Should you be buying Denver Investment Properties in Denver’s River North/RiNo?
Denver, Colorado’s River North neighborhood (commonly known as ‘RiNo’) is rapidly becoming the art district hotspot for all types of trendy creative to live, work, and play. Just north of downtown, embracing an industrial vibe, this neighborhood not only acts as the city’s artistic hub filled with must-see art galleries, but it also is filled with top ranking restaurants, brewpubs, and cafes.
In just the past decade, RiNo has transformed from a desolate warehouse and run-down auto repair area to a chic, artistic community with apartment complexes and renovations creating space for well over 3,000 residential units in the neighborhood (land value jumping from $6 per square foot to $50 per square foot in just 12 years). In August 2013, The Source, an indoor market filled with craft beer, wine, coffee, cheese, meats, spirits, artisan bread merchants and more opened in an old iron foundry. This outdoor market brought with it a popularity that has sparked the promise of construction for two new light-rail stations will be open in 2016 at 38th and Blake and at the National Western Stock Show site.
It’s easy to see why young urbanites and creative professionals seek out apartments and condos in the area, but RiNo is also on the verge of become a hot place to live for young families with kids, a demographic which Zepplin Development feels has been overlooked.
Zepplin Development has been a main developer in the RiNo neighborhood, kicking off with TAXI, a residential and creative business mixed-use community, which embodies the unusual and artistic vibe that has brought this neighborhood back to life. Now, their sights are set on creating a residential project for young parents and their kids.
It’s no secret that Denver investment properties are booming, but for the most part it seems developers have been mainly targeting young professionals or early retirees and empty nesters. This leaves little for young families with children who want to remain in the urban area, but cannot afford the limited housing options for their needs.
As part of the TAXI campus, father-son team Mickey and Kyle Zepplin is working on opening the 48-unit Freight Residences, which will offer flexible living spaces meant for families, complete with a shared “front lawn” courtyard area, an indoor kids’ art room, exercise and swimming center, and TAXI’s early-childhood education center.
With construction completion expected in Spring 2015, RiNo is truly becoming a more-than-ever desirable neighborhood.
If you’re interested in finding properties to buy or invest in the River North Arts District of Denver, call or email Brian MacMillan today:
