Pepsi has sold its massive RiNo parking lots to a development company:
Carmel Partners on Tuesday, June 18, closed on 3800 and 3900 N. Brighton Boulevard, two separate parking lots owned by PepsiCo (Nasdaq: PEP) across the street from its bottling plant, according to property records. 3800 N. Brighton Blvd. sold for $16.41 million; 3900 N. Brighton Blvd. sold for $19.78 million. The combined deal works out to $220 per square foot.
https://www.bizjournals.com/denver/n...lots-sold.html
This is yet anther "Opportunity Zone" deal, per DBJ. Site has potential to go up to 16 stories.
All of the RiNO developments definitely have potential to sap some of the growth of legacy downtown, including Tabor 2.