The onetime Tavern Tech Middle in Greenwood Village, which has been closed since 2020, may turn out to be a Cherry Cricket.
The burger joint with places in Cherry Creek, Ballpark and Littleton is below contract to shop for the valuables at 5336 DTC Blvd., in step with Lee Driscoll, CEO of the eating place’s guardian corporate.
Driscoll, who runs Breckenridge-Wynkoop, LLC, instructed participants of the Greenwood Village Town Council final week that his corporate “simply began our due diligence at the belongings.”
Driscoll stated whether or not his corporate in the long run buys the valuables and opens a Cherry Cricket within the current construction depends upon the price of renovations, which has but to be made up our minds.
“The valuables is in excellent form,” he stated. “However our thought is quite other. So there can be an important quantity of value in a conversion to a Cherry Cricket, which is solely a lot more of a food-oriented thought. We’re 72% food-to-alcohol at our current Crickets.”
Cherry Cricket has operated in Cherry Creek since 1945. The eating place expanded to Ballpark in 2018, and to Littleton in 2023. A fourth location, in Broomfield, is predicted to open in past due summer time.
Breckenridge-Wynkoop additionally owns Wynkoop Brewing Co. in downtown Denver, Phantom Canyon Brewing Co. in Colorado Springs and Ale Area in Grand Junction.
Driscoll instructed the Greenwood Village council final week that spaces out of doors Denver correct are extra sexy for growth.
“We have now been having a look intently at some other Denver location however we’ve made up our minds that, at this level, we’d most probably desire to not be in Denver,” he stated.
Alex Bunn, the eating place workforce’s leader advertising officer, instructed BusinessDen that Denver’s upper exertions prices have been at the back of Driscoll’s remark. Town’s hourly minimal salary is $4 greater than the state minimal salary.
Bunn stated Breckenridge-Wynkoop doesn’t have a goal for a selected collection of Cherry Cricket places.
“We take it separately,” she stated. “We have a look at each and every alternative by itself.”
Bunn stated the logo is “now not venturing a ways from house” and expects to stick inside of Denver and the encompassing suburbs.
Tavern Tech Middle was once as soon as considered one of a number of native Tavern spots run by means of restaurateur Frank Schultz and his mom Terry Papay. Schultz attributed its 2020 closure to COVID.
Schultz and his mom sued each and every different in 2023 and, as a part of a agreement, indexed a dozen collectively owned homes on the market final spring.
Schultz instructed the council that he’d at first was hoping to shop for out his mom’s stake within the Greenwood Village belongings and stay it himself. He was once operating thru that, he stated, when Cherry Cricket expressed passion in purchasing it.
“I keep in mind designing this position and development it. It’s beautiful unhappy for me,” Schultz stated. “But it surely’s one thing you gotta do to transport on.”
The 5336 DTC Blvd. development is 9,800 sq. toes with a 1,600-square-foot rooftop patio. It sits on 1.29 acres and was once indexed on the market for $6.35 million.
Schultz and Driscoll addressed the council in reference to a request to resume the valuables’s liquor license. Cherry Cricket would later search to have the license transferred to it if the corporate proceeds with the acquisition. The renewal was once unanimously licensed.
Schultz and Papay offered a nook in LoHi previous this yr. Schultz instructed BusinessDen on Tuesday that he’s just about a deal for the previous Tavern Littleton belongings and that he’d nonetheless like to shop for his mom’s stake within the Chopper’s belongings at 80 S. Madison in Denver.
“I’d like to carry directly to Chopper’s in Cherry Creek,” he stated. “That’s most probably my precedence.”
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