Site near RiNo’s 38th and Blake sells for $7M ahead of planned redevelopment

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The 3930 Blake St. property currently has an industrial building on it. (Credit: BusinessDen.com/Thomas Gounley)

DENVER — A notable family name is pulling into the 38th and Blake station in RiNo.

R Cap Blake Street LLC purchased the industrial site at 3930 Blake St. — a short walk from the commuter rail stop — for $7.19 million last week, according to public records.

The LLC is associated with Jon Ratner, state records show. Ratner is a former executive with Forest City Realty Trust, and a descendant of the founders of the company, which sold to Brookfield Asset Management in 2018 for $11.4 billion.

Forest City is the firm responsible for master-planning Denver’s Stapleton neighborhood, and Ratner lived in Denver for a time, according to the Colorado Real Estate Journal.

Ratner did not respond to a Friday request for comment conveyed through an assistant. Brookfield is not involved with the deal.

Read more on BusinessDen.com.

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