Cherry Creek gateway corner at Colorado, Bayaud Avenue sells for $3M

Doug McKinnon Sells Another Cherry Creek Gateway Corner

Doug McKinnon, the owner of real estate firm McKinnon & Associates, recently sold 55-65 S. Colorado Blvd., two parcels at the northwest corner of Colorado and Bayaud Avenue, for $3.2 million. The undeveloped 0.38-acre site was sold for $191 per square foot to a local buyer who plans to develop an office building for their firm’s use.

The property was purchased by DEG Realestate LLC, an entity formed by Alla Feldman. While Feldman declined to comment on the purchase, no development plans have been submitted to Denver for the site.

This corner lot is part of a group of four properties on the outskirts of Cherry Creek that McKinnon acquired in 2019 for $5.5 million. McKinnon successfully rezoned the sites in 2020 after reaching a detailed “good neighbor agreement” with surrounding residents. The other lots in this group include the southwest corner of Colorado and Bayaud, as well as the southwest and northwest corners of Colorado and First Avenue.

In 2023, McKinnon sold the southwest corner of Colorado and Bayaud for $1.4 million. He still owns the corners at Colorado and First, having purchased a neighboring parcel in 2023 for $1.8 million to expand his footprint at the intersection.