US - Jacksonville, FL
JLL is pleased to present the exclusive listing of Edison at RiNo, a 277-unit Class A apartment community in one of Downtown Denver’s most popular urban locale, the River North Art District (RiNo).
Recently completed in 2018, Edison at RiNo represents the opportunity to acquire a well-established, trophy asset located in one of Downtown Denver’s most sought-after submarkets. Highly favored by Denver’s young and affluent renters alike, the RiNo neighborhood continues to see a significant influx of institutional capital into the market, funding rapid expansion for state-of-the-art office and retail developments, further driving demand for Edison at RiNo for years to come. As a result, this former industrial hub has become the fastest-growing urban destination in all of Denver, having experienced an unrivaled 64% population growth since 2015. This trend is expected to continue as more companies and residents relocate to this trendy neighborhood.
This 9-story luxury community comprises a diverse mix of modern studios, one- and two-bedroom, and townhome floorplans designed with classic, timeless, yet contemporary interior finishes. The community amenity space is extensive, with a resort-style pool, community courtyard, multiple resident lounges, and a state-of-the-art fitness center with virtual classes. Seamlessly located fronting Brighton Boulevard, a major thoroughfare connecting RiNo directly with Denver’s Central Business District, the property’s location provides residents with a premier live-work-play landscape and direct access to Denver’s most popular restaurants and retailers.
Edison at RiNo offers investors a unique opportunity to acquire a recently completed, high-performing asset with a rare combination of upscale, urban living in one of Denver’s most sought-after submarkets that continues to attract Denver’s most affluent renters. Coupled with the ever increasing barriers to homeownership, rising interest rates, demand for luxury housing, and the recent changes in inclusionary zoning laws, Edison at RiNo is well-positioned to capture additional rental growth for the foreseeable future.