Western Development Group of Denver and Christian Anschutz are partnering on a $100 million mixed use project called 250 Columbine in Cherry Creek North. The project is schedule to break ground August 28^th 2013 and is the first large scale development since the Great Recession. Plans calls for 70 luxury condominiums, 80,000 square feet of high-end office space, 30,000 square feet of retail space with two levels of underground parking, totaling 300 spaces.  Expected delivery for the first condos will be first quarter of 2015 and the office space will be ready for tenant improvements at the end of 2014.  Julie Underdahl, president of the Cherry Creek North Business Improvement District (BID) attributed the redevelopment boom in part because of the BID”S 18.5 million infrastructure improvements that occurred over the last few years, including the Fillmore Plaza upgrades.  Cherry Creek is in the midst of a 250 million redevelopment boom with several projects coming online including:

• The Adolph Coors foundation headquarters, at Second Avenue and St. Paul Street, a 26,000 square foot office – retail building.
• 100 St. Paul, at 100 St. Paul Street is scheduled to break ground in September.  The 150,000 square foot building is developed by The Pauls Corp which will be occupied by First Bank.
• Zacalo Community Development Inc. also got rezoning approval from the Denver City Council to start construction on the 12-story apartment building at First Ave. and Steele Street.
• BMC Investments of Denver broke ground on the 12-story, 232 luxury apartment complex which is located across the street from Zacalo’s project.
• Denver City Council also approved a zoning change to the seven-story mixed use project at 245 Columbine.