Denver firm Oz and the developers of One River Run told BusinessDen that they are cooperating on design and construction and aim to finish on time.
The Denver-based company, which at one point had 20 locations and more than $100 million in annual revenue, owes landlords millions.
Element is one of the key developers of the nearby S’Park mixed-use project.
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“I found myself daydreaming more about launching Thompson Growth Partners than about the 99th iteration of a salvation plan for Punch Bowl.” — Robert Thompson
The Westminster club, which opened in the 1970s, was sold by the members last week to a golf course operator with a 20-course portfolio.
Cole Chandler, a nonprofit director working with the city, said he hopes to find three more locations, each for 50 tents and 60 people.
“We are aware of the costs, and I wish it would have been simpler or easier,” countered receiver Harvey Sender.
This summer, American tourists have replaced international ones, who used to account for 25 percent of the company’s business.
The company, which had 20 locations that went dark in March, predicts business won’t get back to prepandemic levels for three years.