McWhinney pays $20M for land next to Great Divide Brewing in RiNo

Denver-based developer McWhinney has purchased land adjacent to Great Divide Brewing Co.’s facility along Brighton in RiNo. (BizDen file photo)

Add one more sale to the 2019 list of major land deals in RiNo.

Denver-based McWhinney closed Thursday on its purchase of 2.56 acres next to a Great Divide Brewing Co. facility in the 3300 block of Brighton Blvd.

The company, which plans to develop a mixed-use project, said it paid the brewery $20 million. The deal works out to $179 a square foot.

BusinessDen was first to report earlier this year that the deal was in the works. The deal was contingent on a rezone of the property, which Denver City Council approved in November with an 8-5 vote.

Great Divide purchased 4.74 acres along Brighton in three transactions totaling just over $9 million in 2013, according to public records. The brewery retains ownership of the bar and package facility it built on approximately half the site.

JLL brokers Jamie Roupp and Julie Rhoades, along with Ryan Arnold of Tributary Real Estate, marketed the undeveloped land on behalf of Great Divide.

No development plans have been submitted to the city for the site. Kirsty Greer, vice president of multifamily and mixed-use development for McWhinney, said in a statement that the company plans to build a combination of office, retail and multifamily space.

The property is zoned C-MX-8, but McWhinney could build up to 12 stories because the area is within the 38th and Blake zoning overlay district.

McWhinney’s development portfolio includes mixed-use project Dairy Block in LoDo. The company recently sold its RiDE at RiNo apartment complex for $23 million. It expects to break ground next year on the Foundry, a 17-story apartment complex at 3750 Blake St.

Other major land deals in RiNo this year include $6.5 million for the site where Foundry will be built, $13.5 million for a portion of the World Trade Center development site, $7.19 million for 3930 Blake St., $20 million for the Train development site and $36.2 million for the Pepsi parking lots at Brighton and 38th.

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