Cherry Creek North just landed a financial heavyweight. UMB Bank will anchor Cherry Lane, the large BMC Investments redevelopment rising at the corner of First Avenue and Clayton Lane in Denver, signing on for a six-story Class A office of roughly 55,000 square feet. The new space is set to consolidate the bank’s commercial, private-wealth, and executive teams, with a move-in targeted for May 2028. The building is part of a broader remake of the block that will also bring in new retail, restaurants, and hundreds of apartments.
UMB Plans For A Colorado Flagship
Per Mile High CRE, the six-story office will span about 55,000 square feet and put UMB’s commercial banking, private wealth management, and executive teams under one roof. UMB Financial Chairman and CEO Mariner Kemper called it “a unique opportunity to build a customized office from the ground up,” with plans that include a full-service branch on the ground floor and client-entertainment terraces higher up. The bank also intends to keep a downtown presence while continuing to invest in both new and existing branches across Denver.
Project Scope, Design And Partners
BMC Investments describes Cherry Lane as a roughly 9-acre mixed-use project that will pair about 379 multifamily units with more than 130,000 square feet of luxury retail and tens of thousands of square feet of office space, according to BMC Investments. Tryba Architects is leading the design work, and PCL Construction is serving as general contractor, while Michael Hsu Office of Architecture is handling interiors for the retail components, project materials show. Developers have also been courting high-end restaurant operators for the office building’s top floor, BusinessDen reported.
Timeline And Construction Notes
According to Mile High CRE, the exterior of UMB’s office building is expected to be finished in March 2027, with UMB planning to occupy the space by May 2028. Phase-one delivery for the broader project is pegged for around October 2027, and abatement and demolition work is already underway at the former Sears site, MultifamilyBiz noted. Construction financing for the first phase has closed with Bank OZK, and leasing teams are working to secure luxury retail and restaurant tenants for the street-level spaces.
What This Means For Cherry Creek
“I really think this will be the anchor for Cherry Creek and set it up for long-term success,” BMC CEO Matt Joblon told BusinessDen, casting UMB’s commitment as a strong vote of confidence in the neighborhood. Real estate watchers often point out that landing a major bank tenant can speed up leasing, attract higher-end retailers, and help turn a developer’s “luxury retail and dining” pitch into something a bit more real. With apartments, premium storefronts, and new office space all on deck, Cherry Lane is poised to reshape that stretch of Cherry Creek over the next two years as deals get inked.
What To Watch
Retail leasing for the project is being led by Sam Zaitz of JLL and Julie McBrearty of SullivanHayes, and developers say they expect to roll out announcements on key retail and restaurant tenants in the coming months, according to industry releases. As construction moves forward through 2026, keep an eye on tenant filings and city approvals that could tweak delivery timelines or the eventual tenant mix. For now, UMB’s anchor lease gives Cherry Lane a marquee name to build around and a sharper pitch to national retailers and restaurateurs.
