The tech giant is buying the office component of the project at 30th and Pearl streets which includes 125,000 square feet of office space.
Commercial Real Estate
Opus plans to build an apartment complex on the site, which was fenced off last week after being tagged with graffiti.
Three years after the owners purchased the building, the space at 4923 W. 38th Ave. in Berkeley is now hosting live music, theater and other performances.
The Denver-based breakfast chain, which launched in Ballpark in 2006, has 50 restaurants in the U.S. and plans to add another 12 next year.
The store said it had revenue of $1.7 million in 2019 and $1.5 million in 2020, but as of Sept. 7 the 2021 revenue was just $20,577.
The Denver-based real estate firm needs the City Council to rezone the property for structures up to 12 stories before it can proceed.
A five-story, 435-unit apartment complex is planned for the property, which spans a full city block along Kalamath Street.
The Bovine Metropolis Theater on Champa Street was all about improv, but The Jester’s Palace plans to host all kinds of entertainment.
The 85-unit redevelopment would replace several two- and three-story commercial buildings along Detroit Street built between the 1960s and 2000.
The owners of Factotum Brewhouse said their landlord wanted rent “akin to what breweries in RiNo were paying, which we rightfully felt was overpriced.”