Denver – Transwestern Development Company (TDC®) announces it has acquired 0.8 acres at 3712 – 3740 N. Downing St. in Denver's popular River North Arts District (RiNo) with plans to develop a Class A multifamily midrise project. The site was a four-parcel assemblage at the intersection of Downing and Walnut Streets. TDC will construct a nine-story building with 200 units. The firm is advancing design with a groundbreaking targeted for mid-2021.
"As one of the nation's most sought-after submarkets, RiNo represents an ideal neighborhood for Class A multifamily development," said Brendan O'Leary, Partner at TDC. "This site is in the midst of a cluster of new mixed-use development, and RiNo has emerged as the most dynamic neighborhood in Denver due to its authentic character and unique bar and restaurant scene."
The property sits just two blocks from the 38th and Blake light rail station, providing one-stop access to Union Station and a direct line to the airport.
About Transwestern Development Company
Transwestern Development Company (TDC®) creates real estate landmarks for itself, its partners and valued customers throughout the United States. Part of the Transwestern companies, the diversified business develops logistics, multifamily, office, mixed-use and healthcare properties, with a pipeline of projects in process or completed since 2012 exceeding $5.6 billion.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. An integrated approach formed from fresh ideas drives value for clients across commercial real estate services, development, investment management and opportunistic programs for high-net-worth investors. The firm operates through 34 U.S. offices and global alliances with BNP Paribas Real Estate and Devencore. Learn more at transwestern.com and @Transwestern.
Media Contact:
Stefanie Lewis
713.272.1266
stefanie.lewis@transwestern.com
twmediarelations@transwestern.com
