Post Properties broke ground in December, 1997, on
ROBERT STEUTEVILLE    JAN. 1, 1998
Post Properties broke ground in December, 1997, on redevelopment of the 27-acre former St. Lukes Hospital site in Denver, Colorado. Post Apartment Homes of Uptown, a high density urban neighborhood, will have 1,000 new residential units, 50,000 square feet of ground floor shops, restaurants and offices, and two 500-space parking garages. Most of the residential units will be apartments, but a small number of townhomes will be built. The $75 million project, adjacent to Denver’s central business district, will feature buildings with no setbacks and streets that connect directly to the city grid. Designed by RTKL Associates of Washington, D.C., Post Apartment Homes is a smaller version of Post’s Addison Circle project in Addison, Texas. The project was initiated by Columbus Realty Trust, recently bought by Post Properties of Atlanta, Georgia. With Columbus under its wing, Post is one of two real estate investment trusts in the U.S. specializing in projects featuring pedestrian-oriented urban design. The other is Federal Realty Investment Trust of Bethesda, Maryland.