Rosemary Cafe owner sells Harvey Park real estate; buyer hopes for reboot – BusinessDen

Rosemary Cafe owner sells Harvey Park real estate; buyer hopes for reboot – BusinessDen

Rosemary Cafe at 2133 S. Sheridan Blvd. closed in Might after 30 years in enterprise. (Matthew Geiger photographs)

Rosemary Cafe, a staple of Harvey Park for 30 years, completely closed final month. The property was purchased to buyers quickly after.

The househprevious-type restaurant’s exact property at 2133 S. Sheridan Blvd. was purchased to Hub Enchancment, LLC for $1.8 million on Might 18, Based mostly on public data. That entity is affiliated with Denver-based EXDO Group Cos.

The restaurant constructing itself had been listed for $1.6 million, with An further $200,000 for FF&E and enterprise belongings. The restaurant is 5,110 sq. ft, so The worth per sq. foot is about $303.

Rosemary Cafe was opened in 1992 by George Moraitis, Based mostly on the restaurant’s Fb Website. Moraitis is a managing companion of Rosemary Group Property Hpreviousings LLC — the entity that purchased the property to EXDO — Collectively with Gerasimos “Mike” Apergis, the late proprietor of Breakfast King, which closed in January.

Rosemary Group paid $600,000 for the property in 1999, data current.

EXDO Chief Working Officer Kevin Preblud tprevious BusinessDen thOn The agency is Wanting for a tenant Which will use The prevailing constructing, and he’d be Proud of a reboot.

“My choice Can be to get somebody to proceed as Rosemary Cafe. WhOn they do with the menu, the hours, that’s going to be As a lot As a Outcome of them,” Preblud …….

Source: https://businessden.com/2022/06/09/rosemary-cafe-owner-sells-harvey-park-real-estate-buyer-hopes-for-reboot/

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