The LoDo building that once housed Beta Nightclub, which the city forced to close in early 2021, has sold.
R and R LLC, an entity managed by Aurora car lot owner Walid Maaliki, paid $5.55 million this week for the 1909 Blake St. property.
The deal comes days after Maaliki sold the neighboring 1919 Blake St. building, formerly home to Falling Rock Tap House, which closed in 2021 after operating for 24 years.
Both properties are linked to former Beta owner Hussam Kayali — and recent crime.
Beta Nightclub operated in a portion of 1909 Blake St. until January 2021, when the city revoked the business’ liquor and cabaret licenses, effectively forcing it to cease operating.
The revocation followed a two-day hearing in which city officials discussed drug deals at the club and a nearby shooting.
Beta was owned by Kayali, who also goes by the name Valentes Corleons.
But Kayali didn’t own Beta’s real estate. The entity that sold it this week was Zacher’s Investment LLC, managed by Colman Kahn. He purchased the property in 1990 for $240,000, records show.
Maaliki, the buyer that paid $5.5 million for it this week, said the building — which records show as 11,000 square feet — is vacant.
Maaliki said he is open to leasing the property, but also might resell it. He said other parties tried to buy the property from Kahn and might still be interested.
“I don’t want to be in the bar business,” he said.
1919 Blake St.
Falling Rock Tap House closed at 1919 Blake St. in June 2021.
The next month, the property sold for $2.5 million to Beta owner Kayali, whose nightclub next door still had its licenses at that point. He opened a business called The Cabin Tap House where Falling Rock had operated.
On New Year’s Day in January 2021, four people were shot at The Cabin, two fatally. The city suspended the business’ liquor and cabaret licenses. Days later, they revoked the licenses for Beta next door.
Later that month, Kayali sold the 1919 Blake building to Maaliki’s R and R LLC for the same price he had paid.
Maaliki told BusinessDen Thursday that the deal had been in the works prior to the shooting at The Cabin, which led to the city declaring the property a nuisance.
“It took me almost six, seven months to get the thing removed so I could sell it,” he said of the designation.
The building has been vacant since the shooting. Maaliki sold the property last week for $2.94 million to Mile High on Blake St LLC. The buyer’s plans were not immediately clear.