is continuing its investment in Cherry Creek with the acquisition of 2727 E. Second Ave., where it plans to develop an eight-story office building with 5,000 square feet of ground-floor retail.
BMC is teaming up with Bow River Capital
on the project. Both firms will relocate their offices into the building. It's the sixth land acquisition BMC has made in Cherry Creek since October 2012.
"There are so many great things going on in Cherry Creek that our belief in the neighborhood now and over the long term continues to grow rapidly," says Matt Joblon, CEO of BMC Investments. "The ability to acquire one of the best locations within Cherry Creek to build a new standard-setting mixed-use project that we can own long term aligns perfectly with our business plan."
BMC and Bow River are talking with several other companies that are interested in relocating to the project, which will be designed by 4240 Architects
and built by Haselden Construction
. The project will comply with the 15 percent open space requirement by creating an activated public courtyard for the community. The building also will have a full rooftop deck for all office tenants to use.
"We are excited to partner with BMC Investments on this one-of-a-kind office asset, which will emphasize cutting-edge and sustainable architecture for our long-term investment in one of Denver's strongest neighborhoods," says Blair Richardson, CEO of Bow River. "The development presents a tremendous opportunity to establish Bow River Capital Partners' corporate headquarters alongside other successful financiers in the vibrant and energetic Cherry Creek North."
Contact Confluence Denver Development News Editor Margaret Jackson with tips and leads for future stories at email@example.com.