Residences at RiNo Breaks Ground
Construction of the Residences at RiNo is now underway within North Wynkoop’s 1.25 million-square-foot mixed-use development. The 11-story, mid-rise residential building will provide 397 units to the RiNo neighborhood, ranging between 542 and 1,715 square feet.
Hines and investment partner Cresset-Diversified QOZ Fund have partnered on the project, marking their fourth joint venture as well as representing over $750 million in opportunity zone developments around the country. The project team includes Zeigler Cooper Architects, Parisa O’Connell Interior Design, Design Workshop and Modern Constructors.
“The Residences at RiNo multifamily project is the sixth development to break ground in the Cresset Diversified QOZ Fund, which is among the largest to deploy capital into opportunity zones, and our partnership with Hines has been instrumental in giving our investors the chance to invest in top QOZs at institutional grade quality,” said Avy Stein, Cresset founder and co-chairman. “This project’s positioning in the River North neighborhood of Denver, which is set to see an influx of growth, provides a one-of-a kind exclusive opportunity for our investors.”
The property will also include a swimming pool, fitness center, coworking space and 14,500 square feet of ground-floor retail space.
Rendering courtesy of Zeigler Cooper Architects