BMC Investments, in partnership with Prism Places, and Invesco Real Estate, is set to start construction on Cherry Lane. The partnership closed on debt financing for construction, provided by Bank OZK, for phase one of the Cherry Lane redevelopment.
Cherry Lane’s construction will involve demolishing the vacant Sears store and Crate & Barrel building and converting the service alley and parking garage into a mixed-use development for the Cherry Creek North submarket.
Cherry Lane will comprise 379 multifamily units, 59,063 square feet of office space, and 132,665 square feet of ground-floor, second-floor mezzanine and rooftop retail and restaurant spaces.
Abatement activities are underway at the site, bounded by Clayton Lane and First and Second Avenues, where the demolition of the Sears building will start this month.
Tryba Architects designed Cherry Lane, which is being built by PCL Construction. Michael Hsu Office of Architecture provides retail interior and exterior design services.
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