310 Steele & 3201 E. 3rd Ave. – Cherry Creek North. Existing commercial two-story retail/office building with surface parking. Premier site in Cherry Creek North provides redevelopment upside potential. Premium location in Cherry Creek North with In-place income and extraordinary development potential considering the recent rezoning for sites located within the BID. Situated in prestigious and vibrant Cherry Creek North and is within the Cherry Creek North Business Improvement District (“BID”), the most affluent shopping and residential neighborhood in Denver, Colorado.
Cherry Creek North has long been regarded as the premier retail destination in the Denver Area and with its recent transformation is now a true mixed use location attracting an increasingly affluent population for its live, work and play appeal in addition to the upscale retail experience. Cherry Creek’s current development projects are transforming the shopping district in particular with an influx of new residential, office, retail, and hotel projects. The current development projects alone will contribute approximately 1,500 new residences to Cherry Creek and an approximate 60% increase in office space and a 40% increase in retail inventory and an escalating prosperity with an exponential influx of highly educated and young professionals. Cherry Creek’s allure to the most desirable of this demographic population in terms of household income is well beyond a retail destination incorporating a life quality that will continue to fuel Cherry Creek’s growth and popularity resulting increasing demand. Location, Location, Location, the property that fits all the requirements of desirability in Denver.