Building on Old South Pearl Street Avoids Demolition
DENVER – The building at 1551 S Pearl Street, formerly known as Gaia restaurant, is now for sale by its owner, Patrick Finney of FINN Real Estate. “The building was slated to be demolished, and a modern, Coworking Space was to go up,” a Finney representative wrote in an email statement to Mile High CRE. “Instead, Finney has decided to move on to another real estate opportunity.”
“I will be be happy to see the area maintain its charm and character. I hope the future owner, whomever that may be, will choose to develop it to keep the feel of the neighborhood.”
Finney was planning to build a two-story, 17,000-square-foot office with underground parking, reserving 2,500-square-feet for his firm’s office and the remainder for coworking.
Neighbors reportedly objected to demolishing the century-old buildings and a petition seeking to block Finn’s redevelopment on Change.org drew 645 supporters.
According to LoopNet, the 9,400-square-foot assemblage is back on the market for a cool $2.7M. The 1551 property is a 1,400-square-foot turn of the century house on a 6,250-square-foot lot, was previously utilized as a successful crepe bistro. The 1545 property is a 2,000-square-foot two story on a 3,146-square-foot lot, is comprised of first floor retail and the second floor is an apartment.
Image courtesy of FINN Real Estate.