Approve Development Agreement for Cherry Creek West (2500 E 1st Ave)
- When: 2024/09/10
- Address: 2500 E 1st Ave, Denver, CO 80206
- City: Denver
- State: CO
- Category: Project Amendments
- Subcategory: Development Plan Amendment
- Asset Class: Mixed-Use
- Property Type: High-Rise
- Size (AC): 12.86 AC
- Planning Department: True
This ordinance approves a Development Agreement between the City and County of Denver and Cherry Creek West Development Company, LLC for the Cherry Creek West property at 2500 E 1st Ave in Denver. The agreement outlines commitments to affordable housing, affordable commercial space, transportation improvements, public access, workforce development, and a childcare needs study in exchange for vesting rights under the proposed PUD rezoning. The contract term is 15 years from the effective date, with opportunities for extension based on development phasing and timing. The City Council committee approved the agreement by consent on September 3, 2024, and the full council approved it by consent on September 10, 2024.
