The first set of renderings are in for the redevelopment of Clayton Lane.
A half-dozen images showing the proposed future of the mixed-use project in Cherry Creek were included in a large development review document submitted to the city in late September. Denver-based Tryba Architects is desinging the project.
Clayton Lane has been eyed for redevelopment for years, largely because of its vacant former Sears building along 1st Avenue. Earlier this year, owner Invesco brought on Denver-based BMC Investments and Los Angeles-based Prism Places to create the property’s next chapter.
Plans call for the former Sears to be demolished and replaced with an approximately 480-unit apartment building with ground-floor retail. The firms also want to demolish the Crate & Barrel building at 101 Clayton Lane and construct a new retail building, although BMC CEO Matt Joblon said he’s still in talks with the retailer.
“In all outcomes, they will be staying in the project,” Joblon said of Crate & Barrel.
The existing retail spaces in the condo building at the corner of Clayton and 2nd Avenue, and the parking garage building along 2nd Avenue, would also be renovated.
The redevelopment won’t affect the Whole Foods at the western end of Clayton Lane, or the portion of the project east of Clayton Lane.
Joblon said the changes will result in about 130,000 square feet of retail space. No leases have been signed. He expects about 30,000 square feet to be used by restaurants, 25,000 by furniture companies and 45,000 by other retailers.
Joblon said a premier fitness brand will likely take 30,000 square feet. He declined to identify the company, but the gym chain Equinox was previously going to take space in a different BMC project in Cherry Creek. When the firm opted not to proceed with that location, Joblon told BusinessDen he was working to incorporate Equinox into a future project in the neighborhood.
Joblon said he and his partners hope to begin utility and abatement work early next year, and be fully underway on the redevelopment effort by Oct. 1.
The planned redevelopment affects the area outlined in red on this map. (Courtesy BMC Investments)
The first set of renderings are in for the redevelopment of Clayton Lane.
A half-dozen images showing the proposed future of the mixed-use project in Cherry Creek were included in a large development review document submitted to the city in late September. Denver-based Tryba Architects is desinging the project.
Clayton Lane has been eyed for redevelopment for years, largely because of its vacant former Sears building along 1st Avenue. Earlier this year, owner Invesco brought on Denver-based BMC Investments and Los Angeles-based Prism Places to create the property’s next chapter.
Plans call for the former Sears to be demolished and replaced with an approximately 480-unit apartment building with ground-floor retail. The firms also want to demolish the Crate & Barrel building at 101 Clayton Lane and construct a new retail building, although BMC CEO Matt Joblon said he’s still in talks with the retailer.
“In all outcomes, they will be staying in the project,” Joblon said of Crate & Barrel.
The existing retail spaces in the condo building at the corner of Clayton and 2nd Avenue, and the parking garage building along 2nd Avenue, would also be renovated.
The redevelopment won’t affect the Whole Foods at the western end of Clayton Lane, or the portion of the project east of Clayton Lane.
Joblon said the changes will result in about 130,000 square feet of retail space. No leases have been signed. He expects about 30,000 square feet to be used by restaurants, 25,000 by furniture companies and 45,000 by other retailers.
Joblon said a premier fitness brand will likely take 30,000 square feet. He declined to identify the company, but the gym chain Equinox was previously going to take space in a different BMC project in Cherry Creek. When the firm opted not to proceed with that location, Joblon told BusinessDen he was working to incorporate Equinox into a future project in the neighborhood.
Joblon said he and his partners hope to begin utility and abatement work early next year, and be fully underway on the redevelopment effort by Oct. 1.
The planned redevelopment affects the area outlined in red on this map. (Courtesy BMC Investments)
