Kensington Development Partners and IM Properties have acquired a 150-acre land parcel in Denver for the development of a new mixed-use project called Link 56. Located in the Green Valley Ranch/DEN International Airport submarket, Link 56 will feature approximately 250,000 square feet of commercial space and around 2,000 rental units. The master-planned development will also include approximately 27 acres of parks and open space, offering a blend of urban convenience and natural surroundings.
Construction on Phase I of Link 56 is scheduled to begin immediately, with a projected investment of $235 million. Planned components of the first phase include:
– A 150,799-square-foot Target store that will serve as a major retail anchor.
– A 214-unit Class A multi-family development, featuring modern two- and three-story garden-style apartments across 13 buildings.
– A 170-unit Class A built-to-rent (BTR) townhome community spanning approximately 11 acres, offering two-story residences designed for flexible living.
– A vibrant mix of retail and dining destinations, consisting of stand-alone and multi-tenant retail pads. Leasing discussions are currently underway with prospective tenants from the restaurant, coffee, general retail, and automotive sectors.
Link 56 aims to enrich the community with a thoughtfully designed blend of residential, retail, and recreational space.
