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Developer Craig Nassi gets $1 million parking ticket

craig nassi photo.jpg
Craig Nassi.

This week, the Denver Post reports, a Denver District Court judge ruled that developer Craig Nassi is "personally liable for $1,046,250 in damages for fraudulent misrepresentation as he negotiated how many parking spaces would be available for Club Matrix, a high-end fitness gym and spa in the Beauvallon building at East Ninth Avenue and Lincoln Street." The decision, which Nassi promises to appeal, probably didn't come as much of a surprise to readers of former Westword staffer Lisa Rab's January feature, headlined "Craig Nassi Changed Denver's Golden Triangle, But Not Everything is Sparkling." After Nassi sold the commercial portion of the Beavallon, he relocated his company headquarters to Manhattan and devoted himself to projects in Reno, Sacramento and Houston. Not that he was forgotten in these parts. As Rab wrote:

His most public local appearances now are in Denver District Court, where he's battling the Beauvallon lawsuit -- one of at least fourteen liens and lawsuits filed against him in the last decade, ranging from breach-of-contract claims to mechanic's liens filed by contractors who alleged they were not paid.

Read more of Rab's look into Nassi's financial history by clicking here.


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