Cleaning up the aisle Brighton.
Demolition is underway on a large warehouse building at 2900 Brighton Blvd. In Rino, the resulting pile of rubble spans a full block.
A large apartment complex is part of what will eventually replace it, development plans indicate.
The property, directly from the industry Denver coworking location, has been owned by Santa Monica, Calif.-based Mass Equity and AECOM Capital since 2017. He paid $38 million for 2900 and 3060 Brighton Blvd that year. Parcel – About 8 acres in total.
Both firms renovated the existing building at 3060 Brighton Blvd. and VF Corp. Co landed as a tenant earlier this year before selling that property for $37.6 million.
2900 Brighton Blvd. As per property records, the parcel had a building of 93,736 square feet before demolition. It is zoned for up to eight stories.
Houston-based developer Hanover Company is looking to build an apartment complex on part of the site. The latest version of the company’s site development plan, submitted to the city in August, calls for a seven-story, 390-unit complex. It will have approximately 8,600 square feet of retail space and 530 parking spaces, as the plans show.
The campus will be built on 3.3 acres as per the plan, leaving space for additional development on the parcel.
Mass Equities principal Brian Baer told BusinessDen in an email Monday that the company is still evaluating options for the northern portion of the parcel.
Hanover did not respond to Monday’s request for comment. The company does not currently own any premises in Colorado according to its website, but has previously grown here. Its projects include Acoma at 816 Acoma St. in the Golden Triangle, completed in the late 2000s.
And Rino isn’t the only local neighborhood of interest to Hanover. The company paid $9.5 million in late December for a 2.47-acre site at the corner of Jewel Avenue and Acoma Street in Overland. Records show the city has approved development plans for a five-story, 278-unit apartment complex.