Rev360 tenants plan for July move-in to new RiNo building
A River North neighborhood development bringing office space downtown will wrap up in July.
The Rev360 project, a joint venture between Ed Haselden, Rob Cohen, Tributary Real Estate, Keystone Equities and Avenue Property Group, will be complete in July with tenant improvements starting within the next month and move-ins happening shortly after. The development is bringing 170,000 square feet of retail and office space along with stall parking to 3600 Brighton Blvd. Haselden Construction is the general contractor, and Anderson Mason Dale Architects designed the project.
The majority of the development will be office space, with floors two through five comprising office space totaling 140,000 sf. The 30,000 sf on the first floor is dedicated retail space. Jamie Roupp of Jones Lang LaSalle Inc. is the office broker for the property, and Stuart Zall and Kyle Framson of The Zall Co. are handling leasing of the retail portion. The property has been marketed to tenants for the past two years.
WeWork is the only secured office tenant under a triplenet lease. Roupp said WeWork leases half of the total office space, occupying 70,000 sf, which is the entire second and third floors.
According to Roupp, the property has seen significant tenant interest even over the last several months as the threat of COVID-19 grew. He said with RiNo being an emerging submarket, he’s pleased with the size and credit profile of the tenants who have shown interest in the neighborhood.
The development’s, 500 parking spaces, modern HVAC system and smaller size, which allows people to take the stairs rather than wait in a crowded elevator, are building features that office tenants are looking for post-COVID, Roupp said.
Haselden Construction Project Manager Ed Bushel said COVID-19 didn’t affect the construction of the project.
“The timing of our project was actually pretty ideal,” Bushel said. “We had all our material already on the way, so we had little to no delays. Overall, 95% of our materials were delivered on time.”
Bushel said the team is on track with the original timeline for a substantial completion in late July.
Published in the June 17-July 1, 2020, issue of CREJ.