Monday, October 3, 2022

A local development company acquired the Highland Theater built in 1926 for US$5.1 million

The original Highland Holiday Theater has a new owner.

According to public records, Denver-based Continuum Partners, as the Denver Cultural Property Trust, purchased the property located at 2644 W. 32nd Ave. at a price of US$5.1 million at the end of August.

A representative of Continuum stated that the company plans to share more details about the use of the building in the near future.

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The Holiday Theater at 2644 W. 32nd Ave. can accommodate 400 people and was previously the seat of the church.

The Highland Church has been using the 400-seat theater since 2012, but moved into a larger shelter in Pratt Park in early 2020. The founder of the church, Pastor Mark Tied, and co-pastoral Jenny Morgan, who jointly owns the building with his spouse, listed it as $5.5 million in November last year. Records show that they paid US$2.4 million for this in 2012.

In addition to the theater, the building also includes 15 residential units and two retail spaces, all rented out.

Tidd previously told BusinessDen that the apartment building was built in 1914 and that the theater was added as an Egyptian theater in 1926 as part of a wave of Egyptian-themed companies after the discovery of King Tutankhamun’s tomb in 1922.

In the 1960s and 70s, it was one of the few theaters that showed Spanish films. Before it closed in the 1980s, it eventually became part of the Atlas Theatre Co. chain and became the Holiday Theatre. The name still exists in the big tent where it still exists.

Paul Tamburello of Denver-based Generator Real Estate is also the founder of Little Man Ice Cream and is responsible for marketing the property.

Continuum is known for large-scale redevelopment projects, including Hale’s 9th and Colorado/9+CO and LoDo’s Market Station. Moving forward, the company played a role in the redevelopment of Union Station and developed the recently sold Lakewood retail complex Belmar.

Nation World News Desk
Nation World News Desk
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