Broe Real Estate Group is on to Phase 2.

The Denver-based development firm completed an 8-story office building at 200 Clayton St. in 2023. It had planned to quickly follow that with construction on an even larger building to the north.

But the firm ended up taking a pause that lasted more than two years.

BREG CEO Doug Wells said Wednesday that was in part due to the firm’s capacity. It spends $200 million to $300 million on construction a year on projects around the country, he said, and can only focus on so much at a time.

But it was also about taking the time to do things right, he said.

“It’s intended to be a long-term ownership hold for the Broe family,” he said of the two buildings.

That pause is ending. BREG, which is part of industrialist Pat Broe’s Broe Group, will begin dem

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