2nd & Steele

Construction has officially begun on the Waldorf Astoria project in Cherry Creek at 2nd & Steele. The start of site work moves the long awaited development from concept to reality and marks a major moment for Denver’s luxury residential market. The plan brings 37 high end homes to one of Denver’s most established neighborhoods. Prices begin around $1.2M with penthouses expected to reach into the eight figure range.

The project is led by PMG with Hilton introducing the Waldorf Astoria brand to Colorado for the first time. Early design previews show large layouts, premium materials and a hospitality standard that mirrors the reputation of the brand. The groundbreaking renews interest in the ground floor restaurant that will anchor the building. Cherry Creek has become a major dining district and the selection of a chef or operator will influence how the project fits into the neighborhood. The decision is expected to draw attention as construction progresses.

Cherry Creek is now competing on a national level for luxury buyers. Demand remains high and competition for premium properties continues. The arrival of the Waldorf Astoria strengthens the district’s position as a leading center for elevated residential living and shows the direction the neighborhood is moving.