Construction has started on two apartments projects in Denver’s River North neighborhood and is signaling the area is poised for rejuvenation. The two apartment’s complexes are Denargo Market Apartments and Rino Flats. The Austin Texas base Cypress broke ground in November on a 301 unit project at the old Denargo Market just north of downtown Denver. The completion of the project is expected by summer of 2013 which will be first to be built on the 38 acre site. About 650,000 square feet of retail is planned for the project and the property could also include an urban grocery store and hotel. Meanwhile, Prospect is building a 204 unit apartment complex nearby at 3200 Brighton Blvd. which will not include ground-level retail space. Developer Zeppelin is also adding to his Taxi development a 40,000 square foot office building which already 75% leased.
The River North Plan covers an area bounded by Park Avenue West to the southwest, the Burlington Northern and & Santa Fee tracks to the northwest, Interstate 70 on the north, and York Street and the Union Pacific tracks on the northeast.