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DENVER – It's no secret that the Denver metro area is constantly growing and expanding, but one part of the Mile High City has the eye of developers for future projects.
The Denargo Market, in the River North Art District (RiNo) neighborhood, is one of the center projects for developers.
According to North Denver Corner Stone Collaborative (NDCSC), the Denargo Market consists of apartments, restaurants, entertainment venues and art galleries.
“The Denargo Market has been under development since the early 2000s,” said Chris Pacheco, Deputy Director of NDCSC. “There are many development plans for this area, but it doesn't mean it’s going to happen. But these empty lots, developers see the opportunity here and it is going to be developed at some point or another. It’s a big thriving up-and-coming area, and even more so since Coors Field is only a few blocks away.”
One Austin-based developer wants to build another residential complex at the Denargo Market.
Argyle Residential submitted plans to the City of Denver in December. Its proposal consisted of an eight-story, 336-unit apartment building on 2.5 acres at 3206 Denargo St. It calls for 325,500 square feet of residential space, with 252 one-bedrooms and 84 two-bedroom units.
The complex would be at the southeast corner of Denargo Street and Wewatta Way. The company bought the site for around $10 million in November 2016. It is currently a parking lot.
The Argyle company is part of Cypress Real Estate Advisors (CREA), which had a huge hand in the development of the Denargo Market. CREA created Crossing at Denargo Market and Yards at Denargo Market, which has been rebranded as AMLI Denargo Market and The Marq at RiNo.