(To read more on the multifamily market, click here.)

AURORA, CO-Lend Lease Corp., a Sydney-based international developer, has been selected by the Colorado State Land Board to develop 4,000 acres at the former Lowry Bombing Range. Located 25 miles east of Denver in Arapahoe County, the site is expected to hold 13,000 housing units and related commercial and retail space. The estimated 30-year development is expected to commence in 2010.

“We have been researching the US market for some time, looking at regions with strong long-term fundamentals,” says Ross Taylor, CEO of Lend Lease Retail & Communities, which has been looking to grow its residential development business in the US. “Denver has an excellent long-term growth outlook and Lowry Range is a promising opportunity in a very attractive growth corridor.”

Lowry Range is the second project for Lend Lease in the Denver area. In June 2006, it acquired the Horizon City development site, which has planning approval for approximately 3,000 dwellings and 4.1 million sf of mixed-use space.

Lend Lease also bid on the development of an adjacent 16,000-acre conservation site but did not win. Another 4,500-acre adjacent site that is slated to be a reservoir will be awarded within six months.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


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 © 2024 ALM Global, LLC. All Rights Reserved.