BrokerageDevelopmentTransit

San Fran Developer Purchases Two RiNo Parking Lots for $36.2M

View here

Carmel Partners has paid $36.19 million for two parking lots adjacent to PepsiCo’s bottling plant, according to property records. 3800 N. Brighton Blvd. sold for $16.41 million and 3900 N. Brighton Blvd. sold for $19.78 million.

The San Fransisco developer will likely build a multifamily property and hopes to be able to announce more specific plans by the end of the year.

Carmel was reportedly attracted to the transit-oriented location in RiNo and the incentive zoning up to 16 stories.

CBRE represented Pepsi in the deal. Carmel Partners was unrepresented.

Map courtesy of Google

Previous post

Colorado Rockies’ McGregor Square development wins 2019 Gold Nugget Awards

Next post

Colorado Springs Apartment Community Sells for $17.25M

No Comment

Leave a reply

Your email address will not be published. Required fields are marked *