Rendering of TAXI expansion courtesy Zeppelin Development

Zeppelin Development, the developers behind TAXI and the Source, will expand its RiNo presence with the purchase of a five-and-a-half-acre site on Ringsby Court. Formerly owned by Ready Mixed Concrete, the site is located adjacent to TAXI and will be home to an expansion of TAXI. 

With a loan from its RiNo-based lender, Collegiate Peaks Bank, Zeppelin Development has acquired the former-industrial site to continue the growth of TAXI, which currently fully occupies eight buildings, including more than 100 workspaces and more than 90 residences. Plans for the site include design-forward family housing with a major affordable component, retail and cultural uses along the waterfront, and new iterations of its signature workspaces. The Ready Mixed site acquisition means that TAXI now spans the full distance between 31^st Street and 38^th Street along the South Platte River. The opportunity now exists for the vehicular path along Ringsby Court to move to the back of the site, freeing up the entire river frontage for use as a public plaza with buildings that open up directly to it.

“With TAXI at full occupancy over the last few years, there have been more ideas for socially impactful projects than there are space to build them,” said Kyle Zeppelin, principal of Zeppelin Development. “The immediate lease-up of Freight Residences, a new model for urban family housing, has confirmed the demand from diverse demographics, beyond millennials, who want to live in urban, well-designed and high-functioning spaces, surrounded by a community of like-minded people. We’re looking forward to continuing to push the envelope with new models for urban development that build on TAXI’s success and to continue to address underserved areas of the market.”

The purchase of the Ready Mixed site brings Zeppelin Development’s total land holdings in RiNo to 25 acres, including 228,000 square feet of office and retail space and 92 residential units.  

Liam Girard, Denver Region president of Collegiate Peaks Bank, said, “the Zeppelins have been big supporters of Collegiate Peaks Bank and we’re thrilled to have the opportunity to provide acquisition financing for the Ready Mixed site. TAXI has shown that the urban live-work model works; the expansion will add more amenities and creative design to one of the most exciting neighborhoods in the country.” 

Zeppelin Development has several mixed-use projects currently underway in the RiNo neighborhood, including a 20,000-square-foot expansion of the Source market hall and the introduction of the 100 room Source Hotel; as well as Zeppelin Station, a 100,000-square-foot retail and creative office development at the new airport-bound 38th and Blake commuter rail station. Both projects are set to open in 2017.