Under the deal, the seminary will lease its current property from Greystar until 2004, when it finishes building a new 20-acre campus at 6300 S. Santa Fe in Littleton. The new seminary is expected to cost about $15 million, and will include an administration building, library, chapel, outdoor amphitheater, classrooms and 100 student apartments.

Locally, Greystar has more than $150 million in apartment and condo communities under way.It is building the 12-story, $51 million Manhattan luxury apartment community in the Central Platte Valley; the $40 million, 116-unit Swallow Hill Condominiums in Uptown; and the $61 million, 500-unit Summit at Mainstreet across from the FlatIron regional mall in Broomfield.

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