$600m Hines JV to build luxury community in Denver

Hines with investment partner Cresset-Diversified QOZ Fund has broken ground of its Residences at RiNo, a luxury for-rent residential community at the entryway to Denver’s rapidly expanding River North Arts District (RiNo).

The midrise project, located within North Wynkoop’s innovative 1.25 million-square-foot mixed-use development, is the fourth joint venture between Hines and Cresset-Diversified, comprising more than $600 million in opportunity zone developments around the country.

Comprised of 397 luxury residences, the 11-story building will boast private balconies with mountain and city views in select units. Ranging between 542 and 1,715 square feet, floorplans will include studio, one-bedroom and two-bedroom offerings, in addition to a limited number of affordable units and live/work units. Each residence will feature modern kitchens with quartz countertops, designer tile backsplashes and stainless-steel appliances; in-unit washer and dryers; electric door