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RiNo office construction pause ends as work begins on 12-story project


RiNo office construction pause ends as work begins on 12-story project
Thomas Gounley photo)
The pandemic-induced pause in RiNo office project groundbreakings has ended.
Bellevue, Washington-based Schnitzer West has begun work on The Current, River North a 12-story office building a block off Brighton Boulevard at 3615 Delgany St.
The project is expected to be completed in the first quarter of 2023, according to its website.
Crews are active at the site, and city records show that a building permit was issued last Monday, authorizing construction of the building’s foundation. Schnitzer West and Denver-based Craft Companies purchased the 0.79-acre development site in early 2019 for $6.17 million. ....

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Apartment developer pays $24M for site of planned 483-unit RiNo complex


Apartment developer pays $24M for site of planned 483-unit RiNo complex
Courtesy of Crescent Communities)
A new-to-Denver multifamily developer has acquired land for its first project in the city.
Charlotte-based Crescent Communities and equity partner Dart Interests paid $23.7 million this week for 1300 40th St.
The lot is 117,486 square feet, or 2.7 acres. That makes the deal worth $202 a square foot.
BusinessDen reported in June 2019 that Crescent had submitted a development proposal for the site, which is home to a large industrial building previously leased to New Tech Machinery.
That structure will soon be demolished. Crescent said in a statement that it will break ground this month on its planned 483-unit Novel RiNo apartment complex, which will include a mix of studios and one- and two-bedroom units. Plans call for 15,800 square feet of retail space, including 2,700 square feet intended for a rooftop cocktail lounge. ....

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