Demolition has begun at Cherry Creek West, a 13-acre mixed-use redevelopment project designed to reconnect the Cherry Creek neighborhood and shopping center to the creek.
Demolition is expected to wrap up by the end of summer and includes the former Elway’s, Brio and Container Store building and the building that once housed Macy’s Furniture and Boulder Running Co., Denver-based real estate and community developer and its private equity partner , announced Thursday.
Road and utilities work, above-ground construction and creek improvements are expected to continue until late 2027, with the first building on the site being completed in summer 2029.
The former Bed Bath & Beyond building, at 2500 E. 1st Ave., will remain on the site as a temporary construction office for phase one of the project.
“After years of planning and preparation, Cherry Creek West is moving from vision to reality with work beginning at the site,” said Amy Cara, managing partner at East West Partners.
“This is just the first step toward delivering our vision with the first three buildings and the most meaningful of the public spaces and connections coming to life by the end of 2029.”
Site work and future construction are being conducted by construction manager and general contractor Mortenson and Saunders.
Cherry Creek West will span four city blocks, from University Boulevard to Clayton Lane and from First Avenue to the Cherry Creek waterway.
Phase one of the project includes about 400 residences, 200,000 square feet of office space and 50,000 square feet of retail.
When fully built, Cherry Creek West is expected to feature seven total buildings, approximately 840 residences, 600,000 square feet of office space and 100,000 square feet of retail, along with more than 2,000 underground parking spaces.
Developers say the project, which is is expected to cost over $1 billion, will mark the next chapter for Cherry Creek by connecting and completing the neighborhood, embracing the creek and highlighting outdoor spaces with new open areas.
“We know there is a lot of interest in this project, and we look forward to sharing updates as Cherry Creek West begins to take shape,” Cara said.
Since 1986, East West Partners has developed and sold over $7 billion of residential and commercial real estate across the country. A few of the firm’s include the Union Station neighborhood, Riverfront Park and The Triangle Building.
