The developer Fox Street Investments spent millions of dollars buying 3901 North Elati Street and designing a 20-story building with 400 apartments in Globeville.
A few years later, the dusty lot sits empty in that slice of Globeville known as Fox Island. The promise of housing has yet to be fulfilled. And the company is suing the city of Denver.
A complaint the company filed in U.S. District Court on Tuesday argues the city is preventing the developer from building much-needed housing on the three-quarters of an acre lot with “arbitrary” rules and mandates…