{"id":15152,"date":"2020-01-09T01:39:45","date_gmt":"2020-01-09T08:39:45","guid":{"rendered":"https:\/\/nexsteprealestate.com\/?p=15152"},"modified":"2020-01-09T11:42:17","modified_gmt":"2020-01-09T18:42:17","slug":"seven-story-project-proposed-a-block-off-brighton-in-rino","status":"publish","type":"post","link":"https:\/\/nexsteprealestate.com\/seven-story-project-proposed-a-block-off-brighton-in-rino\/","title":{"rendered":"Seven-story project proposed a block off Brighton in RiNo"},"content":{"rendered":"

What’s New In Real Estate?<\/strong><\/p>\n

Lots of exciting news in the world of Real Estate.\u00a0 Below is a great article published on January 9th by Thomas Gounley in the BusinessDen about a new proposed Seven-story hostel-like development in RiNo.\u00a0 This is not your typical hotel development project.\u00a0 Enjoy the BusinessDen article below…<\/p>\n

\n

A lodging property that would offer hostel-like shared bunkrooms along with private rooms has been proposed for a site a block off RiNo\u2019s Brighton Boulevard.<\/p>\n

Katz Development submitted a project concept this week proposing the seven-story project at 3495 Wynkoop St.<\/p>\n

Project concepts are an early-stage development proposal, the precursor to a more formal site-development plan.<\/p>\n

Katz Development is led by Andrew Katz, who said his family regularly visited Colorado to ski while he grew up in Ohio and came to love Denver. In 2015, after graduating from Ohio State, he moved out and took a job as a retail broker at SullivanHayes.<\/p>\n

Katz, 26, said he loved the feel of RiNo. In Ohio, his father worked in real estate, developing retail and multifamily properties in that and neighboring states. The family \u2014 including Katz\u2019s younger brother, who goes to the University of Colorado Boulder \u2014 decided to look for a development opportunity in the district.<\/p>\n

They paid $1.81 million for the 0.29-acre 3495 Wynkoop St. lot in June 2017, according to public records. The industrial building currently on the site is primarily used for storage. Katz said his family didn\u2019t have a firm development plan when they bought it.<\/p>\n

\u201cWe thought it was a well-located site and decided to just go for it,\u201d Katz said.<\/p>\n

\u201cThroughout that whole process, the neighborhood just kind of did its thing,\u201d Katz said. \u201cAnd we saw hospitality as a really interesting use for our site.\u201d<\/p>\n

The only lodging option now along Brighton is Zeppelin Development\u2019s Source Hotel. But two more are in the works, at 3560 and 3660 Brighton Blvd.<\/p>\n

The development plans for Katz\u2019s project show the project facing 35th Street. The first floor would have the lobby and a restaurant, and the seventh floor would be a bar opening out onto the rooftop. Rooms would be on floors two through six.<\/p>\n

The development plans do not include any parking.<\/p>\n

\u201cWe hope our target demographic is going to take advantage of the light rail,\u201d Katz said, noting there are also parking garages in the area.<\/p>\n

Katz said the goal is to develop something that will add to the neighborhood, and incorporating shared bunkrooms was a way to make the project unique. While bunkrooms are a common feature at hostels \u2014 like the one planned for a site in Arapahoe Square \u2014 Katz indicated he isn\u2019t too focused on how his project is described for now.\u00a0 \u201cIt\u2019s a hostel, it\u2019s lodging, it\u2019s a hotel,\u201d he said. \u201cIt\u2019s a way to experience the neighborhood.\u201d<\/p>\n

Katz declined to detail the expected number of beds or rooms, noting the early stage of the project. And he said he hasn\u2019t determined whether the lodging would be managed in-house or by an outside company.<\/p>\n","protected":false},"excerpt":{"rendered":"

What’s New In Real Estate? Lots of exciting news in the world…<\/p>\n","protected":false},"author":7,"featured_media":15153,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","footnotes":""},"categories":[34,51],"tags":[66,84,130,67],"yoast_head":"\nSeven-story project proposed a block off Brighton in RiNo - NeXstep Real Estate Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nexsteprealestate.com\/seven-story-project-proposed-a-block-off-brighton-in-rino\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Seven-story project proposed a block off Brighton in RiNo - NeXstep Real Estate Group\" \/>\n<meta property=\"og:description\" content=\"What’s New In Real Estate? 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