The property at 7979 E. Arapahoe Road that was the longtime home of Macaroni Grill before it closed earlier this year has been sold and is planned to be rebuilt with a new Shake Shack on it.
VRE Greenwood Village of South Lake, Texas, which is part of Verdad Real Estate, a commercial developer that locates and acquires commercial properties, and does construction management, recently purchased the 1.865-acre site for $3.2 million. Right after that, the former owner, 7979 Mac LLC was voluntary dissolved by its registered agent. Verdad has offices in Colorado, New Orleans, and Texas.
Preliminary documents have been submitted to Greenwood Village in connection with a plan to subdivide the property to accommodate another retail establishment in addition to the Shake Shack. The property as it is currently configured includes 131 parking stalls.
Shake Shack was started as a hot dog stand in 2001 by celebrity chef Danny Meyer in New York. Its first location outside New York was in Miami in 2010. Today, Shake Shack has 275 locations around the world serving burgers, chicken, frozen custard, and even beer and wine, along with its well-known “flattop hot dogs.” They offer gluten-free buns and even biscuits and custard just for man’s best friend. The company employs over 6,000 people.
There are Shake Shacks in Highlands Ranch, RiNo, at 260 Josephine Street in Cherry Creek, and as of December 19, at 5507 W. 20th Avenue in Edgewater. The GV restaurant will be in the city’s Arapahoe Entertainment District (AED), thus eligible for sales tax rebates from the city during its first five years of operation as long as those five years end by late 2027, when the AED tax rebate program expires.
BY FREDA MIKLIN GOVERNMENTAL REPORTER.