Spanos Targets Restaurant Site for 250-Plus Units

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DENVER-Stockton, CA-based A.G. Spanos Cos., headed by Alex Spanos, has placed the closed Baby Doe’s Matchless Mine restaurant and the adjoining Chili Pepper restaurants in northwest Denver under contract. Spanos hopes to tear down both restaurants and build about 250 to 300 class-A multifamily units on the property, which is about two blocks from Invesco Field at Mile High, where the Denver Broncos play.

Spanos hired Bruce O’Donnell, principal of locally based Starboard Realty Group, to represent the company for his proposed project. O’Donnell notes it is too early to have cost estimates or drawings for the four-story development. However, local experts estimate the value of the development at about $45 million.