The deal works out to about $5.3 million an acre, or $120 a square foot. The buyer intends to redevelop the site but has not submitted plans to the city.
The deal works out to about $5.3 million an acre, or $120 a square foot. The buyer intends to redevelop the site but has not submitted plans to the city.
Pirate Alley Boucherie will be on the ground floor of the Ice House condo building at 1801 Wynkoop St.
A sale could close by the end of this week, according to a broker working the deal.
“RiNo is a place that people are spreading to,” said Managing Partner Kristin Lentz of moving from LoDo.
The developer wants to replace the existing packaging facility with a 500-unit, 12-story residential building and a seven-story office building.
Residents allege Number 38 violated its city license within days. The owners dispute that and say they are following the rules.
“I think RiNo has missed the smell of barbecue in the air,” said Michael Graunke, who is opening Pit Fiend BBQ with Paul Llano.
Neighbors had objected to the noise at Number 38. But an official decided to renew its dance cabaret license if it makes changes to be quieter.
The City Council will decide if the company can build multiple buildings of five to seven stories with ground-floor retail space topped by residential.
“Keeping the buildings would be nice, but I think the best use would be higher density,” said buyer Alex Khandelwal, part of a different father-son team.
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