Mixed-Use Development Ready for Take Off in Denver’s RiNo
A new mixed-use development in Denver’s trendy River North (RiNo) neighborhood is now closer to fruition.
By Ioana Neamt, Associate Editor
Rendering of 35th and Larimer – Denver
Working on behalf of borrower Littleton Capital Partners, HFF has secured $9.5 million in financing for the development of 35th and Larimer, less than one mile away from downtown Denver. An HFF team led by Managing Director Josh Simon and Associate Director Leon McBroom placed the three-year, floating-rate construction loan with a regional bank.
Designed by Humphries Poli Architects and developed by Littleton Capital Partners, the project is scheduled for completion in June 2016, and will feature a mix of residential and retail space on a historically industrial block. Drahota – A Bryan Construction company serves as general contractor.
“The flourishing arts community in the RiNo district has been conscientious about acknowledging the area’s industrial roots, even as it’s been transitioning to a cultural center,” Drahota President Terry Drahota said in a statement. “This project respects that notion and we will be offering living and working space to a growing population.”
The mixed-use development at 35th and Larimer will incorporate 66 studio, one- and two-bedroom residential units and 10,800 square feet of ground floor retail. Featuring two street-level courtyards, rooftop deck, and secured parking, the project will also incorporate in its design elements of the warehouses and shipping containers that once defined the River North area.
Rendering courtesy of Humphries Poli Architects
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