Asana Partners, a North Carolina-based real estate investment firm, is working to restore Larimer Square in Denver by completing restorations, introducing new businesses and planning community even…
A pedestrian walks past an empty store front on Larimer Street in Denver on Oct. 9, 2024. Denver native Keith Oelschlager has been going to Larimer Square since he was a teenager in the 1980s. It was the place where people in the neighborhood would hang out and shop. For him, that isn’t the case anymore.“You have tourists walking down the street, and they’re taking pictures of the flags and lines and things that are kind of hanging up in the street, and then they just kind of leave.
“We have approximately 143,000 square feet of restaurant and retail space across the block. Approximately 103,000 square feet is currently occupied and approximately 26,000 square feet is leased but not yet open for business, as the businesses are going through the plans and permitting process.” Some of his clients include Rioja, a Mediterranean restaurant that remains in Larimer Square, and Bistro Vendôme, a French Restaurant that relocated out of Larimer Square to Denver’s Park Hill area last year.
“It was no hard feelings. There was nothing. It was just, you know, they were going to transform that space into what they needed to do for the structure above it,” Bonanno said. “I liked that you could stay there as long as you wanted, and they were never trying to hustle you out the door or get you to buy more,” he said.
“That just, you know, tore a hole through the fabric of the economics of restaurants in downtown, and continues to do that, to some extent.”Asana Partners invested $20 million on historic restoration work, including updates to aging infrastructure systems to ensure sustained vitality of the historic block, according to a news release earlier this year.
“All disruptive work impacting the sidewalks and storefronts is now complete and has paved the way for vibrant re-openings of retailers and restaurants across the block,” she said. As well as introducing new businesses, McDonald said the addition of Two Parts, a local marketing and events group, has also steadily built momentum around the programming of Larimer Square since the firm started earlier this year. A few activities have included partnerships with fitness brand SweatNET and nonprofit organizations like MaxFund Animal Adoption Center, along with blockwide markets and live music.
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