The Cherry Creek area continues its incredible growth — especially when it comes to new residential developments, from high-end rental apartments to luxury condominium projects.
Next to come online is One19 Cherry Creek, a 36-unit luxury condo project at 119 S. Harrison St. that’s expected to sell quickly due to the recent success of the Laurel in Cherry Creek North. The final penthouse at Laurel sold for nearly $5 million in November and only six units there remain on the market.
Sales at One19 recently launched (five of the 36 units have already been spoken for!) and pre-sale prices are still available. Because the project doesn’t fall in the Cherry Creek North Business Improvement District, prices at One19, which range from just under $600,000 to $1.1 million, are below prices at the Laurel and similar properties in the district. Still, it’s an easy three-minute drive or 10- to 15-minute walk from everything that’s offered in the popular shopping district.
Homeowner association documents are still being drafted, so interested buyers can only reserve units for now, but will soon be able to go under contract with a 5% down payment.
Besides a lower price, the other advantage of getting in early, said Rob Hunsley, sales counselor for the development, is the ability to pick out custom finishes.
“We have a short window — probably until mid- to late-February — until we start pre-selecting finishes so we can deliver this summer,” he said.
Denver High-Rise Living recently toured the development where crews are still busy at work. Dry wall is expected to start going up by March. Units feature wide-plank wood flooring in every residence, Bosch appliances, a built-in refrigerator, and quartz countertops. In select residences, there are also fireplaces and wine refrigerators.
Community space and amenities include a fitness room with Peloton equipment, patio with outdoor kitchen and a guest suite for visitors that residents can reserve for a low nightly rate. And like many new condo developments going up in Denver, One19 also caters to your pet with a full pet spa to wash your furry four-legged friend.
One19 was originally going to be developed as The Cassidy, but the original developer ran out of money and then Pacific North Enterprises, the project’s general contractor, took over development duties after buying it for $15 million.
A half-mile northwest of One19 is the site of Modera Cherry Creek — a new, 100-unit luxury apartment project being developed by Mill Creek Residential. The firm submitted a site development plan for the project earlier this month. The development is expected to feature higher-end residences compared to other Modera-branded properties in Denver.
Cherry Creek has evolved from a popular shopping district into more of a lifestyle destination as a number of new residential and office projects have sprung up over the past decade. There are still a few parking lots awaiting development in Cherry Creek North, including one owned by BMC Investments at 235 Fillmore St. The firm is undecided on what to develop on the lot, but hasn’t ruled out a condominium project.