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Cherry Creek : Development News

13 Cherry Creek Articles | Page:

A very 2017 promotion: Cherry Creek shop will pay for Uber, Lyft

Massive construction projects in Cherry Creek North have made it difficult for holiday shoppers to find parking, so one creative business owner is taking matters into her own hands by offering to pay for customers to use UBER or Lyft to visit her gift shop.

Katie Friedland, owner of Show of Hands, an art gallery and gift shop that’s called Cherry Creek North home for 32 years, said she’s seen sales decline this year as shoppers steer clear of the area because of construction.

Even though Show of Hands has four of its own parking spots, to help save the holidays for all the small businesses in Cherry Creek North, the shop will pay anyone that presents a receipt for an UBER or Lyft ride into the area and spends $100 at the store, $20 in cash. Customers will receive $40 in cash if they spend $200 or more.

“While many people love finding one-of-a-kind gifts at the stores in Cherry Creek, because streets are closed and they can’t find parking, they are not visiting our store,” Friedland said. “I’m a single mom and small-business owner. While we support progress, the holiday season is critical to me and many of the retail stores in the area. After hearing complaints from customers and calculating current sales numbers, I realized we needed to get creative here. I though, if parking is the issue, then let’s pay for people to take an UBER or Lyft ride into the area to shop. Problem solved.”

Colorado Enterprise Fund to participate in CO Impact Days

Colorado Enterprise Fund is among the 100 social ventures seeking “impact investments” that was chosen to meet with investors at CO Impact Days Social Venture Showcase Nov. 17.

The 100 ventures will convene at the Ellie Caulkins Opera House for the second year of the “shark-tank for good” statewide marketplace for impact investing. The selected social ventures will showcase their investment opportunities to offer not only a financial return on the impact investor’s investment but also to offer solutions to some of the most pressing issues of our time.”

“We are so thrilled to again invite more than 200 investors and philanthropists to interact with these valuable social ventures,” says Dr. Stephanie Gripne, founder of the Impact Finance Center and creator of the CO Impact Days. “When these two groups of powerful movers and shakers share a room, there is no telling the good that will come. We’ve aimed to offer a diverse array of impact investments, with a goal that every investor will leave knowing that deal flow is not a Colorado impact investing problem.”

The goal of CO Impact Days is to catalyze $100 million in impact investments into Colorado social ventures in the next three years, and it is kicking off with CO Impact Days Nov. 15-17. The initiative is possible because Colorado is home to a number of national leaders in impact investing and a thriving and collaborative community of social venture entrepreneurs in both the for-profit and nonprofit sectors, as well as philanthropists and investors who are committed to growing Colorado’s economy and creating good jobs.

“Funding from these impact investors will enable us to serve more Colorado businesses, which in turn will ultimately advance economic opportunity and prosperity in our Colorado communities,” says Ceyl Prinster, president and CEO of Colorado Enterprise Fund.
 

Broker's buyer bonus: Helping to send a child to school in Uganda

Denver real estate broker Tenzin Gyaltsen is helping put Ugandan children through school one home sale at a time through a partnership with the S.O.U.L Foundation.

One child will be put through school for every home sale that’s over $300,000. It costs about $1,600 to put a child through all seven years of primary school.

“That gives them all of their school books and one meal per day,” said Gyaltsen, a broker associate with Coldwell Banker Residential Brokerage in Colorado. “It’s an added bonus to the house. It almost personifies it in a way.”

Gyaltsen, who formerly owned an eco-friendly clothing company, met representatives from S.O.U.L (Supporting Opportunities for Ugandans to Learn) at an event and fell in love with the organization. He had a desire to do something philanthropic, so he sponsored Rita Naigaga, the first of many students.

When he turned his attention to real estate he decided to expand his efforts by sponsoring a child with proceeds from every house he lists for more than $300,000.

Gyaltsen works with investors to buy houses, fix them up and resell them. When he has an upcoming listing he contacts S.O.U.L to pledge to sponsor a student, The organization then sends a child’s photo and bio, which will be framed and displayed in the house. If the new owners wish, the address of the newly sold home stays with the sponsorship, and all the letters and updates from the student are mailed to the house.

“Lack of education is one of the biggest problems in the world,” Gyaltsen said. “In this part of the world, most children don’t get an education. It’s important to equip children with knowledge so they can go out and better the world and their communities.”

Business loan program for veterans created

The Colorado Enterprise Fund has created a program for Colorado veterans and Gold Star family members who are interested in starting or growing a small business in the state.

Veteran Access Loan Opportunity Resource (VALOR) will provide discounted loan rates and extended terms for military veterans who are unable to secure financing through traditional banks.

Any honorable discharged U.S. military veteran or Gold Star family member who is a Colorado resident is eligible to apply for a VALOR loan of up to $500,000. Recipients will receive a 2 percent discount from standard Colorado Enterprise Fund rates and an origination fee of 1.5 percent. The loan term would be for up to 10 years with an interest-only period of up to six months.

The loans can be used for working capital, equipment, inventory, property improvements, business purchases and commercial real estate.

For more information, contact Senior Loan Office Mike Jensen, a U.S. Army veteran, at (720) 473-4068 or at mike@coloradoenterprisefund.org.

Founded in 1976, the Colorado Enterprise Fund is a non-profit lending institution that specializes in loans for small businesses and startups statewide that are unable to secure traditional bank financing. To date, the organization has has made more than 2,000 loans totaling $63 million to small businesses.

Gallery, boutique opens in Cherry Creek North

A new design gallery and women’s boutique has opened at the corner of Third and Detroit streets in Cherry Creek North.

BOLDI sells women’s apparel and art prints featuring exclusive patterns designed by founder Andrew Bermingham, as well as complementary lifestyle accessories.

“Inspired by the graphic rhythms found in nature and technology, BOLDI celebrates superlative patterns,” says Christina Sage Quigley, BOLDI’s vice president of marketing. “Andrew has always been captivated by recurring graphics in nature, science and technology. The BOLDI brand is his canvas.”

Bermingham is a Denver native and the founder and artist behind BOLDI. In addition to design, he has spent 27 years in the energy sector and currently serves as CEO of Montreux Energy.

The store is featuring the line’s spring 2018 collection inspired by the Amalfi Coast in the 1970s. The line has warm citrus shades contrasted by moody blues and sea greens.

The store at 280 Detroit St. is open from 11 a.m. to 6 p.m. Tuesday through Saturday and by appointment.
 

Brisk condo sales prompt end to project's first phase of sales

The Laurel Cherry Creek condominium project is selling so well that the development and sales team are ending the first phase of sales on Nov. 30, giving interested buyers a limited time to buy a residence at current pricing and the opportunity to select their own finishes.

A second phase of sales for the high-rise condos will be announced during the first quarter next year.

“The level of interest has not only been high for Laurel Cherry Creek, but so has the sales pace, which is the reason we’re going to suspend sales during the holidays and announce a re-release in 2018,” says Dawn Raymond of The Kentwood Co. and the exclusive listing broker for the project. “Interested buyers still have a few weeks to act and finalize their purchase. Otherwise, we expect to see a new rush of interest and sales when we commence our sales efforts early next year.”

Residences have private balconies or terraces with glass railings; natural gas BBQ service and hose bibs on the balconies; linear gas fireplaces; 10-foot, 8-inch ceilings throughout the living areas; porcelain tile flooring in all bathrooms and laundry; and looped-wool carpet in all bedrooms.

“We have designed and built Laurel Cherry Creek to be the preeminent residential address in Cherry Creek, where owners will enjoy upscale, maintenance-free living in one of the most sought-after neighborhoods in the United States,” says Paul Powers, president of Pauls Corp., which is developing the project.

Moxy hotel to open in Cherry Creek

Moxy Hotels is poised to open the brand’s first location in Cherry Creek.

Developed and owned by BMC Investments and managed by Vision Hospitality Group, Moxy Denver at 240 Josephine St. is steps away from restaurants and shops and just 10 minutes from downtown. The brand is part of Marriott.

“With its reputation as one of the most progressive cities, Denver embodies the essence of Moxy — fund, edgy and social,” says Vicki Poulos, senior global brand director for Moxy Hotels. “Business and leisure travelers will find a willing and able accomplice in Moxy Hotels to bend the rules of conventional hotel models, without worrying about disapproving stares from the crowd.”

The 170-room hotel will feature more than 3,000 square feet of communal spaces, ranging from quieter library/plug-in zones to the hotel’s buzzing bar. The bar, which will serve local beers and crafted cocktails alongside shareable finger fare, also doubles as the hotel’s physical check-in where guests are greeted with a complimentary Got Moxy cocktail upon arrival.

Moxy’s tech-enabled rooms feature keyless entry; motion-sensor lighting; internet TV featuring Netflix, YouTube, Hulu, Pandora, and Crackle; abundant power and USB outlets; and fast and free Wi-Fi.

Moxy guests enrolled in the award-winning Marriott Rewards loyalty program will be able to check in and out in advance and earn points during their stay that can be redeemed for flights, hotel accommodations and merchandise.

The real numbers: Center city neighborhoods add housing, but is it affordable?

Denver is on track to meet a goal set in 2007 to add 18,000 housing units in the city center by 2027.

The center city has seen an increase of 10,000 residential units since 2010, and another nearly 9,000 are under construction, according to the Downtown Denver Partnership’s Center City Housing report.

Even so, the units added have not been enough to keep housing costs affordable for some residents and workers.

“The Downtown Denver Partnership has advanced a variety of solutions to stem the impact of rising housing costs, ad we are focused on addressing the need for diversity in housing type and affordability to meet the needs for downtown’s workforce,” says Tami Door, president and CEO of the partnership. “While our residential and employee populations are growing at unprecedented rates, we must ensure companies can continue to attract and retain the employees they need to be successful, and affordable housing is a key part of the equation.”

The partnership has led several strategic housing initiatives, including advocating for construction defects reform, working with developers to add a variety of unit types and endorsing the creation of the first affordable housing fund in the City and County of Denver. The partnership also played a key role in moving the LIVE Denver program forward.

Other insights from the report include:
  • Denver’s center city neighborhoods are home to 79,367 residents and 130,227 employees
  • Since 2010, the center city has added 15,877 new residents and 33,065 new jobs
  • Denver is the fourth fastest growing city in the United States, and the demand to live in the center city is high, with the residential population tripling since 2000
  • Capitol Hill is the most populous center city neighborhood with a population of 17,142 residents
  • The Central Platte Valley neighborhood adjacent to Denver Union Station experienced the highest percentage of population growth since 2010
  • The Central Platte Valley neighborhood also added the most new units since 2010, totaling 5,669 units completed or under construction, more than 3,800 more units than the next busiest neighborhood for development, River North.

The Record Company to headline holiday concert benefitting public schools

The Grammy Award-nominated Los Angeles band The Record Company is headlining the fourth annual Sing It To Me Santa concert Dec. 9 at the Ogden Theatre.

The concert will benefit music education in Denver Public Schools through the newly formed nonprofit organization Take Note Colorado.

“I am honored and proud to announce that Sing It To Me Santa will become a signature event under Take Note Colorado,” says Karen Radman, executive director of Take Note Colorado. “And, that net proceeds from Sing It To Me Santa 2017 will benefit music education in Denver Public Schools.”

The Record Company is a Los Angeles-based rock trio whose 2016 debut album was nominated for a Grammy in the category of Best Contemporary Blues Album.

Tickets for the show are available at www.axs.com. General admission tickets are $25-30, and VIP tickets are $250. Doors open at 7 p.m., and the show starts at 8 p.m. For information on sponsorships for the show, contact Karen Radman at karen@takenotecolorado.org.

Denver-based vintage rock/funk/blues powerhouse Tracksuit Wedding will open the show, performing original new tracs from its just-released second album “Now or Never” — and some holiday favorites to celebrate the season. 

Take Note Colorado, chaired by Gov. John Hickenlooper and Isaac Slade of The Fray, is a new statewide initiative with a goal to provide access to musical instruments and instruction to all of Colorado’s K-12 students. Sing It To Me Santa is a benefit concert created in 2014 by Libby Anschutz.

Study will evaluate minority- and women-owned business program

The Denver Office of Economic Development (OED) is launching a disparity study to guide future implementation of minority- and women-owned business programs in Denver. 

The study will measure whether minority- and women-owned contractors are being underutilized in city business, thereby providing a basis for the continuation of Denver’s Minority- and Women-Owned Business Enterprise program and related federal programs.

OED has retained BBC Research & Consulting to conduct the study to help evaluate the effectiveness of the local MWBE program and two federal programs: The Disadvantaged Business Enterprise (DBE) program and the Airport Concessions Disadvantaged Business Enterprise program. The study will examine the city’s procurement services and products, the subcontracting participation of contractors/service providers who do business with the city and anecdotal evidence collected from a cross-section of the local business community.

“With significant public investment projects on the horizon, and by staying true to our Denver values, this city will show how economic prosperity can bring everyone along,” says Denver Mayor Michael Hancock. “We’re looking forward to taking a thorough, objective look at our inclusivity programs in order to bolster our approach and further level the playing field for Denver’s minority contracting community.”

To help inform the study, a series of public hearings will be held this fall: 
 
  • Oct. 3, 11:30 a.m.-1:15 p.m., Eisenhower Recreation Center, 4300 E. Dartmouth Ave.
  • Oct. 5, 5:30-7:30 p.m., Denver Botanic Gardens, 1007 York St.
  • Oct. 11, 5:30-7:30 p.m., Denver Police Station-District One, 1311 W. 46th Ave.
  • Oct. 13, 9-11 a.m., Denver International Airport (tentative)

Comments and information can also be submitted to denverdisparitystudy@bbcresearch.com. For more information visit denvergove.org/dsbo.
 

E-commerce jewlery retailer goes brick-and-mortar in Cherry Creek

Cherry Creek shoppers now have a new jewelry store to browse.

Brilliant Earth, a leader in ethically sourced bridal and fine jewelry has opened a showroom at 100 Fillmore St., Suite 300. 

Brilliant Earth first emerged as an e-commerce leader with an innovative strategy rooted in ethical sourcing, personalized service, strong social media presence and an omni-channel experience that has struck a chord with millennial consumers. The company has experienced significant growth, and Denver marks the next phase of expansion for the “clicks to bricks” retailer, joining showrooms in San Francisco, Los Angeles, Boston, Chicago, San Diego and Washington, D.C.

The showroom provides a tranquil setting to explore collections of handcrafted diamond engagement rings, wedding rings, fine jewelry and vintage pieces. The company’s diamonds and gemstones go beyond the usual industry standard and originate from mines that follow strict labor and environmental syandards. In addition to fair sourcing practices, Brilliant Earth is committed to initiating change in the jewelry industry, donating 5 percent of profits to help communities impacted by the jewelry trade build a brighter future. 

The showroom is open by appointment from 10 a.m. to 7 p.m. Wednesday through Sunday.

Cherry Creek gets new event space

Venue 221, Cherry Creek North’s premier event space, is launching the 2017 event season with special hourly rates, an invitation to preview the venue and a non-profit program dubbed The Great Giveback.

Venue 221 will donate the space to a non-profit organization quarterly. For more information about applying for the space visit Venue 221’s website

Venue 221 also is offering an hourly rate of $400 that includes tables, chairs, lounge furniture, in-house audio/visual and media wall.

Designed by Denver architect Michael Knorr, the 1,500-square-foot mid-century modern event space at 221 Detroit can accommodate receptions of up to 150 guests and seated dinners of up to 120 people. 

The modern decor offers warm walnut woods, artisitic wall coverings in a neutral palette, period-inspired lighting and state-of-the-art audio/visual equipment. The first floor Ashlar room features a built-in club-style bar adjacent to a cozy lounge area adorned with mid-mod furniture and a stone fireplace.

Venue 221 is hosting an open house at the venue from 11 a.m. to 4 p.m. June 20.

Thirsty Lion set to open in Cherry Creek

Portland, Oregon-based Thirsty Lion Gastropub & Grill will open its second location in the Denver market at 201 Columbine St. in Cherry Creek North on June 14.

The restaurant will occupy 7,000 square feet of space, including a 1,000-square-foot outdoor patio. It will serve lunch and dinner daily, with a brunch menu available on Saturday and Sunday. 

"Given the rapid development of housing and retail space in Cherry Creek North, we really couldn't be joining the community at a better time," says John Plew, the Thirsty Lion's CEO. "This is an active neighborhood with a thriving social scene, and Thirsty Lion offers an upbeat atmosphere to accommodate any dining occasion."

About 95 employees will work at the new location, which boasts an open-air kitchen, a hearth-baked pizza oven, a 20-seat bar and two outdoor seating areas. 

Menu items include sandwiches, burgers, pizzas, salads and specialty dishes like salmon and asparagus risotto, Baja fish tacos, traditional scotch eggs and charcuterie boards.

Thirsty Lion features a large selection of 40 craft beers on tap, many of which are from local brewers, as well as unique craft cocktails that combine fresh fruit purees, juices and premium liquors. Of the 25 wines available by the glass, 20 will be available on tap, guaranteeing a pour that is always fresh.

Contact Confluence Denver Development News Editor Margaret Jackson with tips and leads for future stories at margaret@confluence-denver.com.
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