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East West Partners and its private equity partner Ascentris have started leasing for One Cherry Creek, the first office building planned within the 13-acre Cherry Creek West mixed-use redevelopment. The eight-story property is designed as a Class A asset and is expected to provide 200,000 square feet of office space along with 19,000 square feet of ground-floor retail, positioning the building as a key commercial component of the broader project.
Cushman & Wakefield has been engaged to spearhead leasing for One Cherry Creek. The assignment is being handled by a team consisting of Nick Pavlakovich, Matthew Gautreau and Michael Pavlakovich. Their mandate covers both the office and retail offerings at the building, which is being brought to market as construction planning for the overall Cherry Creek West development advances.
Planned amenities at One Cherry Creek are tailored toward modern office users and collaborative work styles. The program includes a conference center with capacity for more than 80 people, a private boardroom, and a sizable lounge and pre-function area intended to support meetings and events. Tenants will also have access to an approximately 1,700-square-foot outdoor terrace, designed to provide additional informal work and gathering space, as well as on-site fitness facilities and showers.
The building is part of the initial phase of Cherry Creek West, which is structured as a mixed-use environment combining residential, office and retail components. Phase 1 is expected to deliver roughly 400 residences, 200,000 square feet of office space and 50,000 square feet of retail. One Cherry Creek accounts for the office component of this first phase and will be accompanied by additional residential and retail buildings as the initial stage of the master plan is built out.
At full completion, Cherry Creek West is planned to include approximately 840 residences, 600,000 square feet of office space and 100,000 square feet of retail. The master plan also calls for extensive underground parking, with more than 2,000 spaces to serve residents, office users and visitors to the retail offerings across the site. The scale of the program reflects a long-term commitment to delivering a sizable, pedestrian-oriented mixed-use environment.
Construction at Cherry Creek West will proceed in multiple phases, with the overall project scheduled to open in stages through 2029. Phased delivery is intended to bring online residential, office and retail components over time, allowing the district to evolve as leasing progresses and additional buildings are completed. The launch of leasing at One Cherry Creek marks an early milestone in this multi-year development timeline.
The post East West Partners, Ascentris Launch Leasing for One Cherry Creek Office in Cherry Creek West appeared first on CRE Market Beat.
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