The Hub development in RiNo has pivoted to the shovel stage.
On hand for a groundbreaking ceremony at the site of the mixed-use development on Wednesday were Cathy Mossman with Beacon Capital Partners, Andrew Feinstein with EXDO Management Property Group and Brent Farber with Elevation Development Group.
Beacon, a Boston firm that owns the Wells Fargo Center and Civic Center Plaza, bought the Hub site at 36th and Blake streets in April for $19 million. Prior to that, Elevation Development Group purchased the site from Feinstein in a $9.6 million deal in 2015.
Plans for Hub call for 250,000 square feet of office space and 25,000 square feet of retail. The project is expected to come online in the fourth quarter 2018. Jamie Roupp and Julie Rhodes with JLL are the listing agents on the office space.