The Lowry Redevelopment appears to be nearing completion, but numerous additional projects are proposed. Buckley Annex is the 72-acre site at the SEC East 1st Avenue/Monaco Parkway, which now is home to the Defense Accounting Center. Since the Center found its way on to the federal base closure list, the Lowry Redevelopment Authority has proposed the site for 1,000 residential units and 200,000 SF of retail and office space. Some neighbors are objecting and the site is very near the controversial proposed redevelopment of the Mt. Gilead Church site at Monaco/Cedar with residences.

Other Lowry developments include Hangar 2 proposed for a historic redevelopment with 230 residential units and retail space. The Denver Landmark Commission recently rejected a design for the hangar redevelopment. But Coughlin & Coughlin has announced plans to build Rampart IV, a 40,000 SF 3-story office building in the Lowry Office Park at 150 Spruce Street, the first "green" commercial building in the redevelopment. And International Risk Group proposes to build some 1,000 residential units on the former landfill on East Alameda Avenue west of Mira Vista Golf Course. The Colorado Golf Association, owner of the Mira Vista course is about to start a massive reconstruction of it with a Tom Doak design. East Park at Lowry is under construction just north of the golf course with some 600 homes, townhomes and condos planned. And finally the Colorado Community College System with facilities near Dayton Street has some 100 acres available to a developer for sale or ground lease.

According to Costar, the Crestmoor Downs Apartments at 240 South Monaco Parkway sold in July for $86 million. Information about the property is unclear, but it reportedly includes 710 units built in 1974 in 7-story and townhome buildings on 25.7 acres with a price of $121,000/unit.

Land prices in Cherry Creek North continue to rise. According to public records, SKS Charter Development LLC paid $1,150,000 or $172/SF for the 6,870 SF corner site at 400 Garfield Street. An older residence has been removed, a construction fence is on the site and a on the site sign says, "Max Development." The sale price compares with a 2005 sale of the 6,250 SF mid-block site at 460 Garfield Street for $635,000 or $102/SF. 460 Garfield was developed by Paragon Homes, Inc. with a 2-story 5,911 SF (including finished basement) home now for sale for $2,295,000 or $388/SF. The asking price is equivalent to $581/SF for 3,947 SF above grade.

Denver Council Member Jeanne Robb announced a delay in the crosswalk reconfiguration along East 1st Avenue in Cherry Creek North, particularly at Fillmore Plaza. City staff feels that combined with construction of the nearby Nordstrom store and at the NorthCreek development, this work would interfere with traffic, and the new improvements would likely be damaged by completion of the construction projects. Also city staff felt that with more time to complete the reconfiguration, a better quality finished product would result.

The Denver Business Journal reports that a winery will open soon in the former Mel's Bar and Grill space at 235 Milwaukee in Cherry Creek North. Iron Mountain Winery hopes to open by the end of September as a full restaurant with wines made in Colorado.

KBS Realty Advisors paid $38.79 million, or $337/SF, for the 115,000 square foot office building at 210 University in Cherry Creek North. The property is an 8- story tower that includes a 6-level parking garage. KBS Realty Advisors also paid $11.71 million, or $239/SF, for the 49,000 square foot office building at 101 University. This property is 4-stories with a 2-level parking garage.