Cherry Creek corner development plans shift from office to residential

A proposed five-story residential building would replace the 7,755-square-foot vacant office building at 3250 E. 2nd Ave. (BusinessDen file photos)

Another developer is nixing a planned office project in favor of a residential building — this time in Cherry Creek.

A concept plan submitted to the city in late April calls for a five-story, 22-unit project for 3250 E. 2nd Ave., the southwest corner of 2nd Avenue and Adams Street.

The 0.29-acre site is owned by DZMK 2nd and Adams LLC, an entity affiliated with Blair Richardson, the CEO of Denver-based Bow River Capital. It paid $6.8 million for the site — currently home to a two-story office building and small residential building — in July 2019.

Richardson, who didn’t respond to a request for comment, proposed a five-story office building at the site in early 2020.

The home behind the office building at 3250 E. 2nd Ave.

The proposed residential building would have two levels of underground parking, with 42 total spaces. Residential units would begin on the first floor. The plans don’t specify whether the units would be rented or sold.

As with the office building, 4240 Architecture is the architect listed on project plans. Wells Partnership is the construction manager.

This is the second time in a week that redevelopment plans for a site in Denver are changing from office to residential. The other site is 955 Bannock St. in the Golden Triangle, where Denver-based Alpine Investments just proposed a 12-story apartment building.

Office leasing has been slow since the coronavirus pandemic began. But Cherry Creek will have a new office building soon, when Denver-based BMC Investments, led by Matt Joblon, completes its six-story project at 240 St. Paul St.

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