A Texas developer is taking on one of RiNo’s biggest redevelopment sites.
Camden Property Trust plans to build a new five-story apartment building at 32nd and Walnut streets, the current home of Denver Hardware.
The Hardware property takes up the entire city block bounded by Walnut, 32nd, Larimer and 33rd streets, covering more than 2.4 acres in the middle of the fast-growing industrial neighborhood.
Home finishes company Denver Hardware Co. has worked out of the site for more than 60 years. The company owns the entire block, and the property has been on the market for the better part of this year.
CBRE brokers Tyler Carner, Jeremy Ballenger and Marty Roth are handling the listing. When reached by phone Friday, Carner declined to comment on the sale process but said Denver Hardware plans to relocate.
Denver Hardware owner Dan Kaatz did not return phone messages from Thursday and Friday seeking comment on the company’s future plans.
The project Camden has proposed is scant on details. The company is submitting paperwork for a complex reaching five floors fronting Walnut Street and climbing only three stories high on the Larimer Street side. The three-story building would wrap around a six-story parking deck.
Camden will need clearance from Denver’s City Council before the project is a go. The site is currently zoned for industrial uses, but Camden has submitted a rezoning application to clear the way for its split-story apartment building.
Architecture firm Norris Design submitted the rezoning application on Camden’s behalf. Norris Principal Jared Carlon declined to comment on the plan when reached by phone Friday. Todd Triggs, Camden’s vice president of real estate investments, did not return phone messages last week.
Camden has had at least one meeting with neighborhood groups in River North. Andrew Feinstein, RiNo Art District member and area property owner, said the company sat down with the RiNo Design Review Board in late September to pitch the project.
“We gave them recommendations for adding retail space, art gallery space and street-level activation,” Feinstein said. “We also recommended actively reusing some of the existing buildings.”