The building that houses the Tavern Uptown, a popular watering hole at 538 E. 17th Ave., is being redeveloped into a mixed-use project with plans to develop an eight-story building with roughly 315 apartments and 14,000 square feet of retail space, which will include the addition of a rooftop patio for the Tavern on top of the eight-story building.
A joint venture between Southern Land Company of Nashville, and real estate investment firm GTIS Partners LP, headquartered in New York City, has announced plans for the redevelopment of a 1.5-acre site in the Uptown neighborhood.
Tim Downey, CEO of Southern Land Company, said, “We are delighted to have the opportunity to develop much-needed apartment housing in Denver while enabling a popular neighborhood gathering spot to continue to thrive and serve its loyal customers. This location offers the ideal setting to benefit the community, businesses and residents alike.”
“We couldn’t be more pleased with the site’s proximity to downtown jobs and its easy access to Uptown’s amenities and parks” added Ken Howell, CFO of Southern Land Company.
“Over the years, we’ve been approached by various developers who wanted to purchase our property,” says THG Owner/CEO Frank Schultz. “We’ve always declined because we have a history in Uptown and could never imagine leaving the neighborhood. Tavern Uptown was our first location – the birthplace of Tavern – so it’s pretty sentimental to us. We feel we’re part of the fabric of the community and have grown with the neighborhood. Our regular guests have been coming for years and are family to us.
“Southern Land Company recognized our steadfast stance of keeping Tavern Uptown in our same location. They proposed a plan, which includes Tavern Uptown in the redesign of their new multifamily building. This is a really exciting opportunity for us to keep Tavern Uptown in the community, yet create a bigger and better version.” The Tavern Uptown will not close for rebuilding until early next year.
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