APRIL 20-MAY 3, 2016
by John Rebchook
San Diego-based Oliver-
McMillan made a big splash
when it recently paid almost
$170 million for Clayton
Lane, the western gateway
to Cherry Creek.
OliverMcMillan, which
purchased the 5.4-acre prop-
erty in a partnership with
Invesco Real Estate, plans to
redevelop the high-profile
parcel.
The site is anchored by a
Whole Foods, a Crate & Bar-
rel and includes the vacant
Sears building, which is bor-
dered by University Bou-
levard, First and Second
avenues and Clayton Street.
“It’s a fabulous location,”
said Eric Buchanan, a senior
marketing director at Oli-
verMcMillan.
“From a location stand-
point, this really is a no-
brainer,” Buchanan said.
“Our first question always
is, ‘Do we like the real
estate?’ And we absolutely
love the real estate.”
He also is a fan of Clayton
Lane’s neighborhood.
“We love the entire Cher-
ry Creek and Cherry Creek
North area,” Buchanan said.
“It really is not only the pre-
mier retail center in Denver,
but in the entire country,”
Buchanan said.
Clayton Lane’s and Cher-
ry Creek’s appeal only will
be enhanced by the rede-
velopment, he said, which
will include retail and apart-
ments.
“We really hope to add to
the fabric of Cherry Creek
North. That will be mutual-
ly beneficial to us and to the
entire area,” Buchanan said.
While development plans
are in an early stage, he puts
together what he considers a
crackerjack design team.
“I know you are famil-
iar with David Tryba and
we have hired his firm,”
Clayton Lane already is home to a number of high-end retailers, a trend that is expected to accelerate
with the new owner.
by Jill Jamieson-Nichols
Trammell Crow Co. and
Clarion Partners would be
hard-pressed to find a bet-
ter site on Platte Street for
their new 210,732-square-foot
speculative office building,
Riverview at 1700 Platte.
Like the adjacent Denver
Union Station area, the Platte
Street neighborhood is just
about out of land – and cer-
tainly for a development the
scale of Riverview.
The Class Abuilding will be
the largest new office build-
ing to be built in the neigh-
borhood, occupying the last
site with South Platte River
frontage.
“Our property is the only
large property left on the
river. It’s pretty unique from
that standpoint,” said Tram-
mell Crow Senior Managing
Director Bill Mosher.
Mosher sees the busy little
Platte Street neighborhood as
an extension of downtown,
actually closer to Denver
Union Station than parts of
the central business district.
“During the past 18months,
the Platte Street micromarket
has gained enthusiastic accep-
tance as a legitimate extension
of the Denver Union Station
and CBD markets,” he said.
“In addition to the neigh-
borhood ambience of Platte
Street, the impressive growth
in the area abutting Denver
Union Station, LoHi and the
Highlands residential neigh-
borhoods has turned this area
into a highly desired environ-
ment. New Class A construc-
tion in this authentic pedes-
trian neighborhood is a truly
viable alternative for tenants
which prioritize a culture that
is attractive to top-notch tal-
ent.”
Riverview at 1700 Platte,
which will break ground this
month and be completed by
the end of 2017, is a four-
and five-story office building
with 9,309 sf of street retail.
It will have red brick on the
west, south and north exte-
riors to tie into the historic
fabric of Platte Street, while
the east facade will feature a
glass curtain wall to capture
dramatic views of the down-
town skyline. The building’s
two wings will be connected
by what is being called the
“Link” building with elevator
cores serving both wings.
Suitable for single- or mul-
tiple-tenant occupancy, it will
include a fitness center, five
riverside balconieswith unob-
structed downtown views
and an outdoor courtyard on
the second level with direct
access to the South Platte
River Park. It is designed to
achieve LEED certification
Riverview’s courtyard will offer direct access to the South Platte River Park.
Inside
CONTENTS
Multifamily
6
Office
10
Retail
13
Self-Storage
15
