Plans have been announced to turn a popular downtown Denver eatery into a new bank outlet.
Located at 740 W. Colfax Avenue, the Denver Diner has been a restaurant mainstay in the city for more than 30 years.
Earlier this year the diner’s owners, in a one-story story glass-wall structure built in the late 1960s and sitting on a 16,000-square-foot lot, announced it was closing its doors due to a decline in business partly attributable to the Covid-19 outbreak.
Now the 3,600 square foot building has been sold for just under $4.9 million to New York-based JP Morgan Chase, which has, in turn, announced plans to reconfigure the space into a bank branch.
Work on the structure, whose floor to ceiling windows in recent months have been boarded up, is expected to begin by no later than early next year, with a completion date of late 2022.
Earlier this year, Chase announced plans to open some 400 new branches nationally by the fourth quarter of next year. Those new outlets are either newly built or the result of an existing building reconversion.
By Garry Boulard
