SHIRAZ WINE is planning to invest $5 million in its new Colorado Avalanche facility and hire a new director to oversee the business as it prepares to open its new facility in 2017, the company announced Wednesday.
Shiraz Wine will have a 10,000-square-foot tasting room, a new distribution and distribution center, a brewery and winery, a winery tasting room and a restaurant, said Mark Fenton, president and CEO of Shiras.
The new facility will serve as the company’s home and office, and will have the capacity to produce 1 million barrels of wine annually, according to a press release.
Shirer-Miller will remain in Colorado, but will also operate in New Mexico and California.
The company is one of three wine producers that have signed contracts to open a facility in Colorado.
Fenton said the Shirer Miller facility is the first of its kind in the United States.
It will be one of five wineries and a bottling facility, and it will feature a tasting room with a large display of wine, said Fenton.
The new winery will also have a tasting kitchen, wine cellar, and a full bar and restaurant, Fenton said.
Feat of a new wine producerThe Shiref Miller facility will be the largest winery in the U.S., Fenton noted.
It has more than a million barrels, making it one of the largest wine producers in the country.
The company’s winery and bottling facilities will be in the Denver metro area, with a location in a new development at 916 W. Colorado Ave.
The Colorado Springs-based company plans to open at the end of the year.
Shirers wine business is growing rapidly, and is expected to reach $8 million in revenue in 2017 and $10 million in 2018, Founton said.
Shires winery opened in 2008.
The wine business has grown in recent years as it expanded to produce wine for restaurants and other food outlets, according a company statement.
The winery also is the largest single producer of wine in the nation.
Founton noted that the Colorado Avalanche organization will have an ownership stake in Shirere’s new wine business.
The Avalanche franchise has been in the business since the 1970s, and Shireres history is the business has thrived in the market, he said.
“Shirere has done a lot to continue the success of this brand in the Colorado market and continues to do so in the rest of the country,” Fenton told NHL.com.
“The business will be very, very successful.
I think it will be a great addition to the organization.”
Shireres winery is owned by Shirem Miller, who bought the business in 2007 from former owners Dan and Karen Shirerer.
Dan Shireer is the son of former Avalanche general manager Rick Shire.
Rick Shire has been a successful businessman in his life, Fonte said, and he is committed to bringing this business to the market and helping bring it to a new audience.
Shiros wine company, which has operations in New York and South Korea, announced in April it was opening a new facility.
Shiros wine brand has won awards in recent seasons, including best domestic wine from the New York State Wine Commission.
Shiros is the fourth winery owned by Fonte in his lifetime, with two others in Colorado and New Mexico.