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National landlord Edens will expand its dominance in Denver’s River North Arts District following an early Tuesday morning victory in which the Denver City Council approved a rezoning request that will allow Edens to redevelop one of the busiest blocks in the area.
Edens can now move forward with plans to develop multiple buildings on the block bounded by Larimer and Lawrence streets and 26th and 27th streets. The Denver City Council approved the request by a vote of 11-1, with Council Member Candi CdeBaca voting in opposition, according to reporting from BusinessDen.
Development plans for the block call for a variety of uses, including five- to seven-story buildings with about 85K SF of retail and 380 residential units, some of which will be income-restricted.
Most of the property in question is owned by nonprofit Volunteers of America, which is expected to sell its building to Edens. Edens will in turn renovate VOA’s headquarters and help move other operations to Adams County.
Edens entered RiNo in a big way a few years ago, buying up more than $80M in the area in roughly four years, including Denver Central Market, a popular food hall, and several other retail spaces that house tenants like Patagonia and Burton Snowboards.
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