Work is underway on the latest transformational project slated for River North, an eight-story office building near the 38th & Blake rail station.
Developers broke ground Wednesday on The HUB at 3601 Walnut St. The 275,000-square-foot development is currently the third-largest project planned for RiNo and the first premier office space to be built in the area, according to the development team.
Construction on the project is expected to wrap up during the final months of 2018.
HomeAdvisor is the only tenant announced so far. The digital home services marketplace is expected to lease 70,000 square feet — about 30 percent of the overall office space — in the HUB, relocating 350 employees from its current headquarters in Golden.
“The HUB is the exact type of addition we need in RiNo and along our FastTracks corridor,” Denver Mayor Michael Hancock said in a statement. “We had a vision for this site that it would become the model of (transit-oriented development) in Denver.”
City officials approved plans for The HUB earlier this month. The roughly 2-acre project south of Black Shirt Brewing Co. is expected to include 25,000 square feet of retail space and was approved to hold restaurant space and a three-level parking garage.
Florida-based Elevation Development Group sold The HUB project to Boston-based Beacon Capital Partners earlier this year, according to the firm’s website. The developers are working on the project together. JLL is working on pre-leasing and San Francisco-based Gensler is leading up design.
“We believe in the power of RiNo,” said Cathy Mossman, managing director at Beacon Capital Partners in a statement. “This is where creative and innovative companies want to be, and the HUB will offer some of the most sought-after amenities in the area.”
Those amenities include an expansive fourth-floor garden terrace with a grilling area, outdoor space on each floor, an organic rooftop garden, rooftop bee hives, a tenant-only fitness center with locker rooms, an on-site bike program and secure bike storage, according to the developers.
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