RXR Breaks Ground on $103.8M Residential Project in Denver's RiNo District, Pivoting from Office Real Estate Plan

RXR has broken ground on AVE Station House, a $103.8 million, 301-unit residential development in Denver's RiNo Arts District, the firm announced April 20. The project, developed alongside Invest Development Partners, Halpern Real Estate Ventures, and Korman Communities, marks a notable shift for the site: the project was originally planned as a mixed-use office and hotel development before being repositioned as residential in response to post-pandemic market conditions.

Project Details and Transit-Oriented Location

AVE Station House will rise on a 1.2-acre site near the 38th and Blake transit stop in Denver's RiNo Arts District, one of the city's fastest-growing urban neighborhoods. The development will deliver 301 apartment units alongside 6,000 square feet of retail space.

From Office and Hotel to Residential: A Strategic Repositioning

The pivot at AVE Station House reflects a recalibration in the development plan for the site. The project was originally planned as a mixed-use office and hotel development; however, shifting demand dynamics following the COVID-19 pandemic prompted the development team to reposition the project as a residential asset.

Partnership Structure and Real Estate Development Context

The AVE Station House development involves four firms: RXR, alongside Invest Development Partners, Halpern Real Estate Ventures, and Korman Communities.

At $103.8 million in total project cost, AVE Station House represents a significant investment in Denver's urban growth. The inclusion of 6,000 square feet of retail space alongside the residential units reflects a mixed-use approach in a transit-oriented location.

Denver RiNo District

Denver's RiNo Arts District has been described by RXR as a fast-growing area of the city. AVE Station House positions RXR and its partners within that growth corridor.

The groundbreaking took place in April 2026, initiating the construction phase of the project. Delivery timelines were not disclosed in the announcement.