State of the State: River North Art District (RiNo) FORMATIV - - PowerPoint PPT Presentation

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State of the State: River North Art District (RiNo) FORMATIV - - PowerPoint PPT Presentation

Jun 06, 2023 10 likes •194 views

State of the State: River North Art District (RiNo) FORMATIV Development Company | Josh Marinos - COO & Jeff Jones - Finance Director FORMATIV is a dynamic firm with a distinguished track record for creating transformative, mixed-use

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State of the State: River North Art District (RiNo)

FORMATIV Development Company | Josh Marinos - COO & Jeff Jones - Finance Director

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FO FORMATI TIV De Deve velopment Co Company

We Build Communities

FORMATIV is a dynamic firm with a distinguished track record for creating transformative, mixed-use projects that grow communities and businesses. At its core, FORMATIV believes that great people do great things when their community is better connected. With a combined 50+ years of experience, the visionary team focuses on building ecosystems that connect neighborhoods and people through real estate development and innovative new business ventures and in Colorado and beyond. We thrive at the intersection of Visioning, Innovation, and Business Development.

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Wha What t Makes es Up RiN RiNo? ? + Wha What t Sur Surround unds It?

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To To Ta Talk About The Future, We Mu Must st Understa rstand The Past st

As a former industrial hub, the RiNo Art District is a part of four historic neighborhoods, Five Points, Cole, Globeville and Elryia/Swansea. During the turn of the last century the area was home to foundries, pattern shops and industrial uses that helped drive the economic success of Denver. As industry moved out of the city's core in the late 80s and 90s, the corridor was left with many vacant warehouses and failing infrastructure. During this time, artists began to populate the area as prices were affordable and the neighborhood backdrop was fertile ground for the eclectic nature of arts, artists and creatives, much like Brooklyn in NYC. In 2004, local neighborhood leaders and the City of Denver began work on the River North Plan and ways to revitalize the area and in 2005, two local artists joined forces and created the River North Art District (RiNo) with the desire to create a creative community that would connect the artists that made the area their home. Today, RiNo is home to creative businesses, architecture firms, art galleries, designers, furniture makers, illustrators, painters, media artists, photographers, sculptors, and more.

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Ac Across ss The he Country untry Thi his s Patter attern n Has Has Been Followe wed: First Artists & Creatives Move Into A Fringe Neighborhood And Then Development Follows.

But What Has Made RiNo Unique?

  • Pr

Prox

  • ximity to Downtown
  • Underutilized la

land

  • Ada

Adapt ptive Re Reuse Opportunities / ”Cool Factor”

  • Co

Connectivity to I70 and I25

  • Ci

City Commitment

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De Denve ver’s Commitment to RiN RiNo: I : Infras astructure

Brighton Boulevard Expansion

  • The City committed to investing $25M

$25M into Brighton Boulevard

  • Access
  • Safety
  • Infrastructure
  • Multi-modal transportation
  • Parking

Denver’s Train to the Plane

  • RTD Spend $1.

$1.2B 2B on Light Rail Constructing

  • Last stop before Union Station – 38th &

Blake Street

  • 4-minutes to Downtown
  • 33-minutes to DIA
  • 6% increase in boardings in 2018: 7 Million
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De Denve ver’s Co Commit itment to RiN RiNo: P : Public S Spac ace

RiNo Promenade

  • Converting Arkins Court into a

Public Park/Greenway Spanning from 29th to 38th Street

  • RiNo Park @ 34th Street
  • Globeville Landing Park @

38th Street Total Investment: $12M $12M+

  • P3 Partnership

Timeline: Under Construction

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De Denve ver’s Commitment to RiN RiNo: Global Le Leadership

National Western Center

  • 250

250-Ac Acre site just north of RiNo

  • Redevelop to establish as a ye

year-ro round des destina nation that acts as the intersection of:

  • Agriculture
  • Education
  • Entertainment
  • Global thought leadership around the

issues of water, health, environment, and energy Key Stakeholders: City & County of Denver, Colorado State University, Western Stock Show Association, Denver Museum of Nature & Science, and History Colorado Timeline: Phase I & II Complete 2024 Estimated Cost: $765M $765M for Phase I & II; $1B $1B Total

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RiN RiNo To Today

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RiN RiNo 2021 2021

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RiN RiNo De Deve velopment Pipeline

New Office New Multifamily Future / Planned Developments

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RiN RiNo Ha Has Ca Caught The At Attention ion Of Of The Big iggest Names in in CR CRE

In Institutional Capital Flow In Into Ri RiNo Hines Beacon Capital Clarion Camden Reality Property Trust Amli Goldman Sachs Baupost Group BlackRock Co Corporate e Co Compani nies es Ca Calling ng Ri RiNo Ho Home Of Offic ice Home Advisor UC Health Kaiser Permanente Pandora Hitachi AEG Live Altera Mountain Company BOA Choozle Cloud Elements Corepower Yoga Snooze Uber Re Retail / Food

  • od & Beverage

Death & Co Shake Shack Odell Brewing Patagonia Burton The North Face / VF Corporation

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FO FORMATI TIV Office 2724 2724 Walnut nut St Street eet WT WTC Denver 3800 3800 Blake e St Street eet Pa Patter ernw nworks Re Reside dences 2750 2750 Blake e St Street eet IN INDUSTRY RIN INO STATIO ION 3858 3858 Walnut nut St Street eet De Denargo Ma Market 2650 2650 Ar Arkin ins Co Court IN INDUSTRY 3001 3001 Bright hton n Blvd LO LOT Tw Twenty Eight 2763 2763 Blake e St Street eet

FO FORMATI TIV’S S Pr Projec ects

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FORMATIV Project

LO LOT Tw Twenty Eight

2763 Blake Street

Development Team / Strategic Partners:

  • FORMATIV
  • OZ Architecture (Architecture)
  • Brinkman (Contractor)

Schedule:

  • Groundbreaking 2018
  • Delivering 2020

Details:

  • 45,000 SF Adaptive Reuse Development
  • Mixed-Use; Four (4) Marquee Tenants
  • Boutique Fitness
  • Urban Winery
  • Offsite Meeting Concept
  • Restaurant
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FORMATIV Project

Wo World Tr Trade Center De Denver r Of Offi fice

3800 Blake Street

Development Team:

  • FORMATIV
  • Golub
  • Swinerton (Contractor)
  • OZ Architecture (Architecture)

Schedule:

  • Groundbreaking 2020
  • Delivering Q4 2021

Details:

  • 320,000 SF Class A Office
  • Lobby Forum / Training Rooms
  • 14th Floor Tenant Business Club
  • 15,000 SF Ground Floor Retail
  • Falls Within Opportunity Zone
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Wo World Tr Trade Center De Denver r Ho Hotel

3850 Blake Street

Development Team:

  • FORMATIV
  • Kemmons Wilson Company
  • Swinerton (Contractor)
  • OZ Architecture (Architecture)

Schedule:

  • Groundbreaking 2020
  • Delivering 2022

Details:

  • 250 Room Hotel
  • 6,000 SF Sky Deck
  • 7,000 SF Conference Center
  • Falls Within Opportunity Zone

FORMATIV Project

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Pa Patternwor

  • rks

Re Residences

2750 Blake Street

Development Team:

  • FORMATIV
  • Swinerton (Contractor)
  • OZ Architecture (Architecture)

Schedule:

  • Groundbreaking 2020
  • Delivering 2021

Details:

  • 26 Luxury Residences
  • Floor Plans Intended to Maximize Function

& Take Advantage of Colorado’s Weather

  • Sophisticated Interiors
  • Private Balconies with City + Mountain

Views

  • Rooftop Tenant Deck

FORMATIV Project

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11.2 acres Coors Field Ballpark Denver Union Station

A R K I N S C T

B R O A D W AY

S O U T H P L A T T E R I V E

S O U T H P L A T T P A R K A V E .7 acres .5 acres .5 acres

Central Business District

FORMATIV Project

De Denargo Ma Mark rket

Development Team:

  • FORMATIV
  • Golub
  • TRYBA (Architecture)

Schedule:

  • Entitlements Underway
  • Phase I Ground break 2021

Details:

  • 13.1 Undeveloped Acres in RiNo Along

South Platte River

  • Opportunity for Micro-Urban Environment
  • Office
  • Live (Varied Income Levels)
  • Community
  • Public Gathering Space