40th & Walnut Street

Denver, CO | Multifamily Residential

A transit-oriented development in the River North neighborhood of Denver, CO, with preliminary plans for a Class A multifamily residential building designed for the post-COVID-19 world

Background: In July 2019, Halpern entered into a Joint Venture agreement with a local operating partner for the acquisition of two parcels of land, GWS and MHE. GWS is a 1.1-acre development site located at 4001 Walnut Street (GWS Phase I) and 4003 Walnut Street (GWS Phase II). MHE is a 1.7-acre adjacent development site located at 4000 Walnut Street.

The development sites are in the River North (RiNo) neighborhood of downtown Denver, one of the city’s most in-demand submarkets that is experiencing significant public and private investment. The transit-oriented developments are two blocks from the new 38th & Blake Street light rail station and offer proximity to both Interstate 70 and Interstate 25. Together, the three developments will create an urban live-work-play destination, bringing speculative office space, multifamily residential units, retail space, and parking to RiNo’s rapidly developing north-east end.

Description: 4000 Walnut Street has preliminary plans for a 400-unit multifamily development with 12,000 SF of retail space and parking.

Status: Feasibility studies.