Walking through the streets of RiNo (River North Arts District), you can’t help but be pulled into the past. Blocks of large brick buildings hint at Denver’s industrial heritage. Many developers are trying to keep the historic feel of the neighborhood, which is uncommon for the rest of Denver.
RiNo’s newest project is no different. The Historic Rock Drill project beginning in the first quarter of 2018 will be 700,000 square feet of space that will feature office, residential, retail and hotel space. According to a recent Denver Post article Trae Rigby, vice president of development for Saunders Construction stated, “In RiNo, people build it new and try to make it look old and historic. This really is. It’s authentic.”
The project is estimated to cost $250 Million and will settle in the Cole neighborhood near the Blake and 38th transit station spanning 2 city blocks. According to the project website the project will consist of:
- 180 residential units
- A 175-room hotel managed by Sage Hospitality
- 150,000 square feet of office space
- 65,000 square feet of retail space
The development will add 550,000 square feet of new construction to 150,000 square feet of existing buildings that will be restored and adapted to new uses. The site’s alleys, rail spurs, and other spaces between buildings will serve as passages, courtyards, drives, and other public places.”
Site History Denver Rock Drill Manufacturing began operations in 1910 creating the “Waugh” Drill. By 1920’s the plant employed over 600 employees and spanned over a city block. In 1927 Gardner Governor merged with Denver Rock Drilling creating Gardner Denver, joining one of the best-run manufacturers of rock drilling equipment for the mining industry with the dominant player in portable air compressors for the construction industry. In 1973 the company moved it’s headquarters to Dallas, TX.
With it's unique history, this new project is sure to have an impact on the north Denver neighborhoods. Have questions about the project? The partners are planning to host a public meeting in April to meet with the surrounding community.
- Read more about the Denver Rock Drilling Project
- Search Single Family Homes or Sale in the area
- Search for Condo’s for Sale in the area
As always, don’t hesitate to call us with any of your Real Estate questions or needs. We are happy to help you along the journey no matter where you are in the process.