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Ground Breaking on $100-Mil Condo Project

DENVER-It's taken Mickey Zeppelin 18 years to start work on his Greenhouse condo development. Back then, units would have been priced starting at $60,000. And even though they'll start at $160,000 now, they'll be the most affordable new units in the area.

By John Rebchook | Updated on August 16, 2001

DENVER-Developers sometimes gripe that it might take a year or two to get a project off the ground. But veteran urban developer Mickey Zeppelin has one for the books–he’s waited 18 years to develop his Greenhouse condominium project in Cherry Creek, a trendy neighborhood about three miles southeast of the central business district.

He’ll finally break ground on the first phase of the 220-unit project on the east side of Cherry Creek on Aug. 14. The first phase in the $100-million venture, the biggest of Zeppelin’s career, will have 58 units, half of which have been sold. he tells GlobeSt.com that he had enough contracts at one point to sell all of the units, but there were so many delays that many of the buyers went elsewhere.

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