Crate & Barrel closes in Cherry Creek forward of redevelopment

Crate & Barrel has closed its retailer in Cherry Creek.

The furnishings and residential decor store’s retailer at 101 Clayton Lane shuttered this month.

“Thanks for the ultimate 25 years, Cherry Creek! We are hoping to be again once more quickly,” a notice at the retailer’s doorways reads.

Illinois-based Crate & Barrel didn’t reply to a request for remark at the closure. However the retailer sits inside the mixed-use Clayton Lane mission, which is ready to be redeveloped via actual property large Invesco at the side of Los Angeles-based Prism Puts and Denver-based BMC Investments.

A key a part of that redevelopment will contain demolishing the vacant Sears that sits at the back of Crate & Barrel, and setting up an condo development with ground-floor retail instead. However it’s going to additionally come with development a brand new construction the place Crate & Barrel lately sits.

BMC CEO Matt Joblon in the past instructed BusinessDen his company was once in talks with Crate & Barrel, which was once in the midst of a hire. He stated Tuesday the events reached a deal within the fall.

“That’s been the plan all alongside,” he stated of the closure. “It’s a part of our complete redevelopment, which is able to start in a while.”

As a part of the redevelopment, which ultimate yr added a deliberate 2nd segment, the mission will likely be rebranded as Cherry Lane.