Doug McKinnon wants to redo the gateway to South Pearl Street’s shops and restaurants in Platt Park.
The real estate investor, through his firm McKinnon & Associates, submitted plans to Denver last week to redevelop his 0.29-acre 1301 S. Pearl St. lot, which sits next to the South Pearl sign welcoming people into the neighborhood.
The lot was formerly home to Hanson’s, a burger joint that closed in 2020 and was demolished in the past year. McKinnon bought the property for $2.9 million in cash last December.
McKinnon’s proposed three-story building would include a little bit of everything. The ground-floor corner is intended for a restaurant, with more retail along Pearl Street and residential along Louisiana Avenue next to it.
Residential and office space is anticipated for the second and third floors. There would also be underground parking. Local shop OZ Architecture drew up the plans.
“Given the preliminary nature of the plan, it is a little premature for us to get too deep into specific details of the Project,” McKinnon wrote in an email to BusinessDen.
McKinnon is the second owner to explore redevelopment of the site.
Before he purchased it, the property was owned by Greenwood Village-based Cadence Capital Investments. The firm bought the two-story building in September 2020 for $2.6 million and submitted plans to Denver proposing to convert the existing structure into an office building. But no work ultimately took place.
Get more real estate and business news by signing up for our weekly newsletter, On the Block.
Originally Published:
