SANTA FE – Sale of most of the Market Station commercial building in the Santa Fe Railyard is planned to result in bringing a brewing company and a distillery tasting room to the former location of the Flying Star Café, according to city documents.
Also, a local restaurant will move in on the second floor where the building’s former owners once planned a bowling alley and lounge prior to going bankrupt, say the documents.
Rio Rancho-based Bosque Brewing Co. and Santa Fe’s Wayward Sons, LLC, a local small batch gin distillery, plan to share the former Flying Star location. With City Council approval, Wayward Sons would be allowed to offer limited package liquor sales of its craft gin.
The city owns the Railyard and maintains control of the land, and private buildings like Market Station, best known as the location of the REI store, have ground leases. The city bought part of Market Station — one of four units in the building — for office space years ago from the original Market Station developers
Those owners lost control of the building during the bankruptcy and a lender, California-based Thorofare Capital, took over.
The new plans submitted by 500 Market, LLC, which intends to close on purchase of the remaining three units of Market Station on July 1, call for Opuntia Café, which now has a location at the Baca Street end of the Railyard, to move in on the second floor.
Little information about 500 Market LLC is available on corporation documents available on the New Mexico Secretary of State’s website, though the site does indicate the limited liability corporation was registered in February. The documents on the project were released late Friday afternoon as part an agenda packet for a Monday meeting of the Council’s Finance Committee.
A May 23 letter included in the agenda packet, from Jennifer Jenkins of JenkinsGavin, Inc., which manages many local development projects, says other ground level tenants will include “local retailers, a local ice cream shop, and other businesses that bring life to the area.”