Denver, Colorado (October 22, 2024)
Ascentris and Denver-based developer East West Partners announced the closing of Cherry Creek West, a 13-acre master-planned mixed-use development located in the Cherry Creek submarket of Denver, Colorado.
Upon completion, Cherry Creek West is planned to include approximately 1.6 million square feet of residential, office, and retail space.
The development marks the second joint venture between Ascentris and East West Partners. The two firms previously partnered in 2019 to develop The Coloradan, a 334-unit condominium building with 22,000 square feet of ground-floor retail located in Denver’s Union Station neighborhood.
Cherry Creek West spans roughly four city blocks, extending:
- From University Boulevard to Clayton Lane
- From 1st Avenue to the Cherry Creek waterway
Current development plans include:
- Approximately 825 multifamily residential units
- 600,000 square feet of office space
- 100,000 square feet of retail space
- More than 2,000 underground parking spaces
- Approximately four acres of open space
“We are incredibly excited to partner with East West Partners on this tremendous mixed-use development,” said Gabe Finke, Chief Executive Officer and Co-Founder of Ascentris. “Cherry Creek West will create an environment that everyone in the community will enjoy and cherish for generations to come. As a Denver-based firm with many of our employees connected to the Cherry Creek community, being able to develop such an exciting project within an already vibrant area of Denver is a once-in-a-lifetime opportunity.”
“We are thrilled to expand our partnership with Ascentris on such a special project,” added Chris Frampton, Chief Executive Officer of East West Partners. “With our zoning in place and a closed joint venture with a trusted partner, we are very excited to create a terrific place at Cherry Creek West.”
About East West Partners
East West Partners develops, sells, manages, and supports high-quality real estate and lifestyle experiences, with a focus on innovation, sustainability, and community.
Since 1986, the firm has developed and sold more than $7 billion in residential and commercial real estate projects across the United States.
East West Partners is one of only a few companies to receive three Urban Land Institute Awards for Excellence, recognizing projects including:
- Beaver Creek Village in Beaver Creek, Colorado
- Union Station Neighborhood in Denver
- Riverfront Park in Denver
More information is available at www.ewpartners.com.
About Ascentris
Ascentris is a real estate private equity firm based in Denver, Colorado that manages a series of fully discretionary institutional vehicles targeting both value-add and core investments across major property types and geographic regions throughout the United States.
Since 2003, the firm’s management team has followed an investment philosophy and organizational structure designed to provide a high level of service, transparency, and accountability while identifying opportunities ahead of the market.
Ascentris is a privately held and management-owned SEC-registered investment adviser committed to putting investors’ needs first. Additional information is available at Ascentris.com.
Note: Being a registered investment adviser with the SEC does not imply any specific level of skill or training.
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