Developer grabs Tavern Uptown site

Tavern Uptown's owners sold the building and surrounding parcel to a developer. Photos by Burl Rolett.

Tavern Uptown’s owners sold the building and surrounding parcel to a developer. Photos by Burl Rolett.

Another Uptown parking lot and a 17th Avenue sports bar might not be long for this world.

Southern Land Co. bought the Tavern Uptown building this month as part of a 1.5-acre stretch running along Pearl Street from 16th to 17th avenues, city records show. The Tennessee-based developer paid $11.5 million for the site and has a big apartment project outlined on its website.

Online the company says it will build 316 apartments and 12,000 square feet of retail space on the site. The project is scheduled for a 2018 completion, according to Southern Land’s description.

Southern Land declined to comment when reached by email on Friday.

The plot also includes a parking lot.

The plot also includes a parking lot.

A rendering shows a single building that takes up virtually the entire 1.5-acre property. The project would replace the Tavern Uptown restaurant building, a stretch of surface parking lot and a 90-year-old 27-unit apartment building at 16th Avenue and Pearl Street.

Zoning for the land allows eight stories of development for most of the plot, with only five stories allowed at the corner of 16th and Pearl.

Tavern Hospitality Group, which operates the Tavern restaurant chain, was the seller of the parcel. Tavern Hospitality Group representatives did not respond to requests for comment by press time Friday.

Uptown is booming with jumbo apartment projects. Trammell Crow Residential is building 372 apartments at its Alexan Uptown project at 19th Avenue and Logan Street. Trammell Crow bought the property between 19th and 20th avenues for $6.95 million in October 2014. That site is zoned for 12 stories of development.

RedPeak opened the four-building 302-unit One City Block at 18th Avenue and Pennsylvania Street in late 2013. The Burgwyn Co. is also planning a 99-unit senior living apartment building at 16th Avenue and Pennsylvania Street, just one block west of Southern Land Co.’s site.

The Uptown project is also the second major Denver apartment complex Southern Land is building. The company has work underway at its 300-apartment project at 18th and Central streets in LoHi. And it is also building 246 more apartments at 30th and Pearl streets in Boulder.

Tavern Uptown's owners sold the building and surrounding parcel to a developer. Photos by Burl Rolett.

Tavern Uptown’s owners sold the building and surrounding parcel to a developer. Photos by Burl Rolett.

Another Uptown parking lot and a 17th Avenue sports bar might not be long for this world.

Southern Land Co. bought the Tavern Uptown building this month as part of a 1.5-acre stretch running along Pearl Street from 16th to 17th avenues, city records show. The Tennessee-based developer paid $11.5 million for the site and has a big apartment project outlined on its website.

Online the company says it will build 316 apartments and 12,000 square feet of retail space on the site. The project is scheduled for a 2018 completion, according to Southern Land’s description.

Southern Land declined to comment when reached by email on Friday.

The plot also includes a parking lot.

The plot also includes a parking lot.

A rendering shows a single building that takes up virtually the entire 1.5-acre property. The project would replace the Tavern Uptown restaurant building, a stretch of surface parking lot and a 90-year-old 27-unit apartment building at 16th Avenue and Pearl Street.

Zoning for the land allows eight stories of development for most of the plot, with only five stories allowed at the corner of 16th and Pearl.

Tavern Hospitality Group, which operates the Tavern restaurant chain, was the seller of the parcel. Tavern Hospitality Group representatives did not respond to requests for comment by press time Friday.

Uptown is booming with jumbo apartment projects. Trammell Crow Residential is building 372 apartments at its Alexan Uptown project at 19th Avenue and Logan Street. Trammell Crow bought the property between 19th and 20th avenues for $6.95 million in October 2014. That site is zoned for 12 stories of development.

RedPeak opened the four-building 302-unit One City Block at 18th Avenue and Pennsylvania Street in late 2013. The Burgwyn Co. is also planning a 99-unit senior living apartment building at 16th Avenue and Pennsylvania Street, just one block west of Southern Land Co.’s site.

The Uptown project is also the second major Denver apartment complex Southern Land is building. The company has work underway at its 300-apartment project at 18th and Central streets in LoHi. And it is also building 246 more apartments at 30th and Pearl streets in Boulder.

This story is for our paid subscribers only. Please become one of the thousands of BusinessDen members today!

Your subscription has expired. Renew now by choosing a subscription below!

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

 — 

 — 

 — 

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING [email protected].

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.

EACH MEMBERSHIP WILL ONLY FUNCTION ON UP TO 3 MACHINES. ACCOUNTS ABUSING THAT LIMIT WILL BE DISCONTINUED.

FOR ASSISTANCE WITH YOUR MEMBERSHIP PLEASE EMAIL [email protected]




Return to Homepage

POSTED IN Commercial Real Estate

Editor's Picks

6 responses to “Developer grabs Tavern Uptown site”

  1. That is too bad that they are going to tear down that great building – happy the tavern is going away but sad 17th Street is going to lose a character building.

  2. The building should be considered as a historic building. They can build an ugly box of apartments around it.

  3. The whole point of downtown is its history and architecture, people come into Colorado with their poor business ethics and ruin Colorado’s, and slowly nip away at what makes this state great it’s sad we have to put a stop to it they don’t even make apartments affordable to live in its ridiculous!!!

  4. A terrible idea! As an Uptown resident I treasure the two-story historic buildings that line 17th Avenue, as do many of the residents who choose to live here. The reason this neighborhood is so attractive is because of these street-level shops and low rise buildings. If the developer wants to infill a parking lot with their planned apartments (no doubt cheaply built boxes), so be it, but the fact they will tear down this lovely and important structure is a disgrace.

  5. I think the city should make an exception to allow the builder to go taller in order to rescue this building.

  6. I really hope they are going to add a parking lot for the general public (not just residents of the building), because parking in that area sucks already!

Leave a Reply

Your email address will not be published. Required fields are marked *