The 50-story Four Seasons Denver/Teatro Tower project appears it may have recently taken a major step forward toward starting construction. According to the Colorado Real Estate Journal, a $135 million loan by LaSalle Bank was recorded on 12-22-2006 to an entity known as “1111 Tower LLC.” The location of the property is listed as Block 074 in Downtown Denver, the site of the proposed Four Seasons/Teatro tower. Additionally, the Colorado Secretary of State reports that “1111 Tower LLC” was formed on 12-08-2006, with a registered agent of Jeff Selby, who is the developer of the Four Season/Teatro tower. Also, the Four Seasons site on 14th Street between Arapahoe and Lawrence is the 1100 block, so you can bet the Four Seasons/Teatro Tower will have an address of 1111 14th Street.

Two days before the recording of this $135 million loan, John Rebchook at the Rocky Mountain News reported that Los Angeles-based DiNapoli Capital Partners had purchased the historic Teatro Hotel from Jeff Selby and partner Michael Brenneman for an undisclosed amount. This news seems like the strongest evidence yet that the Four Seasons/Teatro Tower may break ground in 2007.