![Edens closes RiNo land deal; sets stage for residential redevelopment 1 Edens buys RiNo land for project in Denver](https://staging.businessden.com/wp-content/uploads/2022/06/Edens-300x165.png)
Construction of 85,000 square feet of retail topped with about 380 units in five- to seven-story buildings could start in the spring.
Construction of 85,000 square feet of retail topped with about 380 units in five- to seven-story buildings could start in the spring.
Glendale-based Corum Real Estate Group plans to build two three-story apartment buildings with 185 units between them.
“I don’t want to break records in the Tech Center,” said the buyer of Stanford Place III, which is about 70 percent leased. “What I want is to add tenants.”
The seven-story building will be the corridor’s third hotel, joining The Source Hotel that opened in 2018 and the nearly completed Vib hotel.
Mainspring is just the third owner since it was built in 1928. The seller, nonprofit Women’s Bean Project, is moving to 1300 W. Alameda Ave.
Denver-based Focus Property Group, which developed an adjacent hotel, has owned the property for more than a decade.
Travis McAfoos, co-owner of Alchemy coworking, and Nava Real Estate Development are planning a five-story building with 150 units.
The 0.57-acre lot with about 18,000 square feet of building space on it at 3001 Walnut St. last sold in 2014 for $3 million.
The Denver firm has had its office at 1125 17th St. since 1979, when the company finished developing the 25-story office tower.
Development is a family business for Brent Farber, who runs Elevation, and his uncle Rick Sapkin, who founded Edgemark.
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