Denver-based Development Firm Acquires Building Occupied by Turin Bicycles
A Denver-based entity of real estate development firm St. Charles Town Company has completed the purchase of a 15,164-square-foot retail building at 7th Avenue and Lincoln Street in Denver. The property has been home to Turin Bicycles for nearly 30 years and will continue to be their home.
“We love this location with the activity along 7th Avenue and the area’s iconic Denver tenants like Turin, Racines, Mizuna and Benny’s,” said Charlie Woolley, president and founding principal at St Charles. “Turin has been Denver’s bicycle shop for 49 years, and we are thrilled to have inherited a legacy Denver business as our tenant.” “Who doesn’t love a bike shop?” added St. Charles CFO and Principal Darrin Grommeck. “With its proximity to the Cherry Creek Bike Path and easy access to downtown, this property was exciting for us and we’re proud to add it to our growing retail portfolio.”
700 N Lincoln was built in 1926 by the Silver State Rubber Company, an automobile tire dealer. During the first half of the 20th century, the Broadway/Lincoln corridor was the automotive hub of Denver, with more than 50 dealerships, garages, and repair shops. The building was later repurposed as a typographic services establishment, and was occupied by several other businesses over the years before becoming the home of Turin Bicycles in 1991.
This is the 9th property in St. Charles’ Denver infill retail portfolio. Founded in 1993, the company focuses on thoughtful historic preservation and place-making with the goal of supporting new uses that create a dynamic urban environment.