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McWhinney Purchases 2nd RiNo Parcel from Great Divide Brewing Co.

December 20, 2021 Posted In

McWhinney, a Colorado-based real estate investment, development and management firm with expertise in commercial, multifamily, hospitality, residential and mixed-use assets, has purchased a second 2.2 acre parcel at 35th Street & Brighton Boulevard from Great Divide Brewing Co.

The purchase price was not disclosed.

Local brewer Great Divide acquired the land in Denver’s Five Points neighborhood/RiNo Art District in 2013 to help fuel expansion by moving their canning, distribution and storage operations to the site. In addition to the brewery operations, Great Divide built out the Barrel Bar, a taproom to showcase their hoppy creations.

In 2019, McWhinney purchased 2.5 acres of Great Divide’s total of 4.7 acres in RiNo with plans to develop. Earlier this year, Great Divide offered McWhinney the opportunity to purchase their building and remaining 2.2 acres and keep Great Divide as a partner and tenant in the space while a larger vision for a mixed-use community could be developed.

“I am thrilled to partner again with McWhinney on the second piece of our land sale.  We had interest from multiple parties in the property and were fortunate to be able to select the partner who will best meet the goals of Great Divide Brewing,” said Great Divide Brewing Co. Founder & President Brian Dunn. “RiNo has become our second home and we’re excited to maintain a presence in this vibrant location through the foreseeable future with the Barrel Bar and our warehousing operations. McWhinney embraced this plan and I think it’s a real testament to their understanding of local business and local business partnerships.”

Part of the 38th & Blake Incentive Height Overlay, the site is zoned to allow for a mixed-use development of up to 12 stories.

“We are thrilled to expand McWhinney’s footprint in the neighborhood and to eventually create a true vertical mix of uses that could include residential, office and experiential retail through thoughtful planning and development,” said Kirsty Greer, Senior Vice President of Multifamily and Urban Mixed-Use Development at McWhinney. “Great Divide, the RiNo Art District and the adjacent RiNo Art Park will be terrific partners and neighbors for what will be one of our most vibrant mixed-use developments yet.”

McWhinney has a strong 30-year history of successfully investing across all real estate mixed-use asset classes including hospitality, multifamily, industrial and office projects located in Colorado, Texas, Massachusetts, Oregon, California and Nebraska.

Other notable Denver lifestyle projects for McWhinney include Denver Union Station, The Crawford Hotel, Dairy Block and The Maven. Nationally, McWhinney developed the Hyatt Place Boston/Seaport District, a 297-room hotel on Boston’s harbor waterfront. In Austin, McWhinney recently acquired the luxurious Austin Proper Hotel and has a 246-key Hyatt Centric boutique hotel under construction.

McWhinney also has more than 4,000 apartment units completed or under construction. Other current projects include FoundryLine, luxury apartment community located in Denver’s RiNo Art District currently under construction, PARK40, a development of 313 apartment homes that is leasing at the new Baseline master-planned community in Broomfield, Colo., and Clovis Point, which features 208 modern apartment homes now available for lease in Longmont, Colo. McWhinney also recently partnered with Lightning Tree Capital, LLC. to acquire and operate Kelley at Samuels Avenue, an upscale residential project in Fort Worth, Texas.

Earlier this fall, McWhinney announced plans to redevelop a 5 acre site in Salt Lake City’s Granary District. McWhinney was also awarded the opportunity to partner with the City of Provo to redevelop its downtown Civic Center block.

Photo credit: Great Divide Brewing Co.

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