After 20 years in Larimer Square, Ted’s Montana Grill has closed its saloon doors.
Kristie Mansur, the director of operations at Ted’s Montana Grill in Larimer Square, said the Ohio-based chain was not able to reach an extended lease agreement with its landlord, North Carolina-based Asana Partners, which purchased the Denver landmark property for $92.49 million in 2020.
“We were looking for a long-term lease at a rent that we felt was fair, and they were not able to offer that to us,” Mansur said. “That was a flagship location for us, so it was with very heavy hearts that we had to make this decision.”
Ted’s Montana Grill, which opened at 1401 Larimer St. in 2003, had its last day of service on May 15.
“The building was very authentic to our brand. It actually was a turn-of-the-century saloon, and our restaurants are fashioned out of Montana, turn-of-the-century saloons,” Mansur said. We would have loved to continue to operate on Larimer Square.”
Ted’s Montana Grill, which was founded by billionaire Ted Turner and Longhorn Steakhouse founder George McKerrow Jr., still has six other locations in Aurora, Colorado Springs, Greenwood Village, Lakewood, Littleton and Westminster.
The 20-year-old restaurant isn’t the only longtime business to shutter its doors in Larimer Square since Asana Partners took over. Frank Bonanno’s Green Russell and Russell’s Smokehouse, previously at 1422 Larimer St., closed after 12 years on New Year’s Eve in wake of Asana Partners’ renovations to Larimer Square, and Bistro Vendome moved to a new Park Hill location for the same reason.