A CREG Summer extravaganza!
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Another construction site is active in Cherry Creek.
Englewood-based Stonebridge Cos. has brought down an office building at the corner of Milwaukee Street and 2nd Avenue in Cherry Creek to make way for a 201-room hotel. Heavy construction machinery now occupies the former 1960s building site.
Stonebridge’s latest plans, which the city hasn’t yet approved, call for a single eight-story building. The property would have about 3,300 square feet of retail space and about 156,500 square feet of hotel accommodations. Plans also show a rooftop pool with a covered patio area.
Architecture firm Gkkworks is designing the Stonebridge hotel.
The half-acre site previously housed the Rollnick Building, a 27,000-square-foot office building. Stonebridge bought the property for $8.1 million in 2014.
Stonebridge’s hotel will be at least the third hotel going up in Cherry Creek. BMC Investments and Sage Hospitality are building an upscale hotel called the Halcyon, as well as a limited service hotel dubbed Moxy between Columbine and Josephine streets.
Crosbie Real Estate Group is listing 4,000 SF of new retail space available at this location. For more information, click here.
Thanks for another great year folks! Together we raised over $16,500 for Breast Cancer.
Here are a few of our favorite pictures:
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As we all know, Cherry Creek is going through a significant infill boom with apartments, hotels, and office buildings going up all over the neighborhood. Along with the boom, there are also a few great minor projects that are underway which we will be focusing on in this post, primarily a project on 1st Avenue and Cook Street, the same block as the Alexan Cherry Creek project.
In any great urban neighborhood, the street level is the most important aspect given that’s where the pedestrians are. These new immaculate, glassy buildings have the potential to be a total failure if there are blank walls along the street, or small parking lots occupying the corners. Luckily for the Cherry Creek neighborhood, that’s not the case.
Developers in Cherry Creek are actively pushing retailers and projects to the corner to help improve the urban form of the neighborhood. Two very recent examples are the Room and Board on 2nd Avenue and Detroit Street and the Restoration Hardware on 1st Avenue and Fillmore Street. The Room and Board expanded to the street corner, supplanting the surface parking lot next door and the Restoration Hardware was extended from the Cherry Creek Mall and pushed to the street edge along 1st Avenue.
1st Avenue, with wide roads and complicated intersections, is a bit messy to pedestrians but that’s not stopping anybody from making it a better street for those on foot. Built in 1980, 3300 East 1st Avenue was built with parking and easy automobile accessibility. Present day, the parking structure that was built with this building is being replaced by an 8-story apartment project, and the office building is now receiving a ground floor retail addition.
Along with the retail addition, new curbs, sidewalks, and landscaping are also going in, drastically improving this stretch of 1st Avenue.
A neighborhood that was once automobile oriented is slowly turning into a multi-modal corridor. Now all we need to work on is some dedicated transit to serve this area better!
For more information about 3300 E 1st Ave, click here.
Fitwall Finds Success at 2785 Speer
DENVER, April 2016 —- Mixed-use development at 2785 Speer in the Jefferson Park neighborhood is a proven success for new retail tenant Fitwall.
Fitwall has seen tremendous success in their first few weeks of operation and has far exceeded their new membership projections. A boutique fitness concept that started in La Jolla, California, this is Fitwall’s first Colorado location. They plan on expanding throughout the Denver Metro Area in the future. Fitwall owner/operator Megan Busby explains “with Fitwall being a new concept in Colorado, we knew it would take time and effort to gain a following here, however we’ve outpaced our goals and cannot wait to bring Fitwall to other neighborhoods in Denver.”
Located in the Jefferson Park neighborhood, the area has seen significant growth and development over the past few years. More than 2,500 new units are currently under construction or will be under construction by 2017 in the immediate trade area. “The visibility and exposure of 2785 Speer has helped Fitwall get our name and concept out into the community we are trying to reach. Locating in Jefferson Park has proven to be beneficial to us due to the growth and excitement happening in the neighborhood.”
In addition to retail space, 2785 Speer has 332 apartments on site. The site has proven to be a desirable place to live, with new residents moving in each day looking to take advantage of the close proximity to downtown, Union Station and the easy access to I-25. The site is a perfect opportunity for a new restaurant to cater to the on-site residents as well as the rapid development taking place in the neighborhood.
In the past few years neighborhoods like LoHi and Berkley have blossomed into restaurant meccas, and Jefferson Park is following closely behind their lead.
About Crosbie Real Estate Group
Crosbie Real Estate Group, LLC is an established retail real estate brokerage and property management company based in Denver, Colorado.