Updated: 10/25/10 12:42 p.m.

DENVER A 73-year-old Gold Coast real estate developer accused of hiring a hit man to kill a business associate will remain in jail for now.

Brooks Kellogg had been set to have a detention hearing Monday but that’s been delayed at his lawyer’s request.

Kellogg, of the 100 block of East Chestnut Street in Chicago, was arrested Tuesday in Denver after prosecutors said he paid $2,000 to an undercover agent he thought was a hit man. Kellogg allegedly asked him to kill Stephen Bunyard of Destin, Fla.

Kellogg is a developer, who also owns and manages an office building in Libertyville, according to the feds. He owns a home in Chicago, has an Illinois driver’s license and has a vehicle with Illinois plates.

According to court documents, Bunyard had been involved in a real estate deal with Kellogg and sued him, winning one judgment in a lawsuit for over $2.5 million.

The meeting with the undercover agent took place after an exchange of e-mails in which the FBI claims Kellogg revealed he wanted to have Bunyard killed. The lawsuit involved Kellogg’s Steamboat Springs real estate development business called Chadwick Real Estate Group, based in Colorado.

The court documents state Kellogg was asked by the FBI agent: “You want him killed?”

The reply was, “Yes.”

Then the agent asked Kellogg, “Do you have any other jobs for me?” and Kellogg responded, “Yeah, I’ve got some other things in mind.”

Kellogg faces up to 10 years in prison if convicted.

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