What happens when a 13-acre mixed-use district rises next to a 12-home gated enclave? If you live in Belcourt or you are eyeing it for your next move, you want clear, local insight on how values could shift. In this guide, you will see what is planned for Cherry Creek West, how it may influence Belcourt pricing in different phases, and what milestones to watch. Let’s dive in.
Cherry Creek West at a glance
Cherry Creek West is a proposed 13-acre redevelopment on the west side of Cherry Creek Shopping Center with new homes, offices, retail, restaurants, and improved public space that supports a walkable lifestyle. The concept includes about seven buildings and roughly 800 to 825 residential units, with about 12 percent designated as affordable, plus three office buildings and approximately 1.6 million square feet as discussed during rezoning. You can review the vision on the project site and in local reporting.
Rezoning was approved by Denver City Council in late 2024 after community negotiations, summarized by neighborhood groups here. Mortenson and Saunders were selected to lead construction in June 2025, with early enabling work anticipated to begin in 2026 and phased openings expected through about 2029, while full buildout could take longer. See the construction team announcement for current milestones.
Belcourt’s micro-market profile
Belcourt, at 100 S University Blvd, is a private, gated enclave of about 12 European-styled homes adjacent to Cherry Creek’s retail district. Homes are marketed as luxury lock-and-leave residences with private courtyards and generous floorplans. Because supply is tiny, single sales can swing the perceived “market price.” In 2024 and 2025, public listing examples showed values roughly in the 1.5 to 2.0 million range for individual homes, while broader Cherry Creek indices often landed around the 1.1 to 1.3 million range depending on the data source and month.
How it could influence Belcourt values
Value-supporting forces
- Amenity uplift and walkability. New retail, restaurants, and public spaces next door can raise convenience and quality of life. The project’s materials emphasize a walkable neighborhood and improved access to the Cherry Creek Trail, which many buyers prioritize. Review the placemaking scope.
- Office and daytime activity. The plan includes new office buildings. More daytime population can support vibrant retail and dining, which often correlates with stronger residential demand in premium urban areas, as noted in coverage of the rezoning.
- Trail and open space upgrades. Enhanced trail connections and public realm improvements can be direct quality-of-life wins that buyers value, also highlighted in the project overview.
- Prestige and reputation effect. Well-executed, high-visibility projects can elevate the cachet of nearby luxury enclaves. Denver precedents like Riverfront Park show how mixed-use placemaking can support long-term value, as profiled in ULI case studies.
Value-pressuring forces
- Construction impacts and access. Multi-year construction starting around 2026 can bring noise, detours, and parking strain. Local reporting flagged congestion concerns during the approvals process, which you can see in news coverage. Near-term, this can soften demand for some buyers and lengthen market times. See the construction lead announcement for phasing context.
- Added rental supply. Several hundred new apartments nearby could absorb a portion of demand that might otherwise shop for for-sale homes. Scale matters, and the reported 800-plus units could moderate upward price pressure, per rezoning coverage.
- Privacy and density perceptions. Some buyers value Belcourt’s quiet and exclusivity. A perception of more density or traffic may reduce appeal for those buyers, as reflected in public hearing reports.
Near-term and long-term scenarios
- Short term, during construction, 2026 to 2029. Expect pockets of buyer hesitancy tied to noise and traffic, along with possible timing adjustments for listings. Some sellers may secure solid results between disruptive phases or when early amenities open.
- Medium to long term, after key openings. If retail, restaurants, office leasing, and trail connections mature as planned, the net effect is likely positive due to stronger amenities and an active streetscape. The exact magnitude will hinge on execution quality, office occupancy, and traffic management.
What to watch as a Belcourt owner or buyer
- Project updates on design, tenant mix, public space, and trail access on the official site.
- Construction milestones and phasing from the contractor announcements.
- City processes and any future changes to approvals on Denver CPD’s rezoning page.
- Neighborhood updates and community agreements through local RNOs.
Practical timing tips
- For sellers. If your timeline is flexible, monitor phase maps and aim for listing windows with fewer active disruptions or after early public realm openings. Highlight Belcourt’s lock-and-leave convenience, gated privacy, and immediate access to Cherry Creek amenities.
- For buyers. During construction, you may see selective opportunities, especially if a listing coincides with heavier activity. Balance the short-term trade-offs with the long-term amenity upside and ask about traffic mitigations and parking plans.
Bottom line for Belcourt
Cherry Creek West is a significant placemaking effort that sits next to Belcourt’s small, high-end enclave. Short-term, you could see more variability in pricing and days on market as construction ramps up. Over time, if the project executes well, improved amenities, trail access, and neighborhood prestige are positioned to support values. The net effect will depend on tenant mix, office leasing, traffic solutions, and how new residential supply is absorbed.
Ready to talk through timing, pricing, or a move plan tailored to your situation in Belcourt or Cherry Creek? Connect with Nicole Wadsworth for neighborhood-specific guidance.
FAQs
Will Belcourt values automatically rise because of Cherry Creek West?
- Not automatically, although improved amenities usually support values over time. Near-term construction and added rental supply can offset gains, and outcomes depend on execution, leasing, traffic, and absorption.
What is the current timeline for Cherry Creek West?
- Rezoning cleared in late 2024, construction leadership was named in June 2025, and early enabling work is anticipated in 2026 with phased openings through about 2029.
How many homes are in Belcourt and why does that matter?
- About 12 homes, which means few sales and greater price swings from one transaction. Small-sample markets can look volatile even when fundamentals are stable.
Could new apartments near Cherry Creek reduce buyer demand for Belcourt?
- Yes, several hundred planned apartments could absorb some demand. That may moderate upward pressure on for-sale prices compared with a more constrained supply environment.
What local issues should I track if I plan to buy or sell in Belcourt?
- Monitor construction phases, tenant announcements, traffic and parking mitigations, and public realm improvements through official project, city, and neighborhood updates.
