BMC Investments and partners have announced plans for the second phase of a development in Denver’s Cherry Creek neighborhood, a real estate hot spot in the area’s market.
BMS Investments and its partners have announced the second phase of its project called Cherry Lane in Denver’s Cherry Creek North neighborhood. Both phases will include new multifamily housing and retail., a Los Angeles-based investment firm, said Monday that they have formed a second partnership with Invesco Real Estate, a global real estate investment manager, on Phase II of the Clayton Lane project, now called Cherry Lane.
Construction on Cherry Lane’s first phase is scheduled to begin in December and is expected to take 24 months. Work on the second part won’t start until the second phase is finished. Part two is expected to be completed in late 2028. “The second phase gives us the ability to connect three city blocks within Cherry Creek North,” said Stenn Parton, founder and CEO of Prism Places.
Mayor Mike Johnston says he’s trying to keep Denver from becoming San Francisco: “The stakes feel so high”
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