Cherry Creek, one of the premier neighbourhoods in Denver looks set to receive a new 12-story luxury apartment complex after the Denver-based BMC Investments purchased a one-acre site on a prime piece of land within the Cherry Creek area.
This is great news for buyers looking to secure an apartment in a wonderful Denver neighbourhood, with its tree lined streets and central location. Located opposite Cherry Creek Mall, the $80 million project will have 250 apartments whilst also featuring 16,000 sq ft of retail space.
BMC outbid the competition with over 40 other groups vying to secure the piece of land which indicated just how desirable a place it should be to live. Because of its location, the project will have a significant effect on Cherry Creek and therefore should be carefully designed to ensure a spectacular development.
The purchase price has not yet been disclosed as site plan approval is still pending. However, it is hoped groundbreaking will commence in 9-12 months time. This is a great development for the Cherry Creek area and Denver in general and offers excellent opportunities for buyers looking to buy luxury apartments in the Denver area.
We look forward to helping our clients secure one of these perfectly-placed apartments over the coming months. For more information, please call Aaron on 303 417-6350