A former theater along South Broadway in Denver that sold last month will remain an event center going forward.
Pete Foster, a local real estate broker, said Thursday that he and business partner Yimaj “Steve” Kalifa will take over the 119 S. Broadway building in July, after current tenant Archetype Distillery moves out.Kalifa purchased the building last month for $5.84 million from Archetype founder Wade Murphy.
Archetype has been using the space for both distilling and hosting events. But Murphy is moving the distillery operations to Eagle County no later than June. And he told BusinessDen in December he wanted to get out of hosting events, noting it was a completely different business than making spirits.“It’s basically brand new in here,” he said.Foster, 45 and a Colorado State University graduate, said he’s been a real estate broker locally for 17 years, the past two with Madison Commercial.
It’s one of two projects the two have teamed up on. Kalifa and Foster are also working to open a jazz club called LIV Denver at 1448 Market St.
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