A year after Denver's beloved Bonnie Brae Tavern shuttered its doors, Alpine Investments & Revesco have offered fresh insight into their redevelopment plans for the site.
The redevelopment plans followed the closure of the Bonnie Brae Tavern in June 2022, a decision taken by the Dire family, owners of the establishment since its inception during the Depression era. A combination of aging infrastructure, the impacts of the COVID pandemic, and economic challenges precipitated their decision to sell.
Alpine Investments released new renderings and details about their much-anticipated project 'akin Bonnie Brae.' The development, poised at the intersection of University & Ohio, is set to include a three-story, 48-unit luxury apartment building incorporating ground-floor retail space.
The companies, led by Churchill Bunn of Alpine Investments and Rhys Duggan of Revesco Properties, purchased the 0.72-acre site for around $144 per square foot last year. Their acquisition incorporated the Bonnie Brae Tavern building, the neighboring Wish Gifts edifice at 750 S. University Blvd., and adjacent parking areas.
According to Alpine Investments, akin Bonnie Brae aims to bolster the neighborhood's allure, harmonizing the upscale, boutique setting with the broader streetscape. Emphasizing connectivity and integration, the luxury apartment complex seeks to marry modern living with the rich heritage of one of Denver's oldest communities.
While construction has yet to begin, Alpine Investment provided an estimated completion date of Q1 2025.