Moving forward from an awesome Broncos weekend, we have some infill to catch up on! We are going to briefly head back to Cherry Creek to look at another great infill project on the brink of completion: 250 Columbine. But didn’t we already do a final update on 250 Columbine? Back in October, we only covered the office building as the residential portion was still under construction.
Let’s start by looking back at all of our posts mentioning 250 Columbine.
New Cherry Creek Project: 250 Columbine
Cherry Creek: 250 Columbine Update #1
Cherry Creek: 250 Columbine Update #2
Cherry Creek: 250 Columbine Update #3
Cherry Creek: 250 Columbine Update #4
Cherry Creek: 250 Columbine Final Update – Part 1
250 Columbine was a unique project from the start because it contained 80 condo units, which are a very rare sight around Denver. For a couple of years, this was the only new condo project under construction in Central Denver. With Council Bill 15-0811 passing, hopefully we will see more condo units go up in the near future.
How about some pictures. The residential units sit down Columbine Street towards Third Avenue with the office building fronting Second Avenue.
At street level, this project is great. It has good massing, and an ample supply of ground floor retail. Towards Third Avenue the building steps down to three stories, from seven, to comply with the Cherry Creek zoning.
Here are two more views of 250 Columbine from Third Avenue. The red crane in the background is for the 245 Columbine hotel.
250 Columbine was one of the first projects to break ground after the initial wave of development in Cherry Creek was announced. It’s great to now see it complete! Lastly, to prove how high the demand is for condo units in Central Denver, there are only three units left for sale in this building.
And opponents of construction defects reform say the reason there are no new condos being built is because there isn’t enough demand for it. I think the numbers speak for themselves.
To add to those sales numbers. Of all the units that did sell anywhere between $600 per square foot and just over $1000 per square foot, the list to sold price ratios exceed 100% on all sales.
The builder also put rigorous standards in place to insure they would not have buyers going after them for building a defective product. What a concept! As much as I love all of the new people moving into the downtown core (and the vibrancy it brings) I really wonder how the construction completed with lesser standards will hold up 10 years from now. The new condo building announced by East West just behind Union Station will most likely also be built to the same high standards as this project. I applaud these builders.