A Texas Roadhouse restaurant will rise at the southeast corner of Interstate 25 and U.S. 34 in Johnstown after a $1.925 million sale that closed Friday.
The approximately 8,000-square-foot steakhouse will be built on a 2.326-acre site in the 2534 master-planned community that is anchored by the large Scheels sporting-goods store.
Ryan Schaefer, Jake Hallauer, and Lauren Larsen of NAI Affinity represented the seller, 2534 Development Inc., whose principals are Gary Gerrard and Dale Boehner. Mark Ernster of SullivanHayes Brokerage represented the buyer, Texas Roadhouse Holdings LLC, based in Louisville, Kentucky.
Missouri-born Wayne Kent Taylor, who lived in Louisville, opened the first Texas Roadhouse across the Ohio River in Clarksville, Indiana in 1993 after having worked in nightclubs and restaurants in Colorado. Last year, Texas Roadhouse became the largest casual-dining restaurant chain in the United States, according to data from Technomic, surpassing previous leader Olive Garden.
As of late last year, more than 800 Texas Roadhouse locations operated systemwide, including both company-owned and franchise restaurants. Local locations include restaurants in Brighton, Fort Collins, Greeley and Longmont.
The chain is known for hand-cut steaks, ribs, beer and fragrant hot rolls with honey butter. Customers waiting to be seated can select their own steaks and look into the kitchen, often seeing a worker hand-cut the croutons used for salads. Customer birthdays are celebrated by wait staff who lead a cheer of “Yee-haw!”
The new restaurant in Johnstown will be located next to the future site of a Boondocks Fun Center. Boondocks Entertainment Inc. purchased the 10.07-acre tract directly adjacent to an I-25 off-ramp onto eastbound U.S. 34 for $3.2 million in 2009 and hoped to begin construction in 2010. The Great Recession and other corporate priorities got in the way, but a project manager for Boondocks told BizWest in January that plans were on track again. He said the company hoped to start construction this month and have it completed as early as March 2027.
“We’re pleased to welcome Texas Roadhouse to the Town of Johnstown. This project represents more than just a new restaurant — it reflects thoughtful growth that aligns with our community’s values,” Johnstown mayor Michael Duncan said in a prepared statement. “Texas Roadhouse’s commitment to corporate sustainability, local partnerships and giving back to the communities they serve makes them an excellent fit for Johnstown. We’re excited about the jobs this will create, the added dining options for residents and visitors, and the long-term positive impact this investment will have on our town.”
Gerrard and Boehner of 2534 Development worked with the town to accommodate the entitlement plans of both Texas Roadhouse and Boondocks.
“We see great synergy with Scheels drawing crowds as the anchor, the upcoming Boondocks Fun Center right next door, and numerous other hospitality and retail businesses nearby,” Schaefer said in a news release. “Adding Texas Roadhouse, a terrific operator with the nation’s best sales volume by unit, is yet another excellent addition to the greater I-25 and U.S. 34 area, which, while still growing, is already home to the largest concentration of shopping and dining in Northern Colorado.
“The 542-acre 2534 master-planned community, which broke ground in 2005, is now approaching full buildout,” Schaefer said, “leaving just a few sites remaining, including a three-acre site near I-25, Texas Roadhouse and Boondocks that would be outstanding for many types of retailers, restaurants, and/or hotels.”
This article was first published by BizWest, an independent news organization, and is published under a license agreement. © 2026 BizWest Media LLC.
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