The Garrett Cos. Purchased Former Denver HQ Site
The developer acquired the former RK Industries property in Denver for $16.78 million to build new housing.
Updated on Oct. 2, 2026 in Commercial
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The Garrett Cos. has completed the purchase of the former RK Industries headquarters at 3800 Xanthia St. in Denver for $16.78 million. The developer plans to transform the site into a 329-unit apartment community.
Why it matters
This transaction follows the relocation of RK Industries to a larger facility in Aurora to support its regional expansion efforts. The shift allows the industrial firm to scale its operations while repurposing urban land for residential development.
The property sale for $16.78 million encompasses a site that will host a 329-unit apartment development across 15 acres. RK Industries has moved to a new 154,488-square-foot facility in Aurora, supported by $24.4 million in tax incentives.
The players
The Garrett Cos.
This real estate development firm specializes in the acquisition and construction of residential apartment communities.
RK Industries
This mechanical contracting firm recently expanded its operations by relocating its headquarters to a larger facility in Aurora.
The details
The development will proceed in two stages, utilizing a 10-acre plot and a 5-acre plot to finalize the community. RK Industries anticipates that its move to the new Aurora headquarters will facilitate the creation of over 1,700 jobs during the next eight years.
Timeline
Late 2025 marked the announcement of the RK Industries headquarters relocation.
September 25, 2026, saw the filing of the warranty deed for the property sale.
Construction on the project is slated to begin later in 2026.
Completion of the apartment community is expected in the fourth quarter of 2027.
Culture Shift
This project mirrors the growing trend of converting legacy industrial hubs into residential districts to address urban housing shortages. By reclaiming these sites, developers are effectively repurposing land that no longer serves modern manufacturing needs for the regional housing market.
Residents in the area can expect to see significant construction activity beginning later in 2026 as the site transitions from industrial to residential use. The development is set to increase housing supply in the city by adding 329 apartment units to the local market.
The takeaway
The move by RK Industries and the subsequent purchase by The Garrett Cos. illustrate how industrial growth in one suburb can trigger residential investment in a neighboring city. This project represents a long-term shift as developers continue to target aging industrial land for housing.
Further reading
Learn more about local business developments in the Denver Commercial section.
Source note: This article includes information reported by The Denver Post.
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