Cherry Creek is buzzing with construction right now, and it’s not just one project — it’s a full-on transformation happening in 2025. If you’ve driven through the area recently, you’ve probably noticed cranes, fencing, and a few familiar buildings now missing. This isn’t just a refresh. It’s a reimagination of what Cherry Creek can be: more walkable, more livable, and more connected.
Here’s a quick breakdown of the construction happening in Cherry Creek right now and what’s on the horizon.
The Old Sears and Crate & Barrel Site: Cherry Lane
One of the biggest changes is happening at the former Sears and Crate & Barrel site. Demolition is fully underway as of spring 2025, clearing the way for a new mixed-use development called Cherry Lane. This project will include:
- 379 new apartments
- 59,000 square feet of office space
- 132,000 square feet of retail, restaurants, and rooftop spaces
Cherry Lane is designed to be a central gathering space, combining high-end retail and restaurants with public plazas, fitness spaces, and rooftop views. This isn’t just a place to live or work — it’s meant to be a community hub for residents and visitors alike.
Cherry Creek West: From Parking Lots to Urban Plazas
West of the main shopping district, the 13-acre Cherry Creek West project is also moving forward. The plan is to turn existing surface parking into a dense, walkable area with creek access, restaurants, shops, office buildings, and public gathering spaces.
The construction team — a partnership between Mortenson and Saunders — is aiming to begin demolition in early 2026. Construction will be phased over several years with estimated completion in 2029.
New Office Space at 3250 E. 2nd Avenue
A new 100,000-square-foot office building is now under construction at 3250 E. 2nd Avenue. What makes this one stand out is the culinary connection. The Boka Restaurant Group — led by Michelin-starred chef Brian Lockwood — will anchor the building with ground-floor and rooftop dining options. As of now, the building is already 80 percent leased.
Infill and Smaller Projects Bringing Density
The Cherry Creek North neighborhood is also seeing a wave of infill development. A few notable examples include:
- 250 Clayton Street, an 8-story, 175,000-square-foot office project with ground-floor retail, aiming for completion in early 2026
- 242 Milwaukee, a 7-story mixed-use project with office and retail
- A residential and retail mid-rise at 3rd and Milwaukee
- Several smaller condo and boutique office buildings going up between 2nd and 3rd Avenues
Why All This Development Is Happening Now
Cherry Creek’s vacancy rates are far below those in downtown Denver. Office vacancy in Cherry Creek hovers around 8.5 percent compared to downtown Denver’s 23 percent. Retail spaces continue to pre-lease quickly, and the area is still considered one of the most walkable, amenity-rich districts in the metro area.
Add to that: the demand for more housing close to walkable shopping, restaurants, and recreation. New buildings are aiming to meet that demand while also elevating the experience of being in Cherry Creek — with better connectivity to the trail system, more green spaces, and modern urban design.
What This Means for Buyers, Renters, and Investors
If you’re thinking about living, working, or investing in Cherry Creek, the next few years will bring some real opportunities — and some challenges too. Construction zones are going to stick around for a while. But what’s being built is high-quality, thoughtfully designed, and intentionally placed.
The mix of residential, office, and retail coming online in the next 24 to 36 months will create a neighborhood that feels more like an urban village than a shopping destination. It’s a big shift, and it’s already underway.