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Cherry Creek office building begins construction

Construction has begun on a boutique office building in Denver’s Cherry Creek neighborhood, its developer BMC Investments announced Monday.

The building named Milwaukee Place will be built at 242 Milwaukee St., a parcel located next to The Jacquard hotel.

It’ll be a 94,000-square-foot building with Class A office space and 10,000 square feet of retail space. The building has already signed a lease with TileBar, a tile and bath design firm, as its anchor tenant.

The building has been seeing high demand for both office and retail leading to early leasing momentum, said Geoff Baukol, president and partner at Brue Baukol Capital Partners, in a press release.

“We’re already trading more letters of intent than space remaining, which speaks to the high demand for this building that complements the energy and vibrancy of this dynamic market,” Baukol said.

The 7-story office tower will feature an outdoor patio seating area, a terrace on the sixth floor and an upscale lobby.

Milwaukee Place is set to be completed by January 2027, the press release said.

“With strong preleasing activity and best-in-class amenities, Milwaukee Place will set a new standard for boutique office space in Cherry Creek North,” said Matt Joblon, founding partner and CEO of BMC Investments, in the release.

Downtown Denver’s Basecamp Market Station adds 2 new retailers

The block in downtown Denver devoted to outdoor recreation is adding two new shops.

Basecamp Market Station announced the additions of ski-brand Helly Hanset and Aktiv, a Scandinavian outdoor apparel company.

Helly Hansen opened earlier this summer at 1415 16th St. in a 3,000-square-foot store.

“We were very excited to open our first store in Denver, a city that has long been at the heart of outdoor adventure,” said Paul Gillen, vice president at Helly Hansen, in a press release. “This store is a key step in our commitment to the Denver community and the wider outdoor and winter sports market.”

Aktiv will open this month, the press release said.

The Scandinavian-brand will open in a 1,260-square-foot-store at 1641 Market St. It will host a variety of clothing for yoga, running and skiing from Denmark, Finland, Iceland, Norway and Sweden.

Then in the winter, Basecamp said it will debut luxury-eyeware store Glass House Optical and an Xfinity Store from Comcast.

RiNo BID hires new director too

As the organizations that run the River North neighborhood restructure, the RiNo Business Improvement District named its first executive director.

RiNo is home to a general improvement district, business improvement district and the nonprofit RiNo Art District – all which helped turn the industrial area into a trendy development zone over the last decade.

RiNo’s growth can be credited to these districts that mobilized to support the arts, advocate for transportation upgrades, set up community events and establish a distinct neighborhood identity. But after concerns over how the BID wanted more autonomy from the arts district, the groups decided to restructure and have clearer boundaries – including having separate leadership.

The RiNo BID announced it hired Terry Madeksza as its executive director. She will begin Oct. 15.

“My focus will be on delivering real value for property owners and small businesses while collaborating with the RiNo Art District to ensure this remains a destination where creativity thrives, businesses want to grow, and visitors always feel welcome,” Madeksa said in a press release.

Madeksza has managed several improvement districts and downtown organizations across Arizona, including in Phoenix, Flagstaff and Mesa.

“As the RiNo BID transitions to a new structure, Terry will help us ensure we’re delivering on our promises of accountability to ratepayers,” said Spencer Fronk, the RiNo BID Board Chair, in a press release.

Last month, the RiNo Arts District announced it hired Daisy Fodness-McGowan to lead it.