Asian and fast-food eateries are potential options. When fully renovated, Kirkland plans to use the extra space for restaurants and entertainment. “At that point, I think we just said, listen, there’s probably a better use of time and energy.” A budget of $13-15 million ballooned to $20 million. “The project just became sort of bigger than I think we intended,” Kirkland said. There was an opportunity for us to grow,” Kirkland said.īuying and renovating the new space made more sense than returning Club One to its downtown location at Van Ness and Tulare or purchasing the old Gottschalks building on Fulton Street - which Kirkland considered at one point. It was an area that suffered neglect and I thought we could bring a lot of activity and vibrancy to it.

The company has an option to purchase adjacent land, he said. Kirkland said private capital is helping fund the venture, although he would not offer specifics. Kirkland says the card room can move into a 13,000 square-foot space weeks after city approval. In the meantime, it will lease the property as it renovates - adding another $8 million into the complex.

Purchasing a New BuildingĬlub One is in the process of buying the entire 30,000 square-foot former nightclub property at Granite Park for $4 million from Omni Financial, LLC, a real-estate brokerage firm. We couldn’t capture and do some of the things other folks had done to mitigate the issue,” Kirkland said of the Club One hardships. Where we’re located, downtown, we couldn’t move outside. “Unlike other businesses that could continue to operate, we went to zero.

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