The Broe Group has launched phase two of its $200 million redevelopment project in Cherry Creek North, marking a major milestone for the popular Denver district. This next phase is set to accelerate growth in Cherry Creek North, one of Denver’s most sought-after urban districts.
The Broe Group Begins 250 Clayton Project
The Broe Group, a multi-billion-dollar investment company based in Colorado, has begun phase two of its Cherry Creek North redevelopment. Founded in 1972 by Pat Broe, The Broe Group is a Colorado-based investment firm with a Cherry Creek portfolio valued at over $1.5 billion.
The first phase, 200 Clayton, is fully leased and features the largest office floorplates in Cherry Creek North, marking a key milestone for the district. The second phase is 250 Clayton.
The 250 Clayton development will serve as the new headquarters for The Broe Group, Broe Real Estate Group, and OmniTRAX. These core companies will occupy 24% of the new space, underscoring their commitment to Cherry Creek North.
“We continue to invest in our home market and see strong, sustained demand for what has become Denver’s top urban market,” said Broe Real Estate Group CEO Douglas Wells. “250 Clayton will deliver an unrivaled tenant experience that will redefine Cherry Creek office space.”
This project supports The Broe Group’s national expansion while strengthening its footprint in the Denver metro area.
Project Details of Phase 2 of Cherry Creek North Redevelopment
The 250 Clayton project is an eight-story, 175,000 square-foot Class A office development situated in the middle of Cherry Creek North. The building, designed and constructed by Beck, will also have huge floorplates of sizes between 25,000 and 30,000 square feet that will offer a special entrance reserved for drive-through visitors and adorned with floor-to-ceiling windows to demonstrate the dynamic nature of the neighborhood.
The ground level will feature 10,000 square feet of high-end retail, adding to Cherry Creek North’s vibrant streetscape. In addition to modern office spaces, 250 Clayton will offer tenants curated amenities, including outdoor areas, a building lounge, and rooftop spaces.
The building will follow top-tier sustainability and energy standards, exceeding Denver’s building code requirements. The building is expected to be completed in the second quarter of 2028.
The demolition is planned to start in January. In preparation for the site demolition, OmniTRAX has started to relocate out of 252 Clayton and Broe Real Estate out of 216 Clayton to temporary offices at 50 S. Steele, and tenant moves are expected to be finished by year’s end.
The Broe Group is an investment firm that has a presence in 37 states and provinces in North America. It is privately owned and works in diversified businesses involving real estate, rail, infrastructure, energy, agriculture, healthcare, and technology. The Broe Group has a reputation for entrepreneurial spirit and a deep understanding of the global economy to discover and create value in different sectors.
Broe Real Estate Group, which is a subsidiary of The Broe Group, deals with the acquisition, development, and management of commercial real estate within the country. The company has a strong portfolio of properties comprising office, industrial, and multi-family properties.
