Tennyson Street bar buys its real estate for $1.6M

Eli Cox owns the barstools at My Boy Tony and now the ground they sit on too I just want to keep it as something good for the group he commented Cox and business partner Mark Hansen who owns the backpack brand Topo Designs purchased the real estate for their bar at Tennyson St last week for million according to residents records No immediate changes are planned The -square-foot corner retail building has an outdoor patio and a single apartment upstairs It traded for per square foot which Cox noted wasn t dramatically less than the appraised value Community records show that the two buyers took out a million -year loan with a variable interest rate from Alpine Bank No outside investors are involved in the real estate Cox announced The bar business has a third partner John Strieby who was not part of the property transaction The building was sold by Nicole Sullivan who operated BookBar a part bookstore part bar in the space for about a decade before closing in early Sullivan bought the building for in September records show When we bought the building there were bars on all the doors and the windows The bowling alley was still there the hardware store was still there Tennyson was very different Sullivan reported The property was originally a Victorian-style home built in Its retail storefront was later added in population records show Sullivan never listed the building for sale instead going to Cox and Hansen who had described her they demanded a chance to buy should she ever sell I would have never sold it to a developer Sullivan disclosed I would be thoroughly heartbroken if it were ever scraped Related Articles Owner of My Neighbor Felix plans to open new Denver steakhouse in LoDo Quality Italian restaurant in Cherry Creek has street-level patio vetoed by Denver City Council Cucina Colore corner in Cherry Creek sells for M Macy s sells its space in Littleton mall for M A year later no charges in M Cherry Creek jewelry heist Sullivan is preparing to move out of state Last month she sold her remaining bookstore The Bookies at Holly St in Denver s Virginia Village neighborhood Sullivan still owns that store s real estate however as well as a building at Lowell Blvd in Berkeley It houses her nonprofit BookGive which gives away used books Books were my window to the greater world Had it not been for that I perhaps would have just stayed in my hometown and would ve ended up with a smaller life mentioned Sullivan who hails from a small town in Missouri All the reading I did opened me up to all the other cultures that were out there For Cox meanwhile this building is another feather in his Tennyson real estate cap The entrepreneur founded clothing store Berkeley Supply in situated two blocks up the street from My Boy Tony He and partners purchased the liquor store at Tennyson St and its real estate in the fall of Before these ventures he worked at another Tennyson eatery Hops Pie Without Tennyson Street I would have nothing and I want to make sure it stays the way it s invariably been and not get crazy corporate Cox reported Get more real estate and business news by signing up for our weekly newsletter On the Block