As only the latest evidence of the continuing popularity of Denver’s River North Art District neighborhood, plans have been announced for the construction of a 12-story structure that will house nearly 100 apartment units.
The project belongs to the Denver-based Katz Development, and will go up on a less than one-acre site at 3495 Wynkoop Street, several blocks away from the banks of the South Platte River.
The area is dotted with some industrial development as well as newer multi-floor apartment buildings.
Plans call for the building of about 1,000 square feet of retail space on the building’s ground floor, as well as decks on the fourth and sixth floor of the structure.
The site, currently the home to a one-story aluminum warehouse and next-door brick building, was purchased by Katz in the summer of 2017 for $1.8 million, with plans calling for the construction of a seven-story hotel.
The company says those plans were changed due to the negative impact that the Covid 19 pandemic has had on hospitality projects.
The River North Art District in the past two decades has gone through a gradual transformation from an industrial section to a modish neighborhood populated with coffeeshops, restaurants, and art galleries.
Rents for one-room apartments in the district vary between $1,500 and $2,000 a month.
By Garry Boulard
