case study

Building Community Partnerships: INDUSTRY RiNo Station

St Charles Park in Denver

​​​City/State​: Denver, Colorado

​​​INDUSTRY RiNo Station is a premier creative office building comprising 178,000 square feet in the River North (‘RiNo’) submarket of Downtown Denver, Colorado. This off-market development opportunity, completed in partnership with INDUSTRY Denver, transformed an existing two-story industrial building into what is now a collaborative office space featuring private office areas and services as well as a wide range of shared tenant amenities such as a food outlet and ​dining areas, meeting rooms, and event spaces.​

Exterior entrance of Industry Denver building

It was imperative to the development partnership that the new 800-person office complement the existing values of the community and provide equitable access to outdoor spaces and community programs. To ensure this transpired, Clarion and INDUSTRY Denver provided financial and logistical support for the refurbishment​ of 1.2-acre St. Charles Place Park, a combination of shared outdoor space between INDUSTRY RiNo Station and the neighboring St. Charles Recreation Center, which ​​had not seen investment in new amenities in several decades.

To ensure the delivery of a successful solution that met the community’s needs, during the development and planning process a collaborative partnership was developed involving representatives from Denver Parks and Recreation, NDCC, Valerian, and Q-Factor, INDUSTRY’s management firm. A group of ambassadors from the St. Charles Place Recreation Center, including local teens, were also included to represent the goals and desires of the community. This collaborative partnership worked together to develop amenities, programing, and activities for the new shared space including mentoring programs, sports leagues, and youth leadership groups.

Colorful playground area    Sandbox area with water fountain

​​A new natural play area includes water, sand, slides, climbing features, and a basket swing. Boulders and logs provide play and seating options. Decorative lighted gateways, ​ plants, trails, new sidewalks, and an accessible ADA ramp to the recreation center were also included in the renovations.​

St. Charles Place Park symbolizes not only a new shared space, but a coming together of communities through smart redevelopment, transparent intent, and thoughtful design. ​​



Definitions

Footnotes

Disclosures

​The investments described herein were selected based on non-performance-based criteria and are not necessarily representative of any particular Clarion Partners fund or portfolio. It should not be assumed that any of these properties are or will prove to be profitable.

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This material does not constitute investment advice, nor does it constitute an offer in any product or strategy offered by Clarion Partners LLC or Clarion Partners Europe, and should not be viewed as a current or past recommendation to buy or sell any securities. Any specific investment referenced may or may not be held in a Clarion Partners client account. It should not be assumed that any investment, in any property or other asset, was or will be profitable. Investment in real estate involves significant risk. Investors should consider their investment objectives, and it is strongly suggested that the reader seek his or her own independent advice in relation to any investment, financial, legal, tax, accounting or regulatory risks and evaluate their own risk tolerance before investing.

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