Former Blake Street Tavern building in LoDo purchased by Denver investment firm for $7.5M

The former Blake Street Tavern building in LoDo has a new owner. Denver-based Sidford Capital purchased the in-default loan for the 53,000-square-foot building at 2301 Blake St. in Denver, then took ownership through a deed-in-lieu of foreclosure last week, according to public records. The records indicate Sidford paid $7.5 million. The company took out a $6 million loan from MidFirst Bank. Sidford Principal Dan Grooters said the building is 66% leased to International Workplace Group (formerly Regus), which operates its Spaces coworking concept there. The remainder, formerly home to the Blake Street Tavern sports bar, which closed in 2023 after 20 years, is vacant. The 1.2-acre property also includes two parking lots. Sidford took ownership from Seattle-based Urban Renaissance Group, which purchased the property in July 2016 for $21.2 million, records show. Related Articles Johnny Curiel to open ‘tasting menu restaurant’ on Taxi campus Yardbird missed $50K rent payment before October closure, landlord says Colorado real estate investor sues Adams County over increased valuations Luxury penthouse in Downtown Denver sells for $3.9M after hefty price reduction Consumer inflation in Denver has its biggest two-month drop since 2019 In October 2016, records show, URG took out a $12.5 million loan from Sun Life Assurance Co. of Canada that was set to mature in November 2026. But in October of this year, with $10.3 million still owed, the loan “went nonperforming as a result of a payment default,” according to a JLL listing. URG no longer has any Denver holdings. This year,…

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