Denver-based BMC Investments, in partnership with capital partner Brue Baukol Capital Partners, has broken ground on Milwaukee Place, its latest boutique office development in Cherry Creek North. The approximately 94,000-square-foot building at 242 Milwaukee St. features a mix of ground-level retail space and Class A office space in metro Denver’s strongest office market.
“We’re thrilled to break ground on Milwaukee Place, a project that exemplifies BMC Investments’ commitment to delivering high-quality, thoughtfully designed office and retail spaces in Denver’s premier submarkets,” said Matt Joblon, founding partner and CEO of BMC Investments. “With strong preleasing activity and best-in-class amenities, Milwaukee Place will set a new standard for boutique office space in Cherry Creek North.”
Construction is set to begin immediately on the seven-story building, which will comprise approximately 84,000 square feet of office space and 10,000 square feet of retail space. TileBar, a leading design resource for tile and bath, will anchor the retail space.
“The early leasing momentum highlights the high demand for quality office and retail space in Cherry Creek North,” said Geoff Baukol, president and partner at Brue Baukol Capital Partners. “We’re already trading more letters of intent than space remaining, which speaks to the high demand for this building that complements the energy and vibrancy of this dynamic market.”
Designed by 4240 Architecture, the building will feature an outdoor patio seating area, a sixth-floor terrace, and a high-end lobby. Should tenants utilize the services of the development’s general contractor, Haselden Construction, they may occupy their spaces as soon as the building is complete in January 2027.
Newmark’s Jamie Gard, Pete Staab and Tom Lee are handling leasing of the office space, while Sam Zaitz of JLL and Julie McBrearty of SullivanHayes are handling retail leasing.
FirstBank, led by Michael Kosakowski and Patrick Riley, provided the financing; the debt broker was Justin Nelson of Walker & Dunlop.
