Office building proposed for Cucina Colore corner in Cherry Creek

An office building is being eyed for the corner in Cherry Creek where Italian restaurant Cucina Colore at this moment operates On Friday Open Studio Architecture submitted plans to Denver for a four-story -square-foot building at E Third Ave It would include square feet of retail space on the ground floor plus two levels of underground parking The -acre property is owned by Country Club resident Kevin Beck and his wife The couple bought the property in August paying million or a square foot There s a shortage of office for high-quality tenants in Cherry Creek Beck informed BusinessDen last week Beck emphasized that the plans are preliminary and nothing is right away changing at the property which has a retail building that is home to four tenants Cucina Colore has operated there since Beck commented the restaurant has multiple years left on its lease and will be able to complete it There s leases in place Beck announced Nothing is happening for the foreseeable future Beck is an executive with Paradice Capital Management which isn t involved in the project While he and his wife have a few familiarity with commercial real estate they own the Cherry Creek building where Paradice operates they are new to progress As such Beck declared he expects to partner with someone on the office project He reported he s talked to viable candidates but has yet to reach a deal Related Articles Scandinavian-design home in Denver s Belcaro neighborhood lists for M Evan Gart named new president of Gart Properties looks to expand operations outside Colorado A Denver building for elderly and disabled residents sought to unionize The private-equity landlord had other ideas What does Colorado s largest home manufacturing plant shutting down mean for industry Affordable housing developer in final stages of converting former Johnson Wales dorms into apartments Beck mentioned he s also had discussions with Cucina Colore owner Venanzio Momo about taking retail space in the planned new building although nothing s been decided We d love to have them continue to be in the neighborhood he mentioned Cherry Creek is one of the country s hottest office markets At the end of the third quarter downtown Denver was vacant counting sublease space according to CBRE Cherry Creek meanwhile was at And space among top-tier Class A buildings in the neighborhood is hard to come by Matt Joblon s BMC Investments in recent weeks broke ground on an office building at Milwaukee St And Broe Real Estate expects to start work on the second part of its office project in the block of Clayton Street in the first quarter Read more from our partner BusinessDen Get more real estate and business news by signing up for our weekly newsletter On the Block