Hines purchases RiNo site for $11.25 million
DENVER — Development company Hines has purchased a RiNo site for $11.25 million to build an office project.
Houston-based Hines partnered with Chicago-based McCaffery Interests and an unnamed investor to purchase 3500 Blake St., reports BusinessDen. The industrial site has been used by glass sink manufacturer Vitraform.
The property is 1.15 acres, which puts the value at $225 a square foot.
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Hines said it plans to build the next generation of its T3 office product at the site. T3 stands for timber, technology and transit. Its first T3 building in Minneapolis has a variety of tenants and was completed in May. The company has plans to build T3 buildings in Atlanta and Chicago. The Denver T3 building will be six stories.
DENVER — Development company Hines has purchased a RiNo site for $11.25 million to build an office project.
Houston-based Hines partnered with Chicago-based McCaffery Interests and an unnamed investor to purchase 3500 Blake St., reports BusinessDen. The industrial site has been used by glass sink manufacturer Vitraform.
The property is 1.15 acres, which puts the value at $225 a square foot.
Hines said it plans to build the next generation of its T3 office product at the site. T3 stands for timber, technology and transit. Its first T3 building in Minneapolis has a variety of tenants and was completed in May. The…
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