Development Growth in Cherry Creek

by Councilman Wayne New, District 10

Viewing the incredible development growth in the Cherry Creek area is truly amazing. So far, 12 development proj- ects have been completed (see full list at countryclubhistoric.org). As an ex- ample, Columbine Street has been trans- formed with the new Halcyon Hotel, the luxury condos at 250 Columbine, and the new restaurants and retail stores. The new Restoration Hardware at the Cherry Creek Shopping Center is only the third branded store of its type in the nation. New apartment projects have been com- pleted, bringing in more customers for the Cherry Creek BID and Shopping Center businesses.

In process of development, there are seven total projects with two additional hotels, four apartment buildings, and two office structures. In the plan- ning stage is the largest project – the re- development of the Sears/Whole Foods property between 1st and 2nd Avenues on University with an expanded Whole Foods, apartment buildings, office space, and a new Columbine Street connection between 1st and 2nd Avenues. In addition, future planned projects indicate more residential growth with one condominium and two apartment projects and additional office space. Additional unde- fined projects are on the drawing board. To residents who are concerned about traffic congestion and demands for more parking, keep this in mind: when the CCN BID zoning was com pleted, the professional parking and traf- fic analyses funded by the CCNNA and CCH neighborhoods indicated that if the total BID future development was at least 50% residential, then the onsite building parking and resulting traffic could be managed. Presently, this report indicates that over 50% of the develop- ment is residential. The area of concern is still the BID west side at Josephine and University with its traffic light timing, one way and minimal lane streets, and development activity.

Working together, efforts can be made to minimize the congestion, cut- through traffic, and on street parking limiitations in order to enjoy the new retail shops, restaurants, and other businesses.

Cherry Creek Area Development Overview

Source: Cherry Creek Chamber of Commerce, as of 10/16