Monfort Companies, a community-minded investment and development company, has closed on the sale of 1946 Market St. in LoDo. The property, currently occupied by Dierks Bentley’s Whiskey Row, sold for $24 million to Jim Blumenthal, a local real estate investor.
“The sale of 1946 Market St. raises the economic value and profile of the block, paving the way for further investment in the vibrancy of this key district,” said Kenneth Monfort, executive vice president of Monfort Companies. “We are committed to continuing to build a world-class entertainment district in the Ball Park neighborhood that attracts residents and visitors alike while making a strong economic impact here in LoDo.”
In preparation for the New Year’s Eve opening of Whiskey Row, the 22,000-square-foot building underwent a massive renovation, including a 6,000-square-foot addition. Monfort and Riot Hospitality Group will continue to lease and operate Whiskey Row, which has quickly become a popular nightlife and entertainment destination.
Brett MacDougall and Michael DeSantis, vice presidents, with Unique Properties, Inc./TCN Worldwide, represented buyer Jim Blumenthal, the owner of Trailer Source, Inc., a Colorado RV dealership, and JC Three Development, a local real estate investment company.
“I am thankful to have the opportunity to acquire such an iconic piece of Denver property and I look forward to the collaboration with Monfort Companies and Riot Hospitality Group,” said Jim Blumenthal, “1946 Market has set the new standard for this type of entertainment venue in the heart of Denver thanks to their high standards for delivering a superb customer experience.”
This deal is one of several recent moves by Monfort Companies in the Ball Park neighborhood. In January, Monfort announced it would once again partner with Riot Hospitality Group to debut a new concept at 1920 Market St., which is directly adjacent to Whiskey Row. The partnership also recently purchased 2100 Larimer St., which will open as national piano bar concept Howl at the Moon in Fall 2022.
Photo courtesy of Monfort Companies
