Edens closes land deal in Denver’s RiNo neighborhood; sets stage for residential redevelopment
Edens, the major RiNo landlord, has closed on its purchase of nearly a full city block in the neighborhood.
The firm, which specializes in retail real estate, acquired the majority of the block formed by Larimer and Lawrence streets between 26th and 27th streets from the nonprofit Volunteers of America Colorado this week.
Edens paid $18.4 million, according to brokerage NAI Shames Makovsky, which represented the firm in the deal. That works out to about $180 a square foot for the land.
The sale, however, was just one step…