N※N

Blake Street Tavern Building Sold for $6.7 Million

  //stocks-investing.news-articles.net/content/202 .. street-tavern-building-sold-for-6-7-million.html
  Published in Stocks and Investing on Monday, February 2nd 2026 at 3:03 GMT by The Denver Post
      Locales: Colorado, UNITED STATES

Denver, CO - February 2nd, 2026 - The iconic building that once housed the beloved Blake Street Tavern in Denver's Lower Downtown (LoDo) Historic District has been sold, signaling a new chapter for the property and potentially, a broader shift in the dynamic landscape of one of Denver's most vibrant neighborhoods. County records confirm the sale closed on December 23rd, 2025, with a price tag of $6.7 million.

The building, located at 2000 Blake Street and encompassing 10,574 square feet, carries significant weight in LoDo's history. The Blake Street Tavern, a staple for locals and tourists alike, sadly succumbed to the economic pressures exacerbated by the pandemic, closing its doors in May 2023. Its closure left a noticeable void in the LoDo entertainment scene, highlighting the challenges faced by long-standing businesses navigating a rapidly changing urban environment.

The purchasing entity is a partnership spearheaded by seasoned Denver developers Michael Brungardt and Derek Peasley. The duo, known for their successful revitalization projects throughout the city, have outlined ambitious plans to breathe new life into the historic structure. While the specifics of the redevelopment remain under wraps, Brungardt stated, "We're excited to bring new life to this LoDo landmark," hinting at a sensitive approach that balances modernization with preservation.

This sale isn't merely a real estate transaction; it's a microcosm of the larger forces reshaping LoDo. For years, the district has been a magnet for investment, fueled by its prime location adjacent to Coors Field, the bustling convention center, and a growing array of restaurants, bars, and retail outlets. Developers have continuously sought to capitalize on this advantageous position, leading to a surge in construction and a corresponding increase in property values.

The challenge, however, lies in maintaining the unique character of LoDo amidst this rapid development. The historic district boasts a collection of beautifully preserved Victorian-era buildings, a testament to Denver's origins. Balancing the demands of modern development with the imperative to preserve this architectural heritage is a constant tightrope walk for city planners and developers alike. Brungardt and Peasley's commitment to preserving the building's historic character is therefore a welcome sign, suggesting a thoughtful approach to the redevelopment.

Experts predict the renovations will likely involve a modernization of the interior infrastructure - updating plumbing, electrical systems, and HVAC - to meet contemporary standards and attract a wider range of tenants. However, the exterior facade, a key component of LoDo's historic streetscape, is expected to remain largely intact. Speculation is rife regarding the potential use of the redeveloped space. Rumors range from a high-end restaurant or boutique hotel to a creative office space designed to attract tech companies and innovative startups. Given the current market trends, a mixed-use development incorporating retail on the ground floor and residential units above seems plausible.

The impact of this redevelopment extends beyond the immediate property. The planned enhancements to the streetscape are expected to contribute to the overall vibrancy of Blake Street, attracting more foot traffic and further boosting local businesses. LoDo's Business Improvement District (BID) has been actively involved in discussions with Brungardt and Peasley, advocating for pedestrian-friendly improvements and public art installations that will enhance the district's appeal.

Furthermore, the sale of the Blake Street Tavern building underscores the ongoing evolution of LoDo's entertainment landscape. While the closure of the tavern was a loss, it also presented an opportunity for innovation. The new development may introduce a different type of entertainment venue, catering to a changing demographic and reflecting the evolving tastes of Denver residents. The area continues to see a balance of traditional establishments and trendy newcomers, creating a dynamic and diverse atmosphere.

The redevelopment of 2000 Blake Street is poised to become a landmark project, symbolizing the ongoing transformation of LoDo. It represents a delicate balance between preserving the past and embracing the future, a challenge that will define the district's identity for years to come. The eyes of Denver are now focused on Brungardt and Peasley, eager to witness their vision for this historic LoDo landmark come to fruition.