DENVER — For more than a decade, Cherry Creek North saw higher rents driving business away.
It was even more noticeable during the recession. But now all you see now in the area are cranes over the creek.
“We know the area needed to be updated,” said Mayor Mike Hancock. “The area contributes more than five percent of dollars to the city’s general fund, so keeping it robust is one of our main concerns. The new re-zoning plans will help make that happen.”
There is a construction project on nearly every block in the district, which is bounded by First and Third avenues by Steele and University. While driving is a bit tougher than normal, the area is still the place to be and be seen.
A big issue for the neighborhood groups, developers and city has been how tall buildings can be.
Along First, buildings will be much taller, on Second, about eight stories and south off of Third, buildings will be stepped back from the curb. Curbside buildings will be limited to two stories to allow for sun on the north side of Third avenue.
All of the plans worked out will now go to zoning and the Council before going to a vote.
The hope is construction will continue to help make Cherry Creek North the place people love to live, work and play.