Northglenn City Council unanimously approved a resolution to provide an incentive of up to $500,000 for rooftop restaurant uses for the Webster Lake …
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Northglenn City Council unanimously approved a resolution to provide an incentive of up to $500,000 for rooftop restaurant uses for the Webster Lake Promenade development.
The incentives would be for two rooftop restaurants, not to exceed $250,000 per use, for tap fees. The approval came during council’s Oct. 14 regular meeting.
Webster Lake Promenade is a 10-acre commercial development at 120th Avenue and Grant Street.
One of the development’s tenants, Bad Daddy’s Burger Bar, is interested in a rooftop restaurant. The second rooftop restaurant has not been secured yet.
Webster Lake Promenade will house about 47,000 square feet of restaurant, retail and other commercial space with seven buildings. The site is being developed by Hawkins, which acquired the property from the city and NURA in early July.
The other tenants who have signed leases at the Promenade include: Longhorn Steakhouse, Sleep Number by Select Comfort, Pacific Dental Services, Taziki’s Mediterranean Café, Café Rio Mexican Grill, Jamba Juice, Panera Bread, Jim `N Nick’s Bar-B-Q and Jimmy John’s.
The majority of the tenants should be open by mid-summer with full construction built out in 18 months, according to Debbie Tuttle, economic development manager for the city of Northglenn. Officials celebrated a groundbreaking on July 29.
Tuttle said that almost 300,000 people live within five miles of the location, and between 120th Avenue and Interstate 25, almost 210,000 cars pass by each day. The project will bring in approximately $13 million in capital investments and 200 new jobs, according to Hawkins Development.
The city and the Northglenn Urban Renewal Authority began assembling the 11 acres on 120th and Grant more than 10 years ago. A Days Inn and other businesses were demolished to prepare the site for development.
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