Cynthia M. Stovall

Cyndi assists clients in navigating complex transactional, development, financing, and operational matters over the life cycle of their real estate projects. Her work includes representing developers and operators of mid- and large-scale industrial, retail, residential, and mixed-use projects; landlords and tenants in retail, office, and industrial leasing; and borrowers and guarantors in acquisition, construction, and long-term financing arrangements. In the course of her work, Cyndi collaborates with project leadership and outside consultants to develop clear and efficient options for working through sophisticated legal issues.

• Working with owners, municipal officials and consultants on the annexation, rezoning and subdivision of land and resolution of environmental, land use, fire code and building code issues arising in connection with redevelopments.
• Drafting condominium project, party-wall and other documents for residential and mixed-use projects, including advising developers, contractors and insurers on best practices for mitigating the risk of construction defect disputes through project documents and project oversight practices.
• Representing owners of underperforming retail centers in finding creative alternatives for reconfiguration and redevelopment while navigating existing Reciprocal Easement Agreements (REA), leases and zoning limitations, and for addressing financing issues and opportunities, including Public Improvement Fee (PIF covenants). Served as expert witness in litigation pertaining to REA for 1970s era shopping center.
• Assisting owners in the negotiation of architect agreements and construction and design-build contracts for apartments and residential condominiums, office buildings and manufacturing and mining facilities.
• Negotiating with U.S. Department of Housing and Urban Development (HUD) to develop new strategies and documentation for the disposition, substitution and retention of low-income housing and HUD-backed multi-family financing, including its assumption and defeasance.
• Registration, exemption analysis, and compliance advice under the Interstate Land Sales Full Disclosure Act (ILSFDA).
• Preservation and renovation of historic structures and open space through conservation easements and in cooperation with the State Historic Fund and Great Outdoors Colorado, including working with tax counsel to develop creative strategies for maximizing tax deductions and income tax credits.

Representative Clients

• Riverfront Park and Union Station Neighborhoods—Denver, Colorado
  Represented master developers and multiple site specific developers in acquisition; zoning, entitlements and other land use and building approvals; architect and construction contracts and financing; and commercial leasing and sales matters. Engaged with the Regional Transportation District (RTD), the City and County of Denver, and private parties in negotiating various development, land use, and easement agreements important to building the framework for the development of these communities.
• Lowry Redevelopment—Denver, Colorado
  Represented multiple site specific developers in the acquisition and development of townhome, mixed-use and retail sites. Negotiated with the Lowry Redevelopment Authority, Denver Urban Renewal Authority, special districts and the City and County of Denver regarding strategic development and financing matters, including the use of Tax Increment Financing (TIF) to fund improvements serving the projects.
• Former Kodak Industrial Manufacturing Campus—Windsor, Colorado
  Deconstructed and renegotiated extensive and complicated easements and service agreements in connection with the restructuring of a major industrial campus in Northern Colorado following the spin-off of a portion of the manufacturing activities on the site.

Speaking Engagements

• “Legal Barriers to Housing Access: Covenants and HOAs,” Rocky Mountain Land Use Institute’s 2024 Western Place, Western Spaces Conference, Mar. 7, 2024
• “Who owns the right of way and how can my client get a piece of it?” Colorado Bar Association Real Estate Webinar, Sept. 14, 2023
• “A Real Estate Primer for Estate Planning Attorneys,” Colorado Bar Associate Trust & Estate Spring Update, Mar. 3, 2023