BMC Investments and Sage Hospitality have commenced construction on their $70 million hotel and retail development in the heart of Cherry Creek North at 245 Columbine St. Groundbreaking occurred Jan. 19, and the project is expected to generate in excess of 750 construction jobs.
The development will include 155 hotel rooms, a roof deck pool and bar, 5,000 square feet of meeting and banquet space and two ground floor restaurants. As reported in late 2014, one of the ground floor restaurants will be Departure by Sage Restaurant Group. The first Departure Restaurant is located in Portland, Ore., in the Nines hotel, and lead by Executive Chef and Top Chef Season 12 finalist Gregory Gourdet. The additional 6,000 square feet of retail space is available for another restaurant operated by a third party.
The hotel will be a luxury independently branded experience unique to the Denver market with a name to be released at a later date. The structure will contain 100 percent valet parking in the two levels of below grade parking being constructed.
“We are very excited to deliver what we expect to be another transformative project not only in Cherry Creek but for the Denver hospitality market as a whole,” said Matt Joblon, CEO of BMC Investments. “We’ve assembled an incredible team that has worked tirelessly to get the project to the groundbreaking, and they will deliver a successful and impressive product upon completion.”
Mortenson Construction is the general contractor and JG Johnson and Klipp Architects are the architects for the project. New-York-based AvroKO fashioned the public spaces and the rooms, AvroKO is also responsible for the Great Hall public space in the newly renovated Denver Union Station. Portland, Ore., based Skylab fashioned the Departure Restaurant and the roof deck pool and bar.
“This project will mirror the big changes that have been taking place in the Cherry Creek North neighborhood,” said Walter Isenberg, president and CEO of Sage. “The hotel and restaurant we have planned will deliver the luxury experience for locals and visitors, we’re proud to bring these concepts to Denver.”
The retail space will be ready for tenant improvements in late 2015, and the hotel is expected to open in April of 2016.
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