Quarter of condos at 250 Columbine are pre-sold

Western Development Group has achieved its goal of 25 percent of pre-sale contracts for condominiums at 250 Columbine, a $100 million mixed-use development planned in Cherry Creek North.

As a result, Western Development has pulled the remaining units off the market until early next summer. 

"We foresaw a strong market for condominiums, especially considering the spike in apartment construction and the limited availability of luxury, for-sale condos," says David Steel, Partner at Western Development. "With construction of 250 Columbine already underway and the immediate and strong response to our pre-sale event, we're confident we're hitting the market at a great time. Demand for condos in Denver is high, especially in prime locations such as Cherry Creek North."

When it's finished, 250 Columbine will include an 80,000-square-foot office building, which will be ready for delivery for tenant improvements late next year; 70 condominiums; and 30,000 square feet of retail space.

"We’re looking forward to delivering another high-caliber project to Cherry Creek North," Steel says. "We're confident that Cherry Creek North is viewed as Denver's most desirable location, especially among many of the world's very best businesses and retailers who want to establish a Denver address. Our NorthCreek development, located just a few blocks away, is evidence of the attention Cherry Creek North is garnering. It is fully leased with a list of tenants that include some of the finest brands in fashion.”