12 Jul Kris Axtell, CEO of Luna Capital Holdings, Announces Acquisition of 500 Market Street in the Santa Fe Railyard
Investor group spearheaded by Luna Capital Holdings announces major acquisition and tenants in Railyard District: construction begins summer 2019, targeted opening January 2020.
FOR IMMEDIATE RELEASE: July 11, 2019, Santa Fe, New Mexico—Kris Axtell, CEO of Luna Capital Holdings, a Santa Fe-based brokerage firm which specializes in brokering funding for craft beverage clients as well as other niche industries announces it is spearheading the investor group named 500 Market, LLC. The ownership group is comprised of Kris Axtell, managing partner, along with four local investors, including Mike Vigil, owner of MV Industries Real Estate LLC and General Contractor for the project, and Tom Wolinski, founder/owner of Wayward Sons Distillery.
Tenants for the first phase of the project include Bosque Brewing, Wayward Son’s Distillery, Opuntia Café, 10,000sqft of office space, as well as the new headquarters for Luna Capital Holdings. Current tenants REI, Daniella and new comer Puzzah will remain in place. Construction on the project’s tenant spaces is slated to begin Summer 2019 with a projected opening date on January 2020.
“It’s a lot of space to fill with local businesses and a property that needed to be managed by a local group who really gets it,” said Axtell. “We were looking at this as not only a financial investment, but an investment in the community where we live. In all honestly, we were looking to create a place that we wanted to spend our time with friends and family.”
500 Market, LLC has worked closely with the Santa Fe Railyard Community Corporation (SFRCC) in order to honor the importance of the property as an anchor tenant in the Railyard District. With the success of Violet Crown, plans to build out the lots behind Sky Coffee and the fast approaching addition of neighboring New Mexico School for the Arts and Vladem Contemporary, the Railyard area is poised for further development.
“We hope to see an increase of daytime activity with the addition of Opuntia and the new office spaces, with some of the other tenants building onto the already existing weekend and evening options at the Railyard. With this broadening of options, the hope is to keep visitors in the area for more economic growth for this important city center.” says Axtell.
Richard Czoski, Santa Fe Railyard Community Corporation’s Executive Director stated, “We are very optimistic about the future of the Market Station building and look forward to working with the new owners and tenants. With only 2 out of 42 parcels remaining available, development of the entire Railyard is now in the final stages. Revitalization of the Market Station building is an important step towards realizing the vision of the completed, vibrant public/private partnership that is the Railyard.”
Axtell adds that it’s been a pleasure to work with SFRCC throughout the process: “We believe our goals are aligned with those of SFRCC in making this project one that supports the ultimate vision for the Railyard. Sticking to a master plan like the one set forth by the City can be difficult for a developer, but we believe it has created an environment for success that we are beginning to recognize.”
That promise of success and growth is what originally drew key investor and anchor tenant Tom Wolinski to the project. “The idea of working with the Farmer’s Market, and using botanicals from individual growers in Wayward’s production, was extremely attractive. Getting to work side by side with the other businesses in the building has become an added bonus as the project evolves. Opuntia and Bosque Brewing, along with Wayward Sons, makes for one heck of a collaboration at the Railyard.” Wolinski’s distillery, Wayward Sons, will occupy the Market Street-facing portion of the Old Flying Star space with an attached package liquor store just approved by the City of Santa Fe.
Albuquerque-based Bosque Brewing Co. will make its Santa Fe debut in the back half of the Flying Star space, facing Violet Crown. Opuntia Café will relocate from its current location in the Baca Railyard to a larger space on the second floor of the North Railyard building with views overlooking the Railyard and Sangre De Cristo mountains. Proposed roll-up doors and street-side seating will bring some much-needed liveliness to the current building and will allow patrons to take in events such as the already established Summer Concert Series and the thriving Santa Fe Farmers Market.
For more information regarding this project, to schedule an interview with Kris Axtell or photography needs please contact: Tiphini Axtell, PR, Luna Capital Holdings firstname.lastname@example.org or 505 819-9269.
About Luna Capital: Founded in Santa Fe, New Mexico in 2013, Luna Capital is a proactive and transparent commercial lending advisor providing capital resources and real estate expertise to businesses in the Southwest and nationally. Through careful analysis and planning, Luna becomes an invested long-term partner for their clients, engaging the business on every financial detail by building out customized plans that are then carefully overseen and guided. Luna is an exceptional creative force in an industry not known as such. Their thorough process and relationships with banks, SBA programs, private lenders, private equity and individual sponsors elevates their loan approval rate to nearly 100%. CEO Kris Axtell founded the company after a decade in the banking industry. For more information about the Luna Capital team and services, visit: www.luna.capital.
About the Santa Fe Railyard Community Corporation: The Santa Fe Railyard Community Corporation (SFRCC), a private non-profit corporation, is responsible for the construction, public use management, leasing and property management of the revitalized Railyard, pursuant to a Lease and Management agreement with the City of Santa Fe. For more information, please refer to our website, www.sfrailyardcc.org for real estate and business-related matters and www.railyardsantafe.com for information on events, transportation connections and a full tenant directory for the Railyard.
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About Luna Capital: Founded in Santa Fe, New Mexico in 2013, Luna Capital is a proactive and transparent commercial lending advisor providing capital resources and real estate expertise to businesses in the Southwest and nationally. Through careful analysis and planning, Luna becomes an invested long-term partner for their clients, engaging the business on every financial detail by building out customized plans that are then carefully overseen and guided. Luna is an exceptional creative force in an industry not known as such. Their thorough process and relationships with banks, SBA programs, private lenders, private equity and individual sponsors elevates their loan approval rate to nearly 100%. CEO Kris Axtell founded the company after a decade in the banking industry. He was joined by COO and Managing Member Brandon Fitzpatrick, an MAI trained appraiser and qualifying broker, in 2016. For more information about the Luna Capital team and services, visit: www.luna.capital.