Developer planning apartment building next to RiNo rehab project

The proposed apartment building would replace the parking lot next to Lot Twenty Eight in RiNo. (Thomas Gounley photos)

A development firm that renovated a building in RiNo for mixed-use is turning its attention to the adjacent parking lot.

A concept plan was submitted to the city last week, calling for a five-story, 110-unit apartment building to be constructed on the parking lot next to Lot Twenty Eight, the former manufacturing facility at 2763 Blake St. that was repurposed by Denver-based developer Formativ.

The lot — referred to as either 2801 or 2823 Blake St. — is about 22,000 square feet, or half an acre.

It’s already owned by Formativ, acting as 28th & Blake LLC.

The concept plan bears the logo for Formativ, as well as construction firm Arco Murray and Lagniappe Capital Partners. Executives at Formativ, including CEO Sean Campbell, didn’t respond to a request for comment.

The site is already zoned for five stories. The proposed structure would have about 3,000 square feet of ground-floor retail space, as well as a rooftop deck. The plans refer to the project as The Residences at Lot Twenty Eight.

Signs for RiNo Point Winery are still plastered on the window of the 2763 Blake St. building.

Lot Twenty Eight was completed last year, according to Formativ’s website. The building is largely vacant, with fitness chain AKT its only currently operating tenant. A winery had planned to take a large chunk of space, but confirmed to BusinessDen earlier this year it had pulled out, although its signage remains up in the windows.

Formativ has other projects in the works.

It and Chicago-based Golub & Co. paid $86 million in 2019 for 13 acres in RiNo’s Denargo Market area; the site was rezoned earlier this year. Formativ also has proposed two buildings — one with Golub — by the 38th and Blake rail station in RiNo, although planned tenant World Trade Center bailed earlier this year.

In 2019, Formativ also proposed another multifamily project by Lot Twenty Eight, this one across the street on the 2750 Blake St. corner lot it owns.

That project hasn’t broken ground, but it still shown as planned on Formativ’s website, under the name “Patternworks Condominiums.”

Formativ’s website also refers to a planned apartment project in Colorado Springs.

The proposed apartment building would replace the parking lot next to…

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