DENVER – July 15, 2008 – Lend Lease Communities today announced a joint-venture agreement with Lauth®, one of the nation’s leading development and construction firms, for the development of a 60,000-square-foot build-to-suit commercial site at Horizon Uptown. The agreement is for a three-story building to be constructed on five acres in the northwest corner of the 500-acre development.
“Lauth brings a substantial amount of expertise and market knowledge to this partnership,” said Greg Ochis, project director for the Horizon Uptown development. “In addition, the company’s commitment to sustainability is aligned with our vision to bring the first truly sustainable mixed-used development to Aurora.”
Plans for the build-to-suit building include 20,000 square feet per floor. In addition, the project will be LEED Gold-certified at a minimum. Once the building is 30 percent pre-leased, Lauth will enter into a detailed design, permit and construction process.
“This will be a prime site for any company seeking a strategic location adjacent to two major highways and minutes from Denver International Airport and Buckley Air Force Base,” said David Lanzer, Vice President for Lauth. “Lauth is excited to partner with Lend Lease Communities to develop this integral part of Horizon Uptown’s business community.”
This will mark the latest sustainable building developed by Lauth, the nation’s 13th largest commercial real estate developer according to Commercial Property News. Last week the company topped out Montecito Point, an 187,000-square-foot, LEED Registered building in Las Vegas. The company is also constructing NASCAR® Plaza, a 20-story world class, LEED Registered office tower in downtown Charlotte, NC. Last year Lauth opened one of the largest green distribution facilities in the nation, a 525,000-square-foot, LEED Silver Certified building for REI in Bedford, PA.
Cushman & Wakefield of Colorado Inc. will be responsible for marketing the site to potential tenants. The building, located just off Interstate 70, will be highly visible from the highway.
Horizon Uptown recently received approval of its Framework Development Plan from the City of Aurora. Next up for the project will be the creation and approval of a contextual site plan, which will outline infrastructure and landscape improvements for the first phase of the project. This plan is scheduled to be completed this year.
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About Horizon Uptown
Horizon Uptown will have up to 4 million square feet of office space, targeting healthcare, aerospace, defense-related, professional/scientific/technical and administrative/support services. In addition to a commercial component, Horizon Uptown will have approximately 1.3 million square feet of retail space (neighborhood, large-format and lifestyle) and 3,800 residential units. Horizon Uptown is also among a select group of sustainable developments nationwide chosen by the U.S. Green Building Council to participate in the Leadership in Energy and Environmental Design for Neighborhood Development (LEED-ND) Pilot Program. Projects will meet standards for urban planning, green construction, education and job opportunities and transportation and technology initiatives.
About Lend Lease Communities
Lend Lease Communities LLC understands the importance of building lasting and sustainable communities that not only protect but also regenerate our environment. Lend Lease builds communities that will stand the test of time, enrich people’s lives and foster economic growth. Partners that choose Lend Lease Communities are beneficiaries of the company’s global real estate experience, deep organizational capabilities and unmatched financial strength. Lend Lease Communities is a subsidiary of the Lend Lease global family, which includes Actus Lend Lease, Bovis Lend Lease and Delfin Lend Lease. Global projects of note include Statue of Liberty restoration, Greenwich Peninsula in London, Time Warner Center in New York, the Sydney Olympic Village and New York’s Grand Central Terminal renovation. Lend Lease Communities is based in Denver.
Lend Lease Communities LLC understands the importance of building lasting and sustainable communities that not only protect but also regenerate our environment. Lend Lease builds communities that will stand the test of time, enrich people’s lives and foster economic growth. Partners that choose Lend Lease Communities are beneficiaries of the company’s global real estate experience, deep organizational capabilities and unmatched financial strength. Lend Lease Communities is a subsidiary of the Lend Lease global family, which includes Actus Lend Lease, Bovis Lend Lease and Delfin Lend Lease. Global projects of note include Statue of Liberty restoration, Greenwich Peninsula in London, Time Warner Center in New York, the Sydney Olympic Village and New York’s Grand Central Terminal renovation. Lend Lease Communities is based in Denver.
About Lauth®
Since 1977, Lauth has been building facilities for clients to lease or own throughout the United States. Lauth’s years of solid experience, coupled with completed projects worth billions, make it a leading national development firm. Lauth delivers virtually any type of facility, including healthcare, industrial, office and retail, from offices in Indianapolis, Charlotte, Dallas, Denver, Orlando and Phoenix. Additional Lauth information is available at www.lauth.net.
Since 1977, Lauth has been building facilities for clients to lease or own throughout the United States. Lauth’s years of solid experience, coupled with completed projects worth billions, make it a leading national development firm. Lauth delivers virtually any type of facility, including healthcare, industrial, office and retail, from offices in Indianapolis, Charlotte, Dallas, Denver, Orlando and Phoenix. Additional Lauth information is available at .