The Denver-based bagel shop is adding a location in Boulder’s University Hill neighborhood around April.
Brue Baukol bought the site late last year for $34.93 million, a discount of just more than 37% from the $55.6 million that ConocoPhillips paid for the property in 2008.
Facing a financial crisis amid the fallout of a sexual misconduct scandal involving Shambhala members, the group sold the Marpa House in 2019 to a group of investors led by developer John Kirkland. The price was just under $5 million.
Crocs CEO Andrew Rees was given 108,510 shares worth about $7 million while chief financial officer Anne Mehlman and chief legal and risk officer Daniel Hart received incentive packages worth $3 million and $2 million, respectively.
She takes over leadership of Techstars from the accelerator’s co-founder David Brown, who will continue to serve on the board.
There aren’t any affordable units proposed. Rather, Hines plans to pay a $1.4 million cash-in-lieu fee.
The Boulder restaurant opened in 2010 and closed in early 2019, but there are a handful of Ted’s restaurants still operating in the Denver suburbs and in Colorado Springs.
Kevin Classen, a banking industry veteran who started his tenure in Vail and helped lead FirstBank’s foray into the Arizona market, will succeed Ron Tilton, who is retiring in February after three-and-half decades at the institution.