Mill Creek Residential is planning a 362-unit apartment community on 2.92 acres at 2890 Brighton Blvd. in Denver's River North neighborhood.
Modera River North will feature nine-foot ceilings, eight-foot doors, built-in closets and kitchens with stainless steel appliances, granite countertops, tile backsplashes and oversized cabinetry. Community amenities will include a resort-style courtyard and pool, a business and conference center, fitness center and unobstructed views of the mountains and downtown.
ARA Newmark has raised an undisclosed amount of equity through its capital markets group for the $90 million project.
"For an area that was considered the wrong side of the tracks no more than 18 months ago, there has been incredible institutional capital interest for this front door location," says Chris Cowan, executive managing director of ARA Newmark in Denver. "RiNo hasn't just made the map for Denver -- it is the map. It is impossible to articulate all of the fluidity and activity happening there."
With more than $100 million in public and private investment, the Brighton Boulevard Corridor is a strategic focus for the city of Denver, enabling RiNo to become a hub of creative offices, art galleries and a variety of other businesses and cultural amenities.
"Mill Creek is excited to become part of the River North community and part of the Brighton corridor in particular," says Brian Wynne, managing director of development for Mill Creek. "We are huge believers in the momentum of activity all around this site, and we see the best of both worlds in this location -- participating in the exciting energy of the area while being only a short walk to the heart of downtown Denver."
Contact Confluence Denver Development News Editor Margaret Jackson with tips and leads for future stories at margaret@confluence-denver.com.
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