Crate & Barrel closes in Cherry Creek ahead of redevelopment

Crate & Barrel has closed its store in Cherry Creek.

The furniture and home decor retailer’s store at 101 Clayton Lane shuttered this month.

“Thank you for the last 25 years, Cherry Creek! We hope to be back again soon,” a note on the store’s doors reads.

Illinois-based Crate & Barrel did not respond to a request for comment on the closure. But the store sits within the mixed-use Clayton Lane project, which is set to be redeveloped by real estate giant Invesco in conjunction with Los Angeles-based Prism Places and Denver-based BMC Investments.

A key part of that redevelopment will involve demolishing the vacant Sears that sits behind Crate & Barrel, and constructing an apartment building with ground-floor retail in its place. But it will also include building a new structure where Crate & Barrel currently sits.

BMC CEO Matt Joblon previously told BusinessDen his firm was in talks with Crate & Barrel, which was in the middle of a lease. He said Tuesday the parties reached a deal in the fall.

“That’s been the plan all along,” he said of the closure. “It’s part of our entire redevelopment, which will commence shortly.”

As part of the redevelopment, which last year added a planned second phase, the project will be rebranded as Cherry Lane.