Citing the neighborhood’s growing momentum with recent developments like Dairy Bock, McGregor Square and Dierks Bentley’s Whiskey Row, as well as the future 5280 Trail, Monfort Companies and Magnetic Capital were quick to seize the building, which has sat vacant since December of 2019.
“Denver is ready for a world-class Ballpark District, and investments like this are key to kickstarting further investment and revitalization in the Ballpark neighborhood,” says Kenneth Monfort, executive vice president of Monfort. “We are committed to Denver’s long-term economic growth and vitality, and LoDo is well-positioned to attract residents and visitors alike for year-round entertainment.”
Formerly home to karaoke and comedy bar El Charrito, Howl at the Moon, a live music bar, will now occupy the entire first floor and operate a nightclub on the lower level. Blending historic character with modern features, revitalization plans include restoring the building’s historic façade and adding a third story with an expansive outdoor terrace. The building’s second and third floors will be leased for boutique office space.
“We’re confident that by creating new opportunities for office and retail surrounding the Ballpark District, we can help to further shape the future of this vibrant and diverse neighborhood,” said Daniel Huml, managing principal of Magnetic Capital.
Construction is expected to begin this spring, with plans to open Howl at the Moon this fall.