Developer trio shells out $2M for RiNo infill project

Another week, another million-dollar RiNo infill deal.

A trio of local developers bought a 14,000-square-foot triangle at 3724 Walnut St. near the 38th and Blake light rail station for $2.1 million.

In an email statement, Chad Ellington with Peak Development Group said his firm is managing the site with Slipstream Properties and Kaplan Cos. The three “intend to develop the vacant land into a multi-family, mixed use development,” he said, and plan to break ground in 2018.

Ellington declined to discuss the project in further detail as the group firms up its plans.

Billy Riesing with Pinnacle Real Estate Advisors represented the seller, Stephen D. Talmage. Talmage paid $158,000 for the property in 1999, city records show.

Click Here to Read More – BusinessDen