Houston-based Transwestern Development Company (TDC®) has acquired 0.8 acres at 3712–3740 N. Downing St. in RiNo with plans to develop a Class A multifamily mid-rise project. The site is 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.
Image courtesy of TDC
