The project is near Dove Valley, where the Denver Broncospractice. Units in the first phase are priced from $116,000 to$149,900, making it one of the most affordable new projects plannedalong the tight southeast corridor, says Peter Neukirch, presidentand CEO of the Southeast Business Partnership. The first phase willconsist of 80 units and is slated for completion by the end of2001.

Under a program that Neukirch hopes will serve as a model forother developers, Developing Equities has marketed the first phaseto southeast business partners. It has been marketed to DouglasCounty schoolteachers, entry level clerical workers at OppenheimerFunds, Merrill Lynch, American Century Investments and Great WestLife Assurance Co., as well as retail workers from nearby stores."This is another significant achievement by the Southeast BusinessPartnership," Neukirch told GlobeSt.com. "It's a milestone towardour goal of providing affordable housing for our primary workers,those earning $10 to $20 an hour."

The project has taken two years of negotiations and planning."This program has been planned and designed with the SEBP PrimaryWorker's housing vision in mind and has come to fruition with thedeveloper's desire to satisfy this very important housing need,"says Jeffrey Kirkendall of Developing Equities Group.