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DENVER-The Massachusetts Institute of Technology Center for Real Estate recently gave Denver developer Randy Nichols, principal of the Nichols Partnership, its Spaulding Award for its Clayton Lane mixed-use development in Cherry Creek North. The Spaulding Award honors the “leadership, energy, and vision” of Hank Spaulding personified in his work and through the Center for Real Estate at the Massachusetts Institute of Technology.

It is given to a graduate of the center whose work in the industry has “enriched the profession and/or who has demonstrated involvement in the community” through service or leadership.” Clayton Lane, at the intersection of First Avenue and University Boulevard, is a 485,000-sf, $150-million mixed-use development on the former parking lot for the Sears Roebuck & Co. store in the heart of Cherry Creek North. The project includes more than 130,000 sf of new retail space to augment 180,000 sf of existing retail space, including a soon-to-open Crate & Barrel. A 55,000-sf Whole Foods Market is the anchor tenant.

It also includes 25 luxury condominium under construction, a class A 175,000-sf office complex for the world headquarters of Janus, the 196-room JW Marriott hotel and 1,600 new parking spaces.

Randy Nichols, the principal behind The Nichols Partnership, has more than 20 years of experience in real estate development, including properties in Denver, Boulder, Ft. Collins and St. Louis. He is a member of the Urban Land Institute, the MIT Center for Real estate, and the Colorado University Real Estate Council.

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