OZ plays big part in Cherry Creek North Building Boom

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OZ Architecture is playing a major role in the building boom currently underway in the Cherry Creek North area in Denver, Colorado.

With a half dozen new projects under construction, or in the last stages of planning, Colorado’s Cherry Creek North District is experiencing its largest building boom in decades.  Already a premier shopping district, the Cherry Creek area is looking to expand its resume so the area will be considered one of the top office and residential districts in Colorado as well.  Though the recent recession halted growth in the area for some time, projects such as Clayton Lane and NorthCreek helped lay the foundation for new developments, such as OZ’s Project, 250 Columbine.  Owned by Western Development Group and designed by OZ Architecture, 250 Columbine is a $100 million dollar mixed-use project that broke ground in August 2013 and will be completed in 2015.  The 250 Columbine project is located between 2nd and 3rd Avenue on Columbine Street, and like many of these new developments, is a compilation of several small parcels of land.

Western Development Group, also the owner of NorthCreek, teamed with PCL Construction and OZ Architecture to work closely with several local neighborhood organizations and Colorado governmental agencies to prepare a project that would fit within the existing context of Cherry Creek North.  Western Development successfully gained final approval from the City Council earlier this year for a two building design that will include office, retail, and 70 for-sale condominium units.  During a pre-sale period of less than two weeks in late November, twenty-five percent of the condominiums sold and the remaining units were taken off the market until next summer.  The positive response during the pre-sale period for 250 Columbine is considered by some to signify the beginning of an increased demand in condominium market.

Sources and Other Press:

http://insiderealestatenews.com/2013/12/06/cherry-creek-north-condo-pre-sales-fly-off-shelf/

http://www.denverpost.com/business/ci_24679007/denvers-cherry-creek-north-realizing-development-boom?IADID=Search-www.denverpost.com-www.denverpost.com

http://250columbineblog.com/press-media/

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