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DENVER-Agatha Kessler, born into a real estate family in Hong Kong, raised in London and educated at Oxford, plans her first solo development in the historic Baker neighborhood south of Downtown. Kessler arrived in Denver five years ago and has consulted on two other luxury Denver condo projects--One Lincoln Place and Portofino Towers.

But she plans to make her mark as an infill developer with the seven-story, $50 million Watermark development, which will have nine, two-story brownstones with architecture reminiscent of historic homes in London, as well as 73 flats and nine penthouse units. Units will be priced from about $300,000 to $1.3 million and they will range in size from 886 sf to 3,100 sf. Kessler says most of the $1 million-plus units sold based solely on word-of-mouth. The site also includes a 6,000-sf historic mansion that either will be sold as a bed and breakfast, a private residence or a professional office. Kessler tells GlobeSt.com that she hopes it is turned into a B&B, because the site is close to Denver Health, an inner-city hospital. "I think if a loved one is sick, visiting family would prefer to stay at a bed and breakfast than at a hotel," she tells GlobeSt.com.

Swinerton Construction will break ground on March on the 222,250-sf building at 4th Avenue and Acoma Street. Kessler loves the neighborhood, which she says had more Queen Anne-style homes than any other neighborhood in Denver. "It really is the next Washington Park," comparing it to one of the most expensive old-time neighborhoods in Denver.