Schnitzer West Secures Site for 8-Story Office Project in Cherry Creek
Leading West Coast real estate investment, development company Schnitzer West, LLC has closed on a site at 201 Fillmore located in Cherry Creek for the development of an eight-story mixed-use project, financed in partnership with Brue Baukol Capital Partners. The company also announced the execution of a pre-lease for one hundred percent of the building’s available office space.
The 201 Fillmore project is located at 2nd Avenue and Fillmore Street and boasts 140,000 square feet of mixed-use space, including approximately 132,000 square feet of Class-A office space. The ground floor features 8,500 square feet of retail space. Nearly five levels of below-grade parking will accommodate more than 240 vehicles and 19 bicycles. 201 Fillmore will be consistent with Schnitzer West’s mission of delivering forward-looking, tenant-focused buildings that deliver unmatched efficiency, functionality, and quality. The project is scheduled for completion in 2025.
“The thriving Cherry Creek sub-market is one of the best office markets in the nation and continues to see significant levels of pre-lease tenant demand for Class-A office space. Businesses are looking to secure a footprint here and provide exceptional workplace experiences for their teams,” said Kyle Flippen, senior development and investment manager at Schnitzer West. “We’re pleased to further our commitment in the area with the 201 Fillmore project and continue the submarket’s economic growth. This best-in-class building will have a defining impact on Cherry Creek for many years.”
“Our shared interest in delivering best-in-class office and retail spaces in high-demand markets makes Schnitzer West an ideal partner for a project such as this,” said Geoff Baukol, president and partner at Brue Baukol Capital Partners. “We’re pleased to be part of shaping the future of Denver’s business community through the creation of exceptional, high-end office buildings.”
The project, designed by Chicago-based architecture firm Goettsch Partners, is situated across the street from Schnitzer West’s Civica Cherry Creek, a seven-story boutique office building that delivers a premier workplace experience.
This is the third Schnitzer West ground-up office development in the Denver market, with an additional 1.5 million square feet planned over the next several years. Schnitzer West will deliver a one-of-a-kind building, The Current River North, in April 2023. Last year, Schnitzer West also launched SW Living, a multi-family development platform in Seattle and Denver. Schnitzer West has commenced construction of Phase I of the Westray mixed-use project located at Fiddler’s Green.