The Broe Group Launches Phase Two of its $200 Million Cherry Creek North Development
The Broe Group, the multi-billion-dollar Colorado-based investment company, is beginning phase two of its $200 million Cherry Creek North redevelopment.
After fully leasing phase one of their most recent development, 200 Clayton, The Broe Group's second phase brings Cherry Creek North's largest office floorplates to market. Founded in 1972 by industrialist Pat Broe, The Broe Group's local investments remain a material component of its national portfolio. With the new 250 Clayton project, Broe's Cherry Creek area holdings will exceed $1.5 billion.
"We continue to invest in our home market and see strong sustained demand for what has become Denver's top urban market," said Broe Real Estate Group CEO Douglas Wells. "250 Clayton will deliver an unrivaled tenant experience that will redefine Cherry Creek office space."
250 Clayton will be the new headquarters for The Broe Group, Broe Real Estate Group, and OmniTRAX. The collective commitment from The Broe Group's core portfolio companies comprises 24% of the new development.
"For five decades and three generations, The Broe Group and the Broe family have called Cherry Creek home," said Broe Family Board Member Brianna Broe. "We truly believe Cherry Creek is a special place, and we feel a shared responsibility to our community. We have taken great care to create a high-quality project that adds to Cherry Creek's well-earned reputation and inspires what's to come."
250 Clayton Office Building Size and Amenities in Cherry Creek North
250 Clayton will be an eight floor, 175,000 SF Class A development that includes 10,000 SF of high-end ground floor retail within Denver's most dynamic office and retail submarket. The Beck design-build project features 25,000 to 30,000 SF floorplates, a dedicated drive through visitor entry, and floor-to-ceiling windows to capture Cherry Creek's vibrant energy. A highly amenitized package tenant features, outdoor spaces, building lounge, and multiple rooftop features will be constructed with market-leading sustainability and energy principles that all exceed City of Denver code. The Broe Group's Legacy Portfolio includes award-winning developments like 200 Clayton, Country Club Towers, and The Seasons of Cherry Creek.
The Broe Group's Anticipated Cherry Creek North Redevelopment Completion Date
Construction completion is projected for Q2 2028. In preparation for site demolition, relocation plans to move OmniTRAX from 252 Clayton and Broe Real Estate and The Broe Group from 216 Clayton to temporary offices in 50 S. Steele are underway. Tenant relocation is projected to be complete by year's end with demolition set to begin in January.
