Whiskey price

Dierks Bentley’s Whiskey Row sells to local property investor

Monfort Companies, a community-minded investment and development firm, has completed the sale of 1946 Market St. to LoDo. The property, currently occupied by Dierks Bentley’s Whiskey Row, was sold for $24 million to Jim Blumenthal, a local property investor.

“The sale of 1946 Market St. increases the economic value and profile of the block, paving the way for further investment in the vibrancy of this key neighborhood,” said Kenneth Monfort, executive vice president of Monfort Companies. “We are committed to continuing to build a world-class entertainment district in the Ball Park neighborhood that attracts residents and visitors while having a strong economic impact here in LoDo.”

In preparation for the New Year’s opening of Whiskey Row, the 22,000 square foot building underwent a massive renovation, including a 6,000 square foot addition. Monfort and Riot Hospitality Group will continue to lease and operate Whiskey Row, which has quickly become a popular nightlife and entertainment destination.

Brett MacDougall and Michael DeSantis, vice presidents of Unique Properties, Inc./TCN Worldwide, represented buyer Jim Blumenthal, owner of Trailer Source, Inc., a Colorado RV dealership, and JC Three Development, an local real estate investment.

“I am grateful for the opportunity to acquire such an iconic Denver property and look forward to working with Monfort Companies and Riot Hospitality Group,” said Jim Blumenthal, “1946 Market has set the new standard for this type of entertainment held in the heart of Denver with their high standards for providing a superb customer experience.

This deal is one of many recent moves by Monfort businesses to the Ball Park area. In January, Monfort announced it would partner again with Riot Hospitality Group to launch a new concept at 1920 Market St., which is directly adjacent to Whiskey Row. The partnership also recently purchased 2100 Larimer St., which will open as a nationwide Howl at the Moon concept piano bar in fall 2022.

Photo courtesy of Monfort Enterprises