An eight-story newcomer is officially on deck in Cherry Creek North, and Broe Real Estate Group has enlisted Cushman & Wakefield to make sure it does not sit empty. The brokerage has been hired to market 250 Clayton, a roughly 175,000-square-foot mixed-use office building planned for one of Denver's hottest submarkets. Demolition is starting along parts of Clayton Street as the developer clears the site for construction, and the project is already about a quarter pre-leased. Broe plans to use the building as the corporate home for the company and its affiliates, with delivery targeted for the third quarter of 2028.
In a press release via PR Newswire, Broe said Cushman & Wakefield will lead leasing for the second phase of its roughly $225 million Cherry Creek North redevelopment. The release notes that a construction loan is in place and site preparation is complete, and reiterates that the building is expected to total about 175,000 square feet with delivery in Q3 2028. Cushman has assigned brokers Doug Wulf, Todd Wheeler and Michael Coppola to bring the property to market.
Demolition and timeline
Demolition crews are slated to tear down existing buildings at 216 and 252 Clayton St., a process BusinessDen reports should take eight to ten weeks before construction teams roll in. Broe has temporarily relocated operations during the work, and the project is currently about 24 percent pre-leased. Once the site is cleared and prep work wraps up, construction will move ahead on the eight-story structure and its interiors.
Design, floorplates and retail
The Beck Group is serving as design-builder for 250 Clayton and is pitching the project as a Class AA office property with private terraces, four levels of underground parking, and large contiguous office floors. Plans call for roughly 10,000 square feet of high-end retail on the ground floor, with office floorplates targeted between 20,000 and 30,000 square feet to appeal to full-floor users and wealth-management firms that like to spread out.
Owner and brokers weigh in
BREG EVP Brian Chen said the project will "deliver an exceptional office concept to attract and retain talent," while Cushman executive Doug Wulf said the building "has the scale and presence to take Denver's premier office address to a world-class level of refinement," as Mile High CRE reported. Both statements were included in Broe's release and underscore the plan to turn 250 Clayton into a high-amenity headquarters for Broe, Broe Real Estate Group and OmniTRAX.
Why Cherry Creek
Cherry Creek North remains one of Denver's tightest office submarkets, with low vacancy and strong pre-leasing for new buildings, according to the State of Cherry Creek Report. That demand, along with a cluster of other projects underway nearby, helps explain why Broe is comfortable moving forward with large, high-quality office floorplates right now.
With demolition now underway and Cushman & Wakefield officially working the phones, brokers will be watching to see whether big tenants start locking down full floors in the coming months. Broe still expects the building to open in the third quarter of 2028 and is fielding leasing inquiries ahead of construction.
