“A rift is brewing between Black-owned businesses in Five Points and a private investment firm focused on reviving the rapidly gentrifying neighborhood. State of play: Matthew Burkett — who runs Denver-based investment firm FlyFisher Group — filed a lawsuit against the owner of Coffee at the Point for allegedly failing to transfer the assets … [Read more…]
“When Matthew Burkett returned to his home state of Colorado in 1996, after spending two years as a lobbyist in Washington, D.C., he encountered a job market that seemed to have no place for someone with his work experience and degrees in creative writing and English. So he created a job for himself, maintaining … [Read more…]
“U.S. prosecutors and Internal Revenue Service agents spent four years piercing the veil of secrecy that billionaire money manager Robert F. Smith wove to hide more than $200 million in income. Last year, according to people familiar with the matter, a team led by the Justice Department’s top tax prosecutor argued to then-Attorney General … [Read more…]
“At the beginning of the pandemic, there was widespread speculation around how this public health crisis would affect different commercial real estate sectors. Now several months in, it has become unmistakably clear the disproportionate impact the pandemic has had on the retail and hospitality industries. Once-bustling gathering places, many restaurants, in particular, have been … [Read more…]
“here must be something special about a restaurant named Mimosas to have a massively successful opening month without being able to serve liquor (while in the middle of a pandemic nonetheless). Even though the spot could easily survive on the strength of its food alone, fortunately, hooch is set to join the roster in … [Read more…]
“A new brunch destination has just started serving in Five Points. Mimosas chef Daniel Young (known as Chef D in the neighborhood) is churning out marmalade French toast, shrimp and grits and smothered breakfast sandwiches on Welton Street. The daytime spot also serves bellinis, piña coladas and the namesake mimosas alongside its meals.” mimosasdenver.com … [Read more…]
“Five Points breakfast restaurant opens Mimosas, a new breakfast concept that is part of The Flyfisher Group’s multi-pronged investment in Five Points food and beverage companies, officially opened last week at 2752 Welton St. Seeking to offer both affordability and gourmet food, the restaurant will open for dine-in and patio service from 7 a.m. … [Read more…]
“Denver-born billionaire and philanthropist Robert F. Smith is under criminal investigation for potential tax crimes, according to reporting by Bloomberg. In a story published Friday, Bloomberg reporters detailed a U.S. Department of Justice investigation into whether or not Smith paid U.S. taxes on about $200 million in assets moved through financial structures based in … [Read more…]
“A private investment firm that has invested in the Five Points neighborhood for more than 20 years is turning its attention to restaurants — and its initial moves involve launching two new restaurants. The FlyFisher Group, founded by Matthew Burkett, recently launched a food and beverage group to invest in existing and new restaurants … [Read more…]
“Craft breweries are one of Denver’s signature industries, but for many people, they also are also a symbol of gentrification — of mostly white-owned companies moving into lower-income neighborhoods and pushing out the businesses or residents who were already there. Taylor Rees was acutely aware of that when he and two partners opened Spangalang … [Read more…]