A file photo of a sign on Denver Central Market reading, “Edens personnel/agents are not welcome to eat or drink in this establishment.” (Thomas Gounley)
Harmony has been restored to RiNo’s garden of Edens.
The three lawsuits that developer Ken Wolf filed earlier this year against Washington D.C.-based landlord Edens over lease terms for his businesses were dismissed last month, according to court records.
The documents do not disclose whether a settlement agreement prompted the dismissal. Wolf and a local Edens executive did not respond to separate requests for comment.
Wolf and Edens — which has spent a total of about $80 million on RiNo real estate — don’t have the typical tenant-landlord relationship.
Wolf was an early force behind RiNo’s transformation, and in 2018 sold numerous buildings in the 2600 block of Walnut and Larimer streets to Edens for about $50 million. He then became, in his words, the company’s largest tenant locally. That’s because he co-owns multiple businesses that operate in the buildings, including the Denver Central Market food hall.
In March, Wolf sued Edens on behalf of two of those businesses, restaurants Sushi-Rama and Il Posto. In June, he sued on behalf of a third, Gerard’s Pool Hall.
In each of the lawsuits, Wolf asked the court to declare Edens had the right to exercise an option to extend its lease. The leases stated that the businesses had the right to extend, but not if they had “been in default beyond any applicable cure period.”
Wolf acknowledged the businesses had paid rent late at times, including prior to the pandemic, but told BusinessDen that’s not typically considered in the real estate industry to constitute being in default beyond the cure period.
The dispute became highly public over the summer, when Wolf posted notices on the doors of his businesses telling his his landlord to keep out.
“Edens personnel/agents are not welcome to eat or drink in this establishment,” the notices read. “Edens personnel/agents are only allowed to bring prospective tenants on these premises if they are interested in leasing in this specific building. If in violation of these terms, violators will be asked to leave the premises.”
The notices, which Wolf posted and removed multiple times, are no longer in place.
A file photo of a sign on Denver Central Market reading, “Edens personnel/agents are not welcome to eat or drink in this establishment.” (Thomas Gounley)
Harmony has been restored to RiNo’s garden of Edens.
The three lawsuits that developer Ken Wolf filed earlier this year against Washington D.C.-based landlord Edens over lease terms for his businesses were dismissed last month, according to court records.
The documents do not disclose whether a settlement agreement prompted the dismissal. Wolf and a local Edens executive did not respond to separate requests for comment.
Wolf and Edens — which has spent a total of about $80 million on RiNo real estate — don’t have the typical tenant-landlord relationship.
Wolf was an early force behind RiNo’s transformation, and in 2018 sold numerous buildings in the 2600 block of Walnut and Larimer streets to Edens for about $50 million. He then became, in his words, the company’s largest tenant locally. That’s because he co-owns multiple businesses that operate in the buildings, including the Denver Central Market food hall.
In March, Wolf sued Edens on behalf of two of those businesses, restaurants Sushi-Rama and Il Posto. In June, he sued on behalf of a third, Gerard’s Pool Hall.
In each of the lawsuits, Wolf asked the court to declare Edens had the right to exercise an option to extend its lease. The leases stated that the businesses had the right to extend, but not if they had “been in default beyond any applicable cure period.”
Wolf acknowledged the businesses had paid rent late at times, including prior to the pandemic, but told BusinessDen that’s not typically considered in the real estate industry to constitute being in default beyond the cure period.
The dispute became highly public over the summer, when Wolf posted notices on the doors of his businesses telling his his landlord to keep out.
“Edens personnel/agents are not welcome to eat or drink in this establishment,” the notices read. “Edens personnel/agents are only allowed to bring prospective tenants on these premises if they are interested in leasing in this specific building. If in violation of these terms, violators will be asked to leave the premises.”
The notices, which Wolf posted and removed multiple times, are no longer in place.
