The Broe Group Advances Cherry Creek North Project Phase Two
Broe's Cherry Creek Area Portfolio has reached over $1.5 billion, anchored by the significant new project at 250 Clayton. The Broe Group, a prominent investment firm based in Colorado, is excited to announce the commencement of the second phase of its Cherry Creek North redevelopment, valued at $200 million. This follows the success of the fully leased initial phase, 200 Clayton. The upcoming phase will introduce the largest office floorplates available in Cherry Creek North.
About The Broe Group
Founded in 1972 by industrialist Pat Broe, The Broe Group has consistently prioritized local investments, forming a significant part of its extensive national portfolio. The introduction of the 250 Clayton project will enhance Broe's presence in the Cherry Creek area, increasing total investments to an impressive $1.5 billion.
Groundbreaking Developments in Cherry Creek
With the arrival of 250 Clayton, the new headquarters for The Broe Group and Broe Real Estate Group, the development promises to redefine workplace environments in Cherry Creek. Douglas Wells, CEO of Broe Real Estate Group, emphasized the importance of Denver's real estate landscape. He noted, "We continue to invest in our home market and see strong sustained demand for what has become Denver's top urban market. 250 Clayton will deliver an unrivaled tenant experience that will redefine Cherry Creek office space."
The Vision for 250 Clayton
Designed as an eight-story, 175,000 square foot Class A development, 250 Clayton will feature high-end retail space on the ground floor, catering to the dynamic needs of Denver’s business community. This space is designed to not only meet current demand but to be a centerpiece of innovation and community engagement.
Project Timeline and Future Prospects
Completion of the construction is anticipated for the second quarter of 2028. Preparations for the site have begun, including relocation efforts for OmniTRAX and Broe Real Estate to temporary offices. As these companies transition into their new spaces, demolition is scheduled to start in January.
Commitment to Community
Brianna Broe, a board member of the Broe Family, shared the family's deeply-rooted connection to Cherry Creek: "For five decades and three generations, The Broe Group and the Broe family have called Cherry Creek home. We genuinely believe Cherry Creek is a special place, and we have a shared responsibility to our community.” This statement reflects their commitment to enhance the area's reputation while contributing positively to the local environment.
About The Broe Group
As a diversified investment group, The Broe Group operates across multiple sectors, including real estate, rail, infrastructure, energy, and technology. With extensive experience and operational insights derived from managing billion-dollar businesses, they are distinguished by their entrepreneurial approach, seeking true value in every venture. More details about the company can be found at broe.com.
About Broe Real Estate Group
As an affiliate of The Broe Group, Broe Real Estate Group specializes in the acquisition, development, and management of commercial real estate. With a focus on enhancing value through strategic investment and management practices, they own a portfolio featuring office, industrial, and multi-family properties across the country, driven by a history of success in real estate.
Frequently Asked Questions
What is the 250 Clayton project?
The 250 Clayton project is an upcoming eight-story, 175,000 square foot Class A development featuring office space and retail in Cherry Creek North.
When is the construction completion expected?
Construction is projected to be completed in the second quarter of 2028.
Who will occupy the 250 Clayton building?
The Broe Group, Broe Real Estate Group, and OmniTRAX will be the new occupants of the building.
What is the significance of this development?
This development contributes significantly to Denver’s real estate market, enhancing the area's reputation and offering modern office space options.
How long has The Broe Group been in operation?
The Broe Group has been operational since 1972, marking over five decades in various investment sectors.
