Colorado-Real-Estate-Journal_300891

Page 6 - September 7-20, 2022 www.crej.com Office With a large and sophisticated construction practice, our attorneys regularly handle matters in the mountain west and across much of the country, from the routine to the highly complex. EXCELLENCE INCONSTRUCTION LAW Contact: Timothy Gordon 303.295.8173 tgordon@hollandhart.com 555 17th Street, Suite 3200 Denver, CO 80202 hollandhart.com BDO Denver 303 E. 17th Avenue, Suite 600 Denver, CO 80203 303-830-1120 Accountants and Advisors www.bdo.com © 2021 BDO USA, LLP. All rights reserved. What’s Next? Business resilience is being tested daily. At BDO, our team of experienced professionals provides the knowledge and proactive guidance necessary to overcome the evolving challenges construction facing companies of every size. From ever-changing tax and reporting regulations, unstable surety and banking markets, to labor issues and unrelenting competition, we’re here to help the clients we serve, wherever they do business. www.bdo.com/construction by Jenna Walters DENVER– EastWest Partners hosted its first community infor- mation meeting for Cherry Creek West, a $1 billionmixed-use rede- velopment of the land immedi- ately west of Cherry Creek Shop- ping Center in Denver’s Cherry Creek neighborhood. During the Aug. 10 informa- tion meeting, a part of East West Partners’ Large Development Review process with the city of Denver, the developer presented updates on Cherry Creek West. The project, set to span 13 acres bounded by University Boule- vard, Clayton Street, First Ave- nue and the Cherry Creek water- way, originally was announced late last year. Upon completion, Cherry Creek West will comprise several buildings totaling an estimated 1.4 million to 1.5 million square feet. While exact site plans are not finalized, Amy Cara of East West Partners said the redevelopment is imagined to include four build- ings consisting of approximate- ly 750,000 sf of office space, 600 residential units across three buildings, and 90,000 sf of ground-floor retail and res- taurant space throughout. Senior housing and hospitality uses also are on the table. Additionally, an expansive outdoor green area and pedestrian walkways would allow for connectivity between the new development and exist- ing businesses and residences in Cherry Creek. Various under- ground parking options also are proposed. At this point in the planning process, East West Partners also has proposed to lower Cherry Creek North Drive below a flat 200-foot-wide landscape con- nection. This would seamlessly and safely connect pedestrians from the project’s green area to its southern edge along Cherry Creek Trail, the company said. Vehicles would be able to travel below the connection to enter parking at the development or at the existing garage parking at Cherry Creek Shopping Center. Following East West Partners’ project update at the informa- tion meeting, Denver’s city planning department provided its concerns about the proposed site plan. One main concern regarded the landscape connec- tion. While the city liked the idea of a pedestrian connection from the development to the creek, it questionedwhether the design of the landscape bridge would cre- ate a physical and visual barrier between the two, consequently not connecting the two as intend- ed. According to Cara, this concern and others brought forward at the information meeting will be addressed as the development process continues. The final step of LDR is submitting a frame- work document, in which East West Partners acknowledges areas of the project that need work in collaboration with the city. The LDR process is expected to wrap up by the end of this quarter, at which time East West Partners would begin work on the infrastructure site plan and rezoning. The site currently is under B-3 zoning. If all continues as planned, the first phase of construction of Cherry CreekWest could be com- plete in five years, with full build- out wrapping up in 10 years, Cara noted. Additional commu- nity informationmeetings will be held as the process continues. s East West Partners provides update on $1 billion project A rendering shows what Cherry Creek West could look like upon completion. A rendering gives a look at Cherry Creek West’s planned green area. Amy Cara

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