Cherry Cricket properties in Cherry Creek were sold to a Denver developer who has family ties to the restaurant’s leadership.
Alpine Investments said in a statement Friday that it and a group of “primarily local investors” had purchased the restaurant’s property on the corner of 2nd Avenue and Clayton Street.
Alpine paid $25.2 million, according to public records. The deal included two packages, plus Cherry Cricket which is home to a tailor and Forget Me Not, a cocktail bar from restaurateur Juan Padro.
The properties were sold by a subsidiary of Seattle-based Unico Properties, which it bought in 2015 for $13.8 million from Breckenridge-Wynkoop LLC, the parent company of Cherry Cricket, records show.
The restaurant group, whose other brands include LoDo’s Wynkoop Brewing Co., must enjoy. and the recently closed Ale House at Amato’s in LoHi, is on good terms with its new owner.
Alpine Investments is led by Churchill Boone and David Beach III. Boone is the brother-in-law of Ed Serkovnik, a senior executive at Breckenridge-Wynkoop, and his wife serves at the company as the vice president of brand strategy and growth, according to her LinkedIn profile.
Cherry Cricket is the Cherry Creek Foundation. The restaurant opened in 1945 and moved to its current location about five years later, according to the restaurant’s Facebook page. It has had several owners over the years, and was purchased by the company now known as Breckenridge-Wynkoop in 2000. The restaurant added a second location in Ballpark in 2018 and has a third location in the works in Littleton.
The two plots total 0.57 acres, according to property records. This is a major development site for the neighborhood; Across the street, an eight-story office building is being constructed on a 0.29-acre plot. Alpine is primarily a developer, though its website shows two properties the company has purchased as a buy-and-hold investment.
Boone did not respond to a request for comment. In its statement, Alpine said the purchase “will ensure that The Cherry Cricket can continue operating in its current location for many years to come.” An Alpine spokeswoman said the company had “no plans at this time” to redevelop the property.
Records show that no redevelopment proposals were made to the city. In late 2017, former property owner Unico applied for a designation that would make it easy to demolish the existing structure for five years, which will expire sometime later this year or early next year. At the time, Breckenridge-Wynkoop CEO Lee Driscoll told 9News that the restaurant was on its 38-year lease.
Alpine recently purchased the Bonnie Brae Tavern estate from the Dire family, who have run the restaurant for 88 years. The company and Revesco Properties plan to build a condominium project there, and at three other locations across the city.
Alpine’s development portfolio includes the Edge LoHi apartment building and an apartment building at 3870 Tennyson St.
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This story was reported by our partner BusinessDen.