As the Denver real estate market continues to evolve in 2026, few neighborhoods are seeing change at the scale currently unfolding in Cherry Creek.
Demolition has officially begun on the west side of the Cherry Creek Shopping Center site — including the former Elway’s and Container Store area — marking the start of the long-anticipated Cherry Creek West redevelopment project.
Once completed, the project is expected to bring:
Approximately 830 residential units
Around 600,000 square feet of office space
Roughly 100,000 square feet of retail and restaurant space
At the same time, the nearby Waldorf Astoria Residences Denver Cherry Creek project at 2nd and Adams continues moving forward, reinforcing Cherry Creek’s position as one of Denver’s most prominent luxury districts.
A Significant Shift for Cherry Creek
Cherry Creek has long been viewed as one of Denver’s most established high-end neighborhoods, known for:
Luxury residential developments
Walkability and retail access
Upscale dining and hospitality
Strong long-term property values
The Cherry Creek West project represents one of the most substantial redevelopment efforts the area has seen in years.
Rather than a small infill project, this is a large-scale mixed-use transformation that will significantly reshape the western edge of the district.
What the Development Adds
The scale of the project reflects how demand for mixed-use, live-work-play environments continues to influence urban development.
The addition of:
Hundreds of residential units
Major office space
Expanded retail and restaurant offerings
could increase activity and density throughout the neighborhood over time.
Projects like this are typically designed to create a more integrated urban environment where residential, office, shopping, and entertainment spaces operate together more seamlessly.
The Luxury Market Continues to Expand
Alongside Cherry Creek West, the Waldorf Astoria Residences Denver Cherry Creek development is adding another layer to the area’s luxury positioning.
Branded residences and high-end mixed-use projects have become increasingly common in neighborhoods where demand remains strong among:
Relocation buyers
Luxury downsizers
Second-home and investment buyers
Buyers prioritizing walkability and service-oriented living
Together, these projects reinforce Cherry Creek’s role as one of the metro area’s most high-profile development corridors.
Growth Comes With Tradeoffs
While investment and redevelopment often bring increased amenities and long-term value, large projects also create short-term disruption and ongoing debate.
Current neighborhood impacts may include:
Construction activity and traffic changes
Increased density concerns
Pressure on parking and infrastructure
Questions around affordability and accessibility
As with many major urban redevelopment projects, opinions tend to vary depending on perspective and proximity to the changes.
What This Means for the Denver Market
The scale of investment currently happening in Cherry Creek reflects continued confidence in Denver’s long-term luxury and mixed-use market.
It also highlights a broader trend:
Buyers continue prioritizing walkability and amenities
Developers remain focused on high-demand urban districts
Mixed-use environments are becoming increasingly central to city planning
Even in a more balanced market cycle, areas with strong identity and established demand continue attracting major investment.
Final Thoughts
The Cherry Creek West redevelopment and the continued progress of the Waldorf Astoria Residences Denver Cherry Creek project mark a major transition point for one of Denver’s most recognizable neighborhoods.
As construction moves forward, Cherry Creek is likely to see continued evolution in both scale and identity — blending luxury housing, office space, retail, and hospitality into an even denser urban environment.
Whether viewed as exciting growth or a significant transformation, there’s little question that Cherry Creek is entering a new phase.
Thinking about buying or selling in Denver this year? Let’s talk about how major redevelopment projects like these can influence neighborhood demand, lifestyle, and long-term value.