
The seller was BPRE Interlocken Holdings, an affiliate of Vancouver, Canada-based private equity firm Balfour Pacific Capital Inc.
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The seller was BPRE Interlocken Holdings, an affiliate of Vancouver, Canada-based private equity firm Balfour Pacific Capital Inc.
“It was a risk. But if you’re in the restaurant business, you’re in the business of risk,” said Rio Grande’s owner, who bought the new real estate last year.
Craig Caldwell is 74 but he likes to keep busy. He’s getting ready to open another eatery, a burger and pizza joint called Troutdale Tavern.
The half-acre lot has been vacant for years. The upper floors will contain 44 residential units and the ground floor will have retail space.
Some of the 200 tenants displaced when the Adams County facility closed last year landed at a coworking space opened by Denver-based Thrive Workplace.
The deal had been in the works for 4 years.
The JW Marriott, which opened in 2004, began operating as Hotel Clio on Tuesday. The rebrand is still affiliated with Marriott.
A new building for $22 million at 505 N. Lipan St. and an alteration for $5.6 million at 3282 N. Tejon St. in Denver were the week’s top building permits.
The food hall hasn’t operated since 2020, when it said it was entering “hibernation mode.” The landlord said he’s ready “to bring the building back to life.”
Chicago-based McCaffery Interests is also a partner in the T3 office building under construction in RiNo.
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