A new phase of the $200 million Cherry Creek North redevelopment is underway, as construction begins on 250 Clayton, an eight-story, 175,000-square-foot building featuring 10,000 square feet of ground-floor retail.
The work begins on the project after nearly three years on hold.
“We continue to invest in our home market and see strong sustained demand for what has become Denver’s top urban market,” said Douglas Wells, CEO of Broe Real Estate Group, developer of both 250 Clayton and the first phase of the development, 200 Clayton.
“250 Clayton will deliver an unrivaled tenant experience that will redefine Cherry Creek office space.”
250 Clayton will be the new headquarters for The Broe Group, Broe Real Estate Group and OmniTRAX. The collective commitment from The Broe Group companies comprises 24% of the new development.
Designed by The Beck Group, the building will offer 25,000- to 30,000-square-foot floor plans, floor-to-ceiling windows and a dedicated drive-through entry for visitors.
Planned amenities include outdoor gathering areas, a ground-floor tenant lounge, a rooftop terrace, private terraces on floors five through seven, bike storage, a fitness center with showers and lockers and a four-level parking garage, according to the project’s website.
Relocation plans are underway to move OmniTRAX from 252 Clayton St. and Broe Real Estate and The Broe Group from 216 Clayton St. to temporary offices at 50 S. Steele St. in preparation for site demolition.
Tenant relocations are expected to be completed by the end of the year, with demolition set to begin in January.
Construction is estimated to be completed in the second quarter of 2028.
“For five decades and three generations, The Broe Group and the Broe family have called Cherry Creek home,” said Broe Family board member Brianna Broe.
“We truly believe Cherry Creek is a special place, and we feel a shared responsibility to our community. We have taken great care to create a high-quality project that adds to Cherry Creek’s well-earned reputation and inspires what’s to come.”
Founded in 1972 by industrialist Pat Broe, The Broe Group is a multi-billion-dollar Colorado-based investment company.
The Broe Group’s portfolio includes developments like 200 Clayton, Country Club Towers and The Seasons of Cherry Creek. With the new 250 Clayton project, Broe’s Cherry Creek area holdings will exceed $1.5 billion.
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