Priciest unit in new Cherry Creek condo project tops June home sales

A penthouse unit in Laurel Cherry Creek sold last month for over $6 million. (Dawn Raymond)

The most expensive unit in Cherry Creek’s newest condo development sold last month, in the process locking down the title of June’s priciest Denver-area home sale.

The 4,760-square-foot penthouse unit, one of three on the top of the 12-story Laurel Cherry Creek building at 155 Steele St., sold in early June for $6.74 million.

The unit was originally listed in 2017 while the building was under construction at just over $7 million, but later dropped to $6.7 million.

The entity that purchased the penthouse, 155 Steele St LLC, was formed by Denver investment banker George A. Wiegers, per public records.

Laurel Cherry Creek has 71 condos. The building’s first residents began moving in this past April. Another penthouse unit sold that month for $5.44 million.

The project’s website indicates that 30 of the 71 units are still available for purchase, including a third 3,500-square-foot penthouse unit. Asking prices on remaining units range from $679,000 for a 930-square-foot unit on the third floor, to $4.99 million for a 3,500-square-foot unit on the 11th floor.

Laurel Cherry Creek was developed by The Pauls Corp, and designed by Johnson Nathan Strohe. Haselden Construction was the general contractor.

The penthouse takes up more than 4,000 square feet on the 12th floor of the building. (YouTube)

Address: 155 Steele St. #1215

List price: $6.7 million

Sale price: $6.74 million

Stats: The three-bed, three-bath penthouse takes up 4,760 square feet on the 12th floor of the Laurel in Cherry Creek. Two reserved, underground parking spaces are included in the purchase.

The finer things: The penthouse offers a private balcony with city and mountain views, three gas fireplaces, wide-plank hardwood flooring and double-pane windows. Each bedroom has an attached bathroom, and the unit also holds living and dining rooms, a storage closet, a laundry room and a built-in wet bar.

The Laurel development also has an attended lobby and reception lounge, as well as a rooftop entertainment deck complete with a saltwater pool, a summer kitchen with a pizza oven, outdoor grills and a firepit. Ground-level retail sits at the bottom of the 12-story building and three high-speed elevators provide access to the residences.

Buyer: 155 Steele St LLC, an entity formed by George A. Wiegers, according to public records. Wiegers is co-founder and partner at the private investment firm Wiegers Capital Partners.

Listing agents: Dawn Raymond of Kentwood Real Estate Cherry Creek

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