DENVER (Denver Business Journal) – BMC Investments has bought one of the most high-profile corners in Cherry Creek — East First Avenue and Steele Street — with plans to erect a 12-story luxury apartment complex, the company announced Tuesday.

The Denver-based company out-negotiated some 40 other groups interested in buying the 1-acre parcel on the south east corner, opposite Cherry Creek Mall, said seller Eric Bush.

Read more on the website of CBS4 partner the Denver Business Journal.