A local development partnership will break ground this month on a $3.2 million restaurant and bar just west of the Hollywood Theater and planned Renaissance Hotel off Interquest Parkway.
The 6,500-square-foot Colorado Mountain Brewery, with more than 3,000 square feet of outside patio dining space, is designed for casual and family dining and will feature a pub feel and a complete “handcrafted” brewing operation.
Ground breaking on the building which will face Pikes Peak and the U.S. Air Force Academy and share some parking with the theater, is scheduled for Sept. 11.
CMB general partner and developer Scott Koons graduated during June 1993 from the academy and went on to become an entrepreneur in Florida. Upon returning to the area, he decided to open a new business — a brew pub — with a Colorado flavor that would cater to local tastes.
To find just the right location Koons did his homework, circling the Pikes Peak region’s available sites before landing at Nor’Wood Development’s 2-acre site at Interquest Marketplace.
“We looked at other parts of town, mostly on the west side in Manitou Springs and Mountain Shadows, but just couldn’t make the numbers work,” he said. “Then one day we looked at this site, and realized what a winning location it was.”
Demographic studies supported his decision, promising plenty of rooftops in neighboring Flying Horse, Gleneagle, Jackson Creek and Monument. Surrounding household incomes average more than $100,000 annually, and total employment within a five-mile radius averages about 65,000 people likely to pass by on a daily basis.
The restaurant’s concept has been honed to incorporate the “Colorado mountain experience,” but along with the expected massive pine beams, stucco and rock, the building will feature steel exterior trim and interior finishes.
Nelson & Associates is the project’s architect and Senger Design Group will handle interior design and finishes as well as layout.
Open Range Construction, owned by Dan Vogel, is the general contractor — and a stakeholder in the restaurant and bar’s success. He invested in the project and will contribute his background in insulated concrete form construction. Just the savings from the building’s R-50 insulation is going to provide significant savings on utilities and a better return on investment, Vogel said.
“It’s a great location. We’ve talked to lots of friends who live up north, and they’ve all said ‘Finally, a restaurant, a place to hang out up here. We haven’t had that many options until now.’”
The owner of Colorado Springs’ Asian Market, has purchased a Denver distribution facility at 3770 E. 40th Ave. for $2.15 million.
Lee Hing Inc., which specializes in Asian food for restaurants, grocery stores and wholesale distribution along the Front Range, was the buyer. The company’s retail and local distribution center at 615 Wooten Road was purchased two years ago.
Lloyd Riphenburg of Olive Real Estate Group and Peter Beugg of Frederick Ross Co. represented the buyer and Scott Patterson of Ringsby Realty represented the seller, United Food Services.
Becky Hurley covers real estate for the Colorado Springs Business Journal.