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$140M One Lincoln Park Under Way

DENVER-The 186-unit high rise is the first of a new breed of luxury condos coming to Downtown. With half the units already sold, the groundbreaking is a year ahead of schedule, and completion is set for early 2008.

By John Rebchook | Updated on March 21, 2006

(To read more on the multifamily market, click here.)

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.

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