Boulder’s Fate Brewing lands investment, nears opening

Weeks away from opening its doors Fate Brewing Co. — a new brewery and restaurant slated to open in the east Boulder space that once was long home to Jose Muldoon’s — recently completed a $900,000 investment round, Securities and Exchange Commission documents show.

Fate Brewing rendering

Fate Brewing (rendering courtesy Fate Brewing Co.)

Fate Restaurants LLC initiated the funding round in May 2012 and had raised $705,000 toward the $900,000 by September. Late last week, Fate Brewing officials notified the SEC they raised the remaining $195,000.

The latest investment came through as workers are nearing the restaurant and brewery for an expected late-January opening. The extensive remodel and acquisition of a new brewhouse took “quite a bit of investment,” said Mike Lawinski, founder of Fate Brewing.

His hope with that renovation? To make sure that the space at 1600 38th St. does not resemble its long past as a Mexican restaurant.

“We wanted to really take a giant eraser to it,” he said.

When finished, the restaurant is expected to seat 200 inside and have the potential to nearly double that when the patio is open. Fate Brewing also will have a 25-seat bar and 30 draft lines for about a dozen of Fate’s beers and several other craft beers, he said.

Fate Brewing’s arrival comes amid a regional and national craft brewery boom.

During the past year, breweries including Big Choice Brewing, Bootstrap Brewing, BRU Boulder, Echo Brewing, Gravity Brewing, J Wells Brewery, Shine, West Flanders and Wild Woods have opened in Boulder and Broomfield counties. Others such as Avery, Oskar Blues and Upslope have moved forward on opening new breweries.

Several more — including Sanitas Brewing, which plans to open a couple blocks from Fate Brewing — could open their doors this year.

Calling Boulder a “beer happy town,” Lawinski said he believes the breweries not only could carve out their own niches, but also help the local industry.

Fate Brewing’s considerably sized restaurant and beer bar approach could help lure more patrons to east Boulder breweries, he said.

“I really think the diversity we have in this (business) plan will attract a lot of people,” he said. “We live with the philosophy that the more people we can bring to the area, the better it will be for all of us.”

 

BOULDER-AREA CRAFT BREWERS

About Alicia Wallace

Alicia Wallace is the business reporter for the Boulder Daily Camera.
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18 Responses to Boulder’s Fate Brewing lands investment, nears opening

  1. Hi Alicia, I appreciate your writing. I'd like to share. Have Patience by seeing a return on a land investment can take a long time. Property values increase and decrease over time, and it may be awhile before you are able to sell your property at a profit if you do not intend to develop it. Expect to hold a piece of land for at least five years before selling it. When you buy land, figure holding costs such as taxes and property maintenance into your budget. thanks!~ Rachel C.

  2. PREMIER HOME says:

    Alicia your piece of writing is too good and appreciable but one thing, patience is really very good strategy for such kind of job…. All the best. :)

  3. ..Great Article! Most of these seem pretty easy to do, and give me a good idea where to focus my efforts. I think my house will need new fixtures and going to give the floors a good steam clean…

  4. darren says:

    Land investment is common nowadays rather than investing in gold. No doubt the valuable land gets increasing day by day and it’s a sure shot that they will gain some interest whenever they sell their piece of land. Also the real estate mafia has almost bought up all the available areas.
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  7. This probably be the best investment so far. I guess everything seems to be doing so fine these days. I like it then.

  8. saree blouse says:

    They can do large investments as they have banks who won't deny them loans or mortgages. Nice to know about their rest..

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  11. Congratulations to the opening of Fate Brewing Co. I hope the business will turn great as the months goes by.

  12. A precise fantastic blog enter. We are indeed indebted for your blog notify. You bequeath spot a many of approaches past visiting your notify. I was quite searching for.

  13. I am against the opening of a new brewery, factory, restaurant. I'm against beer. I know that women screaming beer syndrome causes the uterus, and impotence in men. This is very scary, in this I would not advise anyone to drink beer in principle.

  14. phd thesis says:

    Decent price was raised for such a period! Pretty lucrative this restaurant!

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  16. This brewery can be proud of its unique history! Well, the beer, of course)

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