DriveTrain_Property for Sale
DriveTrain_Property for Sale
3299 Brighton Blvd ., Denver, CO, 80216-3666, US

DriveTrain

Asset Description

JLL is pleased to present the exclusive offering of DriveTrain, a newly constructed, best-in-class, multi-housing community located at the heart of Denver’s historic River North Art District (RiNo). The former industrial hub has become the fastest-growing urban destination in all of Denver having experienced an unrivaled 64% population growth since 2015, a trend that is expected to continue as more companies and residents relocate to this trendy neighborhood. 


Recently completed in 2022, this 7-story, luxury community consists of 417 apartment homes featuring modern-luxe interior finishes, a full suite of indoor and outdoor amenities, and over 10,000 square feet of prime, street-facing retail located along Brighton Boulevard. This major thoroughfare has seen over $47 million spent on public infrastructure to improve traffic flow and add a bike lane, which helps DriveTrain earn a 95 Bike Score. Brighton Boulevard connects the north side of RiNo directly with Denver’s Central Business District, offering residents a premier live-work-play landscape. 


DriveTrain’s location offers residents an amenity base unparalleled in the region, surrounded by walkable breweries, restaurants, galleries, local boutiques, and grocery stores. Right next door to DriveTrain is RiNo Art Park, a community hub with over three acres of open space along the Platte River. This collection of accommodations has resulted in RiNo’s continued commercial growth with over 1.7 million square feet of office space developed since 2014 and over two million square feet of additional space in the pipeline. The proximity to downtown allows for efficient access to Denver’s top employment hub, featuring over 148,000 jobs spread across a diversified mix of industry-leading companies. 


DriveTrain’s unique combination of luxury product in a dynamic location will continue to attract affluent renters. Rising interest rates, coupled with inclusionary zoning laws have put downward pressure on Denver’s pipeline, ensuring future demand for DriveTrain.

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Attributes

Number of units
417 units
Occupancy
60.00%
Year built
2022
Building area Net
32,506 m²
Land area net
1.17 ha (11,736 m²)
NOI
CHF 7,912,000

Media

Investment Highlights

  • Dynamic Location in the Heart of RiNo
  • Best-in-Class Mixed-Use Construction with Modern-Luxe Design
  • State-of-the-Art Amenities Catering to the Affluent Renter
  • Unmatched Access to Denver’s Top Employment Hub
  • Surrounded by an Eclectic Mix of Popular Entertainment, Retail, Dining

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Last updated
11 Jan 2023