

• Superior

$506,659.

• Ferguson Enterprise­s Inc: $490,447.

• Thyssenkru­pp Elevator Corporatio­n: $462,641.

• Builder’s Choice Coatings Inc: $430,965.

• South Valley Drywall Inc: $241,575.

• Lu Tek Inc: $124,457 to “furnish and install single roller shades with fascia.”

• Associated Building Specialtie­s of

Denver

Roofing

LLC:

Inc:

Inc:

Inc: $49,341.

• Tiger Cleaning

LLC: $9,000.

• Gold Label Door Co. Inc.: $7,807 for “unpaid retention on furnish and installati­on of three overhead coiling doors.”

Tiger Cleaning owner Darina Miteva told Businessde­n she was hired to clean the amenity spaces at X Denver 2 last fall and received only $2,000 on a total bill of $11,000.

“I’ve been in the business for 20 years, and this is the first lien I’ve had to make,” she said.

Miteva recalls being hired to clean for X Denver 2’s New Year’s Eve party last month. She initially expressed hesitation, as she had not been paid for her earlier work.

Services

An X Denver employee told her that Tiger Cleaning’s outstandin­g payment was “owed by the building, and not the club.”

So, Miteva obliged and sent her cleaners over to the apartment building. When they showed up, there was no party and no employees present, she said. That’s when Miteva said she received a call from a staff member who told her that “There is no more X Denver.”

“I had a good experience until everyone started to disappear,” she said.

Ultimately, she would take about $250 out of her own pocket to compensate her cleaners for the lost New Year’s Eve job.

All pending liens against X Denver 2 were filed since June, records show.

Several other liens placed against the property before then have been released.

A drilling contractor closed a nearly $50,000 lien in August 2021, and a $278 lien was filed briefly by the city over a sewer bill in 2019.

Numerous liens totaling about $30 million also have been filed against an unfinished X Company project in Phoenix, the Phoenix Business Journal reported last month. Work on that project ceased in September, according to the publicatio­n. Other cities have seen similar constructi­on disruption­s on their own X developmen­ts.

In October, the Houston Chronicle reported work on the 33-story X Houston apartment tower had stopped suddenly. Further east, the Tampa Bay Business Journal reported a similar story in October — constructi­on of the 29-story X Tampa had stopped seemingly overnight. The Tampa, Fla., project faced nearly $1 million of filed liens, the publicatio­n reported at the time.

Back in Denver, The X Company owns land where it has proposed X Denver 3. The firm purchased the 2000 Welton St. parking lot in Five Points for $7 million back in 2021.

Newspapers in English

Newspapers from United States