Hines builds first QOZ property in Denver

Representing one of the first qualified opportunity zone (QOZ) investments in the Denver area, the Cresset-Diversified QOZ Fund and Hines have plans to build North Wynkoop, a 10-story, for-rent multifamily community.

“North Wynkoop is the second of many great opportunities the Cresset-Diversified QOZ Fund is pursuing. It represents a top-quality real estate property in Denver, one of the fastest growing urban areas in the United States, with a leading developer in Hines,” said Avy Stein, co-founder of Cresset. “Adding in the tax benefits of the QOZ, we became even more excited about this property. We believe it is an excellent second investment for the Fund.”

It will feature 392 luxury, urban-style residences on the northern edge of Denver’s River North neighborhood (RiNo). RiNo is one of Denver’s prime cultural, dining and nightlife destinations and is located in close proximity to both the city’s light rail system and major thoroughfares.

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