Asana Partners snaps up more retail space along Tennyson Street
Thomas Gounley photo)
The Charlotte-based real estate firm that loves Tennyson Street has made another buy.
Asana Partners, which is also the new owner of Larimer Square, paid $1.73 million earlier this week for the retail space at 4144 Tennyson St., on the ground floor of a three-story condominium building dubbed Streetcar Lofts.
The unit is leased to Alchemy 365, a fitness studio. It’s 4,844 square feet, according to property records, which makes the deal worth $356 a square foot.
Asana has now paid about $11.25 million for Tennyson retail buildings over the last 20 months. Here are the previous deals:
Last March, facing pandemic-based business restrictions, The Market, at 1445 Larimer Street, closed for good after more than forty years of serving espresso drinks, deli sandwiches and baked goods to downtown residents and visitors. And then things really started to change on Larimer Square.
A deal to sell the entire Larimer Square real-estate package was announced in the fall, and the sale by Jeff Hermanson (who had owned Larimer Square since 1993) to Asana Partners closed in mid-December. In the meantime, entrepreneur Josh Sampson, founder of TheBigWonderful, Neon Baby, Denver Bazaar and other ventures, had opened a couple of new projects on the block, including Farmers Market LSQ, a collection of Denver food artisans peddling breads, pastries and other goods inside the former home of the Market.
â Leo Tolstoy
Thirty-five years ago, Brian Mahoney and Larry Jones had a dream.
Decades later we walk and bike the paved paths of the Riverfront Trail. Post-COVID, weâll once again attend concerts at the Las Colonias Amphitheater. My granddaughter will be able to enjoy one of her favorite outings at the River Park at Las Colonias while boaters and paddlers put in at the nearby launch.
New jobs are being created at Las Colonias business park and on the other side of Fifth Street at the Riverfront at Dos Rios. The trail once limited to a small stretch of the Colorado River in Grand Junction now spans the Grand Valley from Palisade on the east out to Fruita and Loma and includes two of the three sections of the Colorado River State Park.
Although guitarist Eddie Roberts wasn’t able to tour last year with his group the New Mastersounds because of the pandemic, he’s been busy expanding Color Red, the Denver-based label he founded in 2018. Over the past year, Color Red has launched branches in Japan and France, released music from acts around the world, started the Roberts-curated vinyl club Rare Sounds, and also has a hand in the Larimer Records Cafe, set to open in Larimer Square on January 20.
Since most members of Color Red’s team are musicians, who weren’t gigging because of COVID-19, they were able to ramp up things at the label. Over the first years of Color Red, part of the vision of the imprint was to release a digital single, Roberts says, but at times in 2020, Color Red released five singles a week.