Denver

Broe looks to replace Cherry Creek office building with residential project – The Denver Post – Denver, Colorado

Denver, Colorado 2021-09-17 08:00:56 –

Broe Real Estate Group recently started construction on a new office building at Cherry Creek.

We are currently considering the possibility of demolishing an existing building about 0.5 miles away and building a housing project there.

A division of The Broe Group based in Denver, the company is located on a 1.4-acre site opposite the eastern end of Cherry Creek Shopping Center, 50 S. Steele St. Requested the city to rezoning its real estate.

It has a 10-story office building built in 1973 and a large parking lot. However, Blow is asking the city to increase zoning to the C-MX-12. This allows for structures of up to 12 stories.

“Applicants are requesting property rezoning to facilitate mixed-use redevelopment of the site. Their tentative plan is mixed-use with ground floor retail stores and residential units. Is to build a building in the city, “a document created by city officials.

The Denver Planning Committee recommended approval of the request on Wednesday afternoon, with all seven members voting in favor. The problem now goes to the city council.

According to property records, Blow has been at least 50 S. Steele St since the 1990s. I own the property.

At the top of the building is the Keller Williams Integrity Real Estate and Law Firm Riggs Abney sign. Other tenants include Nova Home Loans and Sonder Centers.

In its rezoning application, the company began talking to the surrounding community about possible changes in 2019 and 2020, saying it resumed those efforts this year “after a brief pandemic-related break.”

“Strengthening the surrounding cityscape and pedestrian network is just a few examples of stakeholder-led feedback to enhance the development impact on neighboring structures,” the company writes.

The application notes that some nearby structures are on the 12th floor and above. However, the property just north is zoned to just five floors.

Denver developers do not currently need to incorporate income-restricted units into their new housing projects, but they are subject to change soon. However, according to a document produced by city officials, Blow has agreed to voluntarily limit 12.5% ​​of the site’s new housing project units to units that account for up to 80% of the region’s median revenue.

Thomas Gounley, Business Den

At the top of the building is the Keller Williams Integrity Real Estate and Law Firm Riggs Abney sign.

According to the document, Blow plans a project of about 480 units, which means there are about 60 income-restricting units. The project development plan has not yet been submitted to the city for review.

Broe looks to replace Cherry Creek office building with residential project – The Denver Post Source link Broe looks to replace Cherry Creek office building with residential project – The Denver Post

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