Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LITTLETON, CO-Jonathan Bush, who at Lowe Enterprises, dealt with buying and managing high-rise office buildings and large industrial sites, is tackling a 35-unit, $18 million transit-oriented development in this city 25 miles southwest of downtown Denver. Littleton Station will include 12 townhomes and 23 loft units. The townhomes will range in size from 2,000 to 2,200 sf and will sell from about $250 to $260 per sf. The lofts will range from about 1,000 sf to 1,500 sf.

“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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.