Denver’s River North Arts District is poised to get another creative office building with the redevelopment of another old warehouse at 3060 Brighton Blvd. during the second quarter.

Mass Equities Inc., a Santa Monica, California-based private equity real estate investment firm, purchased 7.8 acres that includes two existing buildings totaling more than 219K SF. The $200M first phase of 2900 Brighton will include redeveloping a 62K SF building at 3060 Brighton Blvd. into a creative office building, taking advantage of the soaring ceiling heights and open space in the building. In addition, MEQ plans to develop about 480 apartments and 85K SF of retail space along Brighton.

“RiNo is a fast-evolving vibrant arts district and is the ideal location for creating our vision of a carefully curated community filled with passion, personalities and purpose,” MEQ founder Drew Sobel said. “Our goal is to break from the familiar pattern of typical mixed-use and create a project that is designed to embody RiNo’s rich diversity. We have assembled a phenomenal and creative team to work on this project that understands and embraces the elements that make RiNo unique.”