The historic 2100 Larimer St. constructing has been bought by Matt Van Sistine, a neighboring businessman, actual property investor and board chair of the Ballpark Collective RNO, based on an announcement from Monfort Corporations and Magnetic Capital.
Van Sistine, a key determine in creating the Ballpark District and proprietor of different space actual property, acquired the property by means of 2100 Larimer LLC.
“For me, this challenge is private,” Van Sistine stated.
“I’ve lived and labored on this neighborhood for years, and I see this constructing daily from my window. I consider this constructing represents each the challenges and the chance right here in Ballpark, and I’m dedicated to creating one thing that displays the character of the neighborhood whereas serving the group in a significant manner.”
The vacant constructing was offered for $1.6 million, as instructed to BusinessDen. The sale included the whole design and schematic plans developed for it, which was initially envisioned as a street-level restaurant bar with two flooring of workplace house.
Though the property has been listed among the many metropolis’s uncared for and derelict buildings, Van Sistine’s crew goals to stabilize and repurpose it as a group asset and future industrial hub.
They plan to flip the property right into a three-story multi-bar restaurant . It’s going to characteristic a music corridor, a street-level patio and a rooftop lounge.
Two blocks from the Coors Subject stadium, the 11,600-square-foot constructing has been owned in partnership by Monfort Corporations and Magnetic Capital since 2019. Denver property information reveal they acquired it for $2.9 million.
“From Day 1, our method with 2100 Larimer has been about setting the stage for one thing lasting,” stated Kenneth Monfort, government vp of Monfort Corporations.
“Matt’s long-term funding in Ballpark, each financially and personally, makes him the perfect subsequent steward. We’re proud to move the torch to somebody who shares our perception within the district’s future.”
The transaction is the newest instance of the rising collaboration between Van Sistine and Monfort, who had been key contributors to formalizing the Ballpark Basic Enchancment District (GID).
In November 2024, voters overwhelmingly permitted the Ballpark GID to boost cleansing, enhance security and handle particular initiatives within the space. Companies started this 12 months.
Monfort Corporations can also be shifting ahead with plans for a brand new mixed-use improvement at 1962 Market St. and 1320 twentieth St., which lately acquired approval from the Decrease Downtown Design Overview Fee (LDDRC).
The corporate’s different notable initiatives embrace bringing in Dierks Bentley’s Whiskey Row and Riot Home to the world.
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