Apartment developer Mill Creek plans second Cherry Creek complex
This article first ran on BusinessDen.com, a BizWest news partner.
Mill Creek Residential is planning a second apartment complex in Cherry Creek, a block away from its first.
The Dallas-based multifamily developer submitted a concept plan to the city in July, proposing a five-story project at the southwest corner of 2nd Avenue and Cook Street.
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The plans, which do not include a rendering and are subject to change, call for the complex to have 110 units and 165 parking spaces.
The structure would be erected on 0.89 acres at 155 and 165 N. Cook St., replacing a pair of three- and four-story office buildings. Mill Creek does not currently own either of the parcels.
Mill Creek is known for its Modera-branded complexes, and the plans refer to the project as Modera Cook Street.
A local Mill Creek executive did not respond to a request for comment.
A block east of the site, at the southeast corner of 2nd Avenue and Madison Street, Mill Creek is currently constructing Modera Cherry Creek. It paid $10.75 million for that 0.75-acre site in 2019.
Mill Creek has built a number of complexes in Denver. It sold its 197-unit Modera Cap Hill complex at 1200 Grant St. in April for $84.25 million, and in late May paid $15 million for the 1.63-acre former Rocky Mountain Public Media site in the Golden Triangle, where it has proposed an eight-story project.
Mill Creek is also wrapping up construction on Modera Wash Park at 400 Grant St.
Elsewhere in Cherry Creek, Denver-based Broe Real Estate Group recently broke ground on an eight-story office building. Denver-based BMC Investments, meanwhile, proposed a new office building of its own. And Denver-based Western Development Group sold a host of retail and office space for $82.75 million.
