Opus Northwest is pleased to announce the start of construction on the second phase of the Lincoln Commons Retail District at Ridgegate (a mixed-use sustainable community located in Lone Tree, CO). This phase of the Lincoln Commons Retail District (Lincoln Commons) will add approximately 100,000-square-feet of retail space upon completion in the summer of 2010, with the overall build-out of Lincoln Commons expected to total over 600,000-square-feet of mixed-use development. Opus will serve as the developer and design-builder of the project and The Mulhern Group is the architect. The project owner is Lincoln Commons North, Inc.
“We’re very excited to be underway with construction of the second phase of this already successful project,” said Marshall Burton of Opus Northwest. “Ridgegate is one of the most successful developments in Colorado, and it will continue to grow carefully during the next 20-plus years with a long-term, new-urbanist commitment to live and walk, access, amenities and scale. Opus is proud to continue its relationship with Coventry Development and apply its experience in fee-based work to Ridgegate’s retail program.”
“Ridgegate is a walkable mixed-use community and having this additional retail, with more shopping and dining choices all within walking distance for residents and workers, is another welcome addition,” said Keith Simon of Coventry Development Corporation, the local agent for RidgeGate Investments, Inc. and Lincoln Commons North.
“Leasing for the project has experienced continued positive momentum,” said Celeste Tanner of Opus Northwest. “We are of course very excited to have Sprouts join the center and they will be accompanied by a strong tenant roster, including QDoba Mexican Grill, Runners Roost, Garbanzo Mediterranean Grill, Einstein Bros. Bagels, Cook Creek Dental Group, and CoreFirst Bank.”
The first phase of Lincoln Commons, completed in 2005, includes a Super Target, a two-level parking deck and a multi-tenant retail building, with tenants including Via Baci Restaurant, Costa Vida Restaurant, AT&T and Ironstone Bank.
“Given RidgeGate’s focus on the health, wellness and balance of people’s lives, having a Sprouts Market as our anchor for this second phase helps us to achieve that goal,” commented Simon.
The development has direct access to Lincoln Avenue and Ridgegate Parkway, which directly connects to the new I-25/Ridgegate Parkway Interchange (projected to carry over 30,000 cars per day; with Lincoln Avenue projected to carry over 40,000 cars per day).
Located one mile south of the Park Meadows Mall in Lone Tree, Lincoln Commons is strategically located on the high volume Lincoln Avenue and is surrounded by some of the highest demographics in the nation. With 200,000-square-feet of retail space currently complete, additional 500,000-square-feet of space are planned or underway. Visitors will enjoy high drawing regional boxes, entertainment, dining, and specialty shops in a pedestrian-friendly, mixed use environment and can look forward to a boutique hotel, offices, a Douglas County Regional Library and the Lone Tree Performing Arts Center Lincoln Commons Retail/Mixed Use District is an important part of Ridgegate. The vision for Ridgegate is becoming a reality with over 1 million square feet of commercial use, including the Sky Ridge Medical Center, over 650 homes, the Lone Tree Recreation Center, two parks and Phase 1 Lincoln Commons already complete.
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About Opus Northwest
Opus Northwest, L.L.C., is a full-service design-build development firm with expertise in office, industrial, retail, multifamily, government and institutional projects since starting operations in 1974. Headquartered in Minneapolis, Opus Northwest has offices in Denver, Kansas City, Portland, Seattle, and St. Louis. Currently, Opus Northwest has more than 3.3 million square feet under development and has signed more than $150 million in third-party construction contracts since the beginning of the year. Committed to creating great real estate, Opus implements best practices in sustainable design and construction to maximize building performance and reduce environmental impact. For more information, visit www.opuscorp.com and follow us on www.twitter.com/opuscorp.