DENVER — Catering in a growing metropolitan area comes at a price, and it typically costs the most for smaller businesses.
Another multi-story apartment complex is planned for the area near 7th and Lincoln in Denver’s Governor’s Park neighborhood. As a result of this redevelopment, Turin Bike Shop is closing its doors. Soon in its place – a possible 18-story skyscraper.
On the other side of Turin is City Bakery, which is also expected to suffer the same fate soon.
“We are going to be developed,” said Jenival Santos, owner of City Bakery. “This whole area is going to be developed – it’s likely to be apartments, retail and car parks.”
City Bakery is a staple in Governor’s Park, now nearly a decade old.
“I think it would be really sad to lose a bakery like this and lose some of that neighborhood charm,” said Taylor Circio, who lives and works in the neighborhood.
The charm of mom and pop is once again a victim of redevelopment.
City Bakery and Turin Bikes were recently acquired. Denver-based developer Carmel Partners has submitted plans for 700 Lincolns, which would mean tearing down one of Denver’s oldest bike shops and replacing it with a mix of 18-story stores, parking lots and apartments. .
“It’s quite sad because all the small businesses are going to disappear from here,” Circio said.
This is definitely an area of the city in major transition. A bird’s eye view shows this. Just behind Turin, 7/S Denver Haus now rises in place of a mid-century two-story building. A block away, Root, Denver’s mainstay, is gone, now a large hole where another multi-story mixed-use building will soon rise. A block south of that, The Gables apartments replaced a gas station, and a block east of that, Aspire 7th and Grant offers a whole new life of luxury.
“The neighborhood has changed a lot,” said Mary Coddington, who lives nearby.
Almost all of this, our building, the home of Denver7, will soon be demolished too, recently purchased by New York and Miami based PMG.
“We were really happy to have Turin in front of us,” said Evan Schapiro, who manages acquisitions for PMG. “That charm is what brought us to this specific neighborhood in Denver.”
At the same time, Schapiro and PMG realize that what is happening in Turin bears some resemblance to the redevelopment of Denver7 and the need for more housing in a jam-packed city.
“We never see additional development as a threat to us,” Schapiro said. “We understand, we’re just disappointed.”
The difference being that Denver7 has to move for more space, while moms and dads are often driven out by the pressures of redevelopment.
“Change everywhere,” Santos said. “It’s development.”
“It happens to a lot of places where they’re exhausted and they don’t know where to go,” Circio said.
City Bakery and Turin have said they would like to move, but neither company knows exactly where it might be.
Turin will be open again this Friday, Saturday and Sunday for additional closing sales.