One River North developers pay $9M for adjacent site

Two companies growing a RiNo condominium constructing with a greenery-filled “canyon” now personal an adjoining property.

The 3911 and 3963 Walnut St. parcels, which mixed are 0.93 acres, bought final week to Washington D.C.-based Uplands Actual Property Companions and Denver-based Wynne Yasmer Actual Property, working as fortieth & Walnut Mission LLC.

The properties have a handful of business buildings on them. The sale worth was $9 million, or $221 a sq. foot.

Uplands and Wynne Yasmer submitted improvement plans for the location in early 2022. Reached by BusinessDen on Monday, the companies declined to remark.

The 2 companies, together with two others, are wrapping up work on One River North, which is throughout the alley from the location they purchased final week. The 16-story, 187-unit One River North is without doubt one of the most uncommon constructions in-built Denver lately, with its entrance facade that includes a haphazard-looking gash that can be stuffed with greenery. The constructing will open to residents this spring.

The imaginative and prescient for the adjoining website is tamer. The most recent model of improvement plans, submitted to town in October, name for a 16-story constructing with 305 models.

The construction can be dubbed “Amara,” in keeping with Uplands’ web site, which shows a rendering exhibiting a comparatively typical condominium constructing facade.

Davis Partnership Architects is the structure agency listed on the mission improvement plans. Davis additionally served as govt architect for One River North, the place Chinese language agency MAD Architects served as design architect.

The location on the nook of fortieth and Walnut streets was bought by entities managed by Denver developer Mike Mathieson, who paid $3.51 million in 2015, information present. Final week’s sale worth corresponds to a bounce of 156 p.c in 9 years.