A mixed-use housing development has been proposed for a vacant dirt lot in Denver’s River North Art District. The plans were submitted to the city earlier this month by Kimley-Horn, a nationwide planning and design consulting firm.
The project, known as Alexan RiNo, is planned to be developed into a 7-story and a 4-story mixed-use residential building, with one side of the complex taller than the other, containing approximately 300 units with an average size of 956 square feet, according to city records.
Early plans for the vacant site included over 200 housing units and a 30,000-square-foot grocery store, led by EXDO Properties, Elevation Development Group and Kentro Group. However, the grocery store proposal has recently been dropped because of delays in rezoning and other factors.
The residential units will offer a range of layouts, including studios and one-, two-, and three-bedroom options, with some featuring possible balcony space.
Additionally, 10% of the units will be designated for households earning 60% of the area median income.
Aside from residential use, the development will feature 390 parking spaces and two loading spaces within an interior garage, about 4,500 square feet of ground-level retail space, as well as a leasing lobby, lounge, roof deck, pool, coworking space and two courtyard amenity spaces.
The project is bordered by East 36th Avenue, East 37th Avenue, North Downing Street and North Marion Street, located at the intersection of North Downing Street, Larimer Street and East 36th Avenue.
The approximately 2.3-acre site is currently used for surface parking. Planning documents show the project will include the demolition of existing retaining walls and utility poles on the property. Street lighting along sections of the project’s frontage will also be upgraded.
Property records show the parcel of land is owned by DOMA LLC, which is tied to EXDO Properties, a subsidiary of the EXDO Group family. EXDO Properties oversees the management of commercial and residential property throughout the Denver area, according to its website.
The lot is now under contract to be sold to Dallas-based Trammell Crow Residential, a real estate investment and development firm named in the project’s concept plan.
Representatives from Kimley-Horn and EXDO properties did not respond to requests for comment.
Updated 11:35 a.m. July 24 to clarify language about what kind of housing project is being proposed.
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