Louisville investors purchase Blue Parrot property for $2.57M

Two Louisville residents have paid $2.57 million for the iconic Blue Parrot restaurant property and its fixtures along the city's popular Main Street.The 98-year-old Italian cuisine restaurant closed its doors last month.1882 Ventures LLC, acquired the Blue...

Louisville investors purchase Blue Parrot property for $2.57M

Two Louisville residents have paid $2.57 million for the iconic Blue Parrot restaurant property and its fixtures along the city's popular Main Street.

The 98-year-old Italian cuisine restaurant closed its doors last month.

1882 Ventures LLC, acquired the Blue Parrot property at 640 Main St. on Tuesday, paying $2.42 million for the real estate and another $150,000 for the fixtures, according to city documents.

The property was owned by Blue Parrot Inc., whose registered agent is Joan Colacci Riggins, according to the Colorado Secretary of State's office.

The purchase included two parking lots to the east of the building. Two separate parking lots to the south had previously been acquired by the city of Louisville in mid-2016.

Greg Maring and Mark Oberholzer of 1882 Ventures acquired the property earlier this week and could divide the building into potentially three or four restaurant or retail spaces. 1882 Ventures is based in Superior, according to the Colorado Secretary of State's office.

"Right now we are talking to a bunch of different people," Oberholzer said of which restaurants or shops are planned for the building. "In general, what we're trying to do with the space is have two or three businesses that will work really well together, not just a restaurant that will pay us the highest rent.

"We both live in this town and want to make sure the businesses all complement each other," he added.

The company's Facebook page and website feature a survey asking residents what types of businesses they would like to see

Though the two have yet to decide on which businesses will fill the space, the once-defunct Tilt — an arcade bar that shut down in downtown Louisville late last summer — will occupy half of the building's basement.

The Tilt arcade operated on Front Street and included games, pool, table tennis and pinball before its closure last year.

Though the Blue Parrot building will continue under a new name, the owners hope to carry on the previous owner's legacy through different facets.

"It may range from lots of things," Oberholzer said. "We may put some of the history of the building on the menu or some replicas of some of the old photos and stories on the wall."

This story will be updated.

Anthony Hahn: 303-473-1422, hahna@dailycamera.com or twitter.com/_anthonyhahn

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