Work Begins on Observatory Place Near DU

When completed in August 2007, Observatory Place will feature 75 luxury condominiums in a five-story, structural steel and masonry building designed to reflect the architectural of the nearby University of Denver campus. (Rendering courtesy of DesignEdge)

Demolition of the former Rocky Mountain United Methodist Church administration offices at South University and East Evans in south Denver is under way, clearing the way for Observatory Place, a new 75-unit luxury condominium development.

DesignEdge in Denver is the architect for the project, under development by Allen Anderson and Dan McCoy of Observatory Place LLC. Shaw Builders LLC is the contractor.

The five-story building, which will sit atop a private underground parking structure, will offer units from 936 to 1879 sq ft, ranging in price from $197,500 to $750,000.

University of Denver faculty, staff and alumni have taken advantage of introductory pricing to make sale commitments on about 65 percent of the one- and two-bedroom units.

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"We established early that the proximity of the DU campus was a very attractive offering for the marketplace," developer Anderson said. "The campus offered the educational, arts and entertainment elements, along with the physical surrounding of a historically and architecturally rich campus environment."

The project's structural steel and masonry building is designed to reflect the architectural beauty of the DU campus. The project is located in the heart of one of Denver's most desirable neighborhoods, University Park, where homes routinely sell for $600,000 to $2 million.

Observatory Place is scheduled for completion in August 2007.

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