Wednesday 24 April, 2013

Cherry Creek – A Growing Denver Business Community

Cherry Creek is one of Denver’s central neighborhoods, bound by the actual Cherry Creek to the south, Sixth Avenue to the north, University Boulevard to the west and Colorado Boulevard to the east.

The typical stereotype of Cherry Creek is that it’s full of yuppies and the super-rich, paying too much for their soy lattes or discussing stock prices at an overpriced sports bar. Not so at all today. The reality is that it’s a very mixed neighborhood that’s for more than just the jet set.

Cherry Creek is a mixture of residential and commercial, old and new. Old Victorian houses stand next to modern gated luxury condos. There are many quiet tree-lined streets and beautiful parks, including the Cherry Creek Bike Path, which runs along the creek and connects the area to Denver’s downtown. There is lots of shopping, dining, nightlife, gyms, parks and other amenities. The Cherry Creek Mall is one of Denver’s premier shopping centers.

The Cherry Creek Business Scene

Cherry Creek has a thriving business scene. Aside from Cherry Creek Mall, the other major shopping area is Cherry Creek North, a 16-block radius of more than 320 independently owned shops that come in all shapes and sizes. This is where you’ll find the original location of the iconic Tattered Cover Bookstore.

There is constant development in Cherry Creek North. In 2013, plans were finalized for a new seven-story mixed use building primarily for office space. A similar development project from the previous year saw the construction of a building with eight floors of mixed use space. This building boom, much of it financed by the Western Development Group, is quickly turning Cherry Creek into one of Denver’s most attractive areas for businesses.

Benefits for Businesses in Cherry Creek

Cherry Creek is centrally located along four of Denver’s major traffic arteries. Speer Boulevard passes right through Cherry Creek and turns into East 1st Avenue halfway through. It’s eastern and western borders, Colorado Boulevard and University Avenue respectively, are major streets that both connect to Interstate-25. The East 7th Parkway which makes up the northern border is a major street for crosstown traffic.

In addition to these streets, Cherry Creek is a perfect example of Denver’s ideal of creating a multi-modal city. There are five RTD bus lines as well as biking lanes and trails that connect it to the rest of the city.

The abundance of shops brings a great deal of foot traffic to Cherry Creek. There are also community events like the Cherry Creek Arts Festival and the Cherry Creek Fresh Market that bring customers into retail stores. These are also good community events for your business to get involved in.

Despite Cherry Creek’s upper crust reputation, rents are much lower than they’ve been in the past. Prices have dropped considerably over the last few years and commercial spaces have become more affordable.

Cherry Creek isn’t rich or high-class – it’s just simply a nice place. It’s a great area of Denver for a business to call home.

Bob Steele

Bob Steele is an entrepreneur, software developer, marketer, and author living in the Denver metropolitan area. He’s an avid outdoorsman who loves skiing, hiking, fishing, boating, and just plain having fun. His interests include games, space, technology, physics, cooking (well eating actually), economics, business, internationalism, and team sports. With over thirty years of professional consulting experience, Bob has been exposed to many diverse business models and has gained a sensible approach to life. Bob’s company, WaveCentric is focused on commerce, marketing, and entertainment related products.

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