(To read more on the multifamily market, click here.)
AURORA, CO-Lend Lease Corp., a Sydney-based internationaldeveloper, has been selected by the Colorado State Land Board todevelop 4,000 acres at the former Lowry Bombing Range. Located 25miles east of Denver in Arapahoe County, the site is expected tohold 13,000 housing units and related commercial and retail space.The estimated 30-year development is expected to commence in2010.
"We have been researching the US market for some time, lookingat regions with strong long-term fundamentals," says Ross Taylor,CEO of Lend Lease Retail & Communities, which has been lookingto grow its residential development business in the US. "Denver hasan excellent long-term growth outlook and Lowry Range is apromising opportunity in a very attractive growth corridor."
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