Judge appoints caretaker for X Denver after owners no-show

X Denver, barely five years old, now has a babysitter.

At a court hearing Friday, Judge Heidi Kutcher appointed the distressed real estate firm Trigild as receiver for the 450-unit apartment complex at 3100 Inca St., north of Coors Field.

She did so after no one from X Denver showed up.

“You served the defendants in this case on Sept. 16, which would have put their response due yesterday,” the judge told lawyers for Mack Real Estate Group. “The court has not received any response from the defendants. Has anybody heard from the defendants?”

“Not in this case, your honor,” attorney Michel Williams said.

“Hmm, OK.”

Mack, a New York City firm, sued X Denver last month and asked that Trigild be appointed, since X Denver has been in default of a $170 million loan from Mack since early 2025. Kutcher waited more than a month before appointing a caretaker, to let X Denver’s owners respond.

“I will note that they had opportunities,” she said Friday.

X Denver and its sister building, X Denver 2 at 2100 Arapahoe St., were developed by The X Co. out of Chicago. But X Co. CEO Noah Gottleib told BusinessDen in 2024 that his firm was no longer affiliated with the two apartment buildings. Its current ownership is unclear.

In addition to running X Denver, Trigild has also been given the power to advertise it for sale, to enter into a listing agreement, and to ultimately ask Kutcher to approve a sale agreement. X Denver’s assessed value is $93.1 million, or just 55% of its $170 million loan.

Mack’s lawyers are Williams, Jeremy Rothstein and Liz Hartsel at Senn Fortis in Denver.

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