"If this were in LoDo, it would be going for at least $100 more per sf, maybe more," Bush tells GlobeSt.com. "East West Partners, for example, is selling units in Riverfront for more than $500 per sf."

Bush hired OZ Architecture to design the units. Oz has offices in Denver and Boulder, as well as the mountain community of Dillon. Rick Peterson, a principal of OZ, says the building takes its architectural cues from the nearby historic downtown Littleton, as well as from nearby residential buildings. It doesn't try to ape the style of LoDo condos, he says.

The development also will include 10 office condos on the ground floor of the loft building. They'll be sold for about the same price per sf as the residential units. Although not large compared to the deals he was involved with at Lowe, Littleton Station is the largest transit-orientated development in the city, Bush tells GlobeSt.com. The proximity to the existing light rail line along the Southwest light rail is what made the site appeal to him, Bush says. He bought the site, bordered by Littleton Boulevard, Prescott and Spotswood streets, and Lilly Avenue from the Suburban Parks and Recreation District.

The district had a small recreation center on the site, but earlier this year opened the much larger $11.65 million Douglas H. Buck Community Recreation Center across the street. The new center is a huge amenity for his development, Bush says.

The park district left behind two buildings on the site--one with 6,500 sf and the other with 18,000 sf. Bush will tear down the larger building and plans to remodel the smaller one. He will either sell the 6,500-sf building to a user or will lease it out.