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DENVER-Osborn Development Corp. has broken ground on One Lincoln Park, a $140-million, 32-story, 186-unit luxury high rise Downtown. With half the units already sold, the groundbreaking is a year ahead of schedule, and completion is set for early 2008.
Developer Erik Osborn first became interested in the site, located at the intersection of 20th and Lincoln streets, nearly two years ago. Recognizing the potential of the property's triangular shape, along with the opportunity to create a major transit-oriented development, Osborn worked to secure the financing with other investors and closed on the site in 2004. The property is in Denver's central business district, directly across from the RTD light rail station at 20th and Lincoln streets, bordered by 20th Avenue.
Condominiums in the five-sided building will range from 800 sf to 7,500 sf. They are priced from the low $300,000s to $3 million. One Lincoln Park will include 38 customizable tower residences or penthouses, with private lobbies and high-speed elevator access. There will be a private terrace for each unit, ranging in size from 100 sf to 2,500 sf.
The Osborn Corp.'s owners, Osborn and his wife, Angela, traveled to major cities known for their "impressive skylines," which included Vancouver, Seattle, Chicago and New York to glean unique ideas for high-rise residential architecture. Together with architectural firm Buchanan Yonushewski Group, they set out to design a building unlike anything seen in Denver.
"The unusual shape of this property required a completely unique architectural design," Brad Buchanan, principal of Buchanan Yonushewski Group, tells GlobSt.com. "One Lincoln Park will dramatically change Denver's skyline and set the standard for future high-rise residential development."
Erik Osborn conducted extensive research for a master contractor and selected building specialist Swinerton based on the company's substantial history and high-rise condominium experience in California.
Erik Osborn has also announced that his company will be making a $1.5-million donation to the Denver Housing Authority to support affordable housing. In addition, Osborn Development Corp. donated $10,000 to the Denver Public Schools Foundation. "We're committed to local economic development and seeing this neighborhood thrive," Osborn says. "Supporting education is to promoting the long-term economic vitality in the Denver metro area."
One Lincoln Park will have 14,000 sf of ground-floor retail and six levels of secured parking. Other amenities will include a seventh-floor rooftop infinity pool and park area, a 24-hour door attendant, valet service, an owner's club, complete with media amenities, a gourmet kitchen and a fitness center complete with a Pilates studio and steam rooms.
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