Cherry Creek North
Description
Once a quiet residential enclave, Cherry Creek has transformed into Denver’s go-to luxury shopping district. Located just southeast of downtown, the neighborhood is landlocked by Cherry Creek North, a walkable district lined with designer boutiques and flagship stores, and Cherry Creek Shopping Cent
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street Details
Annual foot traffic
500,000 people/year
Daily vehicle traffic
15,000 vehicles/day
Population
25,000 people within
Day time population
35,000 people within
Household income (median)
$75,000.00 annually
Age (average)
> 35 years old within
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Sample Space 1
1000 SF
Suitable for retail, restaurant, office
Sample Space 2
1500 SF
Suitable for retail, restaurant, office
Sample Space 3
2000 SF
Suitable for retail, restaurant, office
Denver’s Cherry Creek North is set for a significant redevelopment, as BMC Investments, in partnership with Prism Places and Invesco Real Estate, moves forward with Cherry Lane, a mixed-use luxury development at 1st Avenue and Clayton Lane.
The project will replace the long-vacant Sears department store and Crate & Barrel buildings, making way for a high-end retail and residential destination featuring 379 apartments, 59,000 square feet of office space, and 132,000 square feet of ground-floor luxury retail. A rooftop space will also be available for lease, and the area’s parking garage will undergo a major renovation.
Developers have already secured strong interest from top luxury brands, with the retail experience designed to rival New York’s Fifth Avenue and Beverly Hills’ Rodeo Drive. The project aims to create a bustling, walkable shopping district with boutiques, restaurants, cafes, and entertainment that seamlessly integrates with the broader Cherry Creek North community.
Cherry Lane is expected to complement the upcoming Cherry Creek West project, which will transform the parking lots of Cherry Creek Shopping Center into an urban neighborhood with residential, office, and retail spaces.
The first phase of Cherry Lane is set for completion in October 2027, with a second phase planned to bring additional luxury apartments and boutique retail spaces. Developers acknowledge the potential traffic disruptions but plan to engage the community proactively throughout the process.
Little Man Ice Cream Co. to open at Cherry Creek North, Denver
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Local Expert Analysis
Market Metrics and Leasing Trends
Cherry Creek is Colorado’s top-performing retail submarket, rivaled only by Denver’s RiNo district in leasing demand. Luxury brands, national retailers, and home decor specialists dominate the landscape – marking it as a high-priority market for flagship locations. Leasing activity is always ebullient, with rental rates ranging from $100 to $150 per square foot. Major redevelopment projects like Cherry Creek West and Cherry Lane are elevating the district – adding new luxury retail, office space, and residential units to an already rich ecosystem.
Customer Demographics and Foot Traffic
Cherry Creek attracts a high-spending, brand-loyal clientele – one tha