Tynin Fries joined The Denver Post in 2018 as an intern. Then, she joined the team as a Digital Strategist and was promoted to Deputy Director of Audience in 2022. She is a proud ASU Cronkite alumna (#godevs)! In between producing news and writing stories, Tynin is out exploring all that Colorado has to offer.
The Creswell Mansion, more recently known as “Marijuana Mansion,” has sold following the closure of the cannabis-centric event space within it. The protected city landmark at 1244 N. Grant St. last week sold for a little over $1 million to local radiologist and developer John Hotchkiss IV, who does not plan to keep the building as an event space for the cannabis-minded community.
Hotchkiss said the property will house several of his LLCs, but he hasn’t determined his plans for the property beyond that. “I’m certain that not all dispensaries are distressed, but many of them are and the industry as a whole is going through some consolidation and contraction, in Denver especially. … All real estate is good at the right price, I suppose, but it’s a much more difficult transaction,” Hotchkiss said. “There’s a lot of complexities and nuances due to it being licensed as a dispensary.”
“The mansion was never used as a social consumption lounge nor did we ever try to apply for a social or hospitality consumption license,” Leder said. “However, Denver’s rules became highly restrictive so that they would not even allow cannabis consumption even at private events. … Government overregulation can really hurt businesses. We put a lot of money into creating this amazing space and ultimately we were unable to operate it profitably.
Hotchkiss is originally from Colorado but has done development work across the country, including in Omaha and Tacoma, Washington. Hotchkiss said this type of property is a first for him, as his previous properties in Colorado have been apartment buildings or vacant lots.
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