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Rising rents forcing popular Denver eatery Colt & Gray to shut its doors after a decade in business

Colt & Gray closing doors end of December
Posted at 10:11 PM, Dec 08, 2019
and last updated 2019-12-09 00:27:08-05

DENVER — Along Platte Street, there is no shortage of open retail spots and people going about their day.

Many of them walk by Colt & Gray, a restaurant that, after 10 years in business, will be closing its doors.

General manager of the restaurant, Adam Condit, said he has seen the restaurant flourish and expand the same way the city outside their doors have.

"I've just always felt like this place was custom made for me," Condit said.

Last week, they announced they would be closing on December 21, after they said their rent prices skyrocketed.

"We understand growth. We understand inflation — 10 percent, 20 percent, even," Condit said.

Condit said a new deal would have doubled their rent price.

Other factors, such as construction over the years and the removal of their parking lot, also took a chunk out of their business.

"When you have to step back and look completely logically at something that you have such feelings for, you have to take all your emotions out, and this place was everything to me," he said.

On December 21, they will host their annual Drink the Bar Dry celebration and at the end of the night, will close out a decade of memories.