RiDE at RiNo
RiDE at RiNo, a newly built 84-unit Class A multifamily within the River North (RiNo) neighborhood of Downtown Denver. The property is uniquely positioned in the market with one-of-a-kind modern and efficient units ranging from 369 to 849 sf and featuring quartz countertops, plank or polished concrete flooring and loft-style 12- or 18-foot ceilings. The smaller floorplans provide a value-oriented price point that is untouchable at other properties with similar finishes.
Ride at RiNo is located in downtown Denver with immediate access to 44.5 million sf of office space accommodating 172,000+ employees. The property is within a five-minute walk from 300,000 sf of retail and entertainment space with over 60 restaurants and bars. The property is just a block away from the commuter rail A-line, providing residents the convenient access to the entire metro Denver rail system and airport. Community amenities include a 24-hour fitness center, a rooftop deck with a BBQ area, club room with a vintage turntable, private conference room, underground parking, EV charging stations, bike repair station, lobby lounge, and a ButterflyMX video intercom system.
RiNo is Denver’s fastest growing mixed-use community. The area has 2 million sf existing commercial development, with 8.5 million sf of commercial development underway/ planned that will bring 25,000 new jobs to the area. This includes a new WeWork anchored office building that will wrap around RiDE, providing an ideal live/work atmosphere for residents. Millennials are the largest population group in metro Denver with nearly one million living in the metro area. 53% of Denver’s total in-migration are millennials. Metro Denver had a remarkably low unemployment rate of 3.0% throughout 2018. The annual rent growth rate achieved in Denver metro area was 3.7% in 2018, representing a strong leasing market. Metro-wide absorption for 2018 was the highest year on record. The strong economy and inflow of millennial employees will ensure that the rental market remains strong, rents continue to climb and absorption remains positive.