Indian restaurateurs buy former Steuben’s property in Arvada
JudahN_Admin
Posted On March 7, 2024
Three is the magic quantity for Kal Pant.
Pant and fellow co-owners of Spice Room final month bought an Arvada property that can grow to be the Indian restaurant’s third location.
“Any individual informed me a very long time in the past don’t do greater than three, three is right,” Pant stated. “That caught with me.”
Pant — together with government chef Ashok Joshi, chef Chhabi Pokharel and supervisor Raj Nyaupane — paid $2.09 million for the 5,725-square-foot constructing at 7355 Ralston Street in Arvada.
The constructing was beforehand house to Steuben’s, which closed in 2021 after 5 years however nonetheless operates in Denver’s Uptown neighborhood. Josh Wolkon of the Secret Sauce restaurant group purchased the property in 2015 for $1.4 million.
Whereas he’s been on the lookout for his fortunate third location since 2021, Pant stated he wasn’t initially fascinated about Arvada. In truth, when NAI Shames Makovsky’s Levi Noe, his actual property dealer, informed him the house was obtainable, he wasn’t certain it was the best match.
Pant stated Wolkon was initially making an attempt to lease the house out however, crucially, agreed to promote it to Pant.
“If I’m going to throw cash, I’d fairly throw it so it comes again to me,” Pant stated. “I’m simply making someone else wealthy. So I stated to any extent further we’re going to purchase each considered one of them.”
Pant leases the unique Spice Room house in Berkeley at 3157 W. thirty eighth Ave., however purchased the true property at 3100 E. Colfax Ave. in 2022 for his second location.
He nonetheless has seven years left on his lease on the Berkeley spot. When that’s up, he stated, he’ll purchase that house or a brand new one close by as a result of he likes having a presence within the neighborhood.
“It’s a straight line – Colfax to thirty eighth to Arvada,” he stated.
Pant stated he anticipates opening the Arvada restaurant within the subsequent month or two. He’s investing $200,000 of Spice Room income into minor beauty modifications and updates. The brand new location can be much like the opposite two, however Pant stated he plans on including extra South Indian meals to the menu.
Earlier than opening Spice Room in 2018, Pant stated he labored in computer systems after which ventured into the restaurant business. For 15 years he labored at locations similar to TGI Fridays and Applebee’s earlier than touchdown a supervisor place at an Indian restaurant the place he fell in love with the delicacies.
“There’s so many variations of meals you will discover in Indian meals,” he stated. “Curiosity received me studying increasingly in regards to the historical past, what I appreciated consuming.”
Pant began mixing spices collectively, creating menus based mostly on what he appreciated to eat and determined to take an opportunity and open his personal restaurant. To at the present time, Pant nonetheless buys uncooked spice components from India and mixes them himself within the East Colfax kitchen.
“Why don’t I do that for myself?” Pant stated he requested himself. “I might help myself as a substitute of dwelling paycheck to paycheck. We’re going to must scrape by it. And we began with thirty eighth and the arduous work is paying off, little by little.”
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This story was reported by our accomplice BusinessDen.
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