William Dean Singleton is moving downtown.
In a month or so, Singleton, the publisher of the Denver Post, will be moving to a penthouse suite on the 32nd floor of One Lincoln Park at 2001 Lincoln St. Records show that he paid $1.26 million for the 4-bedroom, 3.5-bath condo with 3,043 square feet. He is still trying to sell his much larger 11,939-square-foot estate on 2.3 acres in Cherry Hills Village for $2.7 million.
He said he realizes that his Cherry Hills home will not sell for another year or two.
Singleton shopped all of Denver’s condo high-rises – Spire, Four Seasons and Ritz-Carton – before choosing One Lincoln Park.
Singleton, who can no longer walk because of multiple sclerosis, noted that One Lincoln Park is only three blocks from the Denver Post building, where he spends much of his time. Instead, he rides a motorized scooter vehicle on sidewalks.
“It’s a six-minute scooter ride from my office to my new home,” Singleton said. “To me, it really is freedom. I have a driver and he takes me where I want to go, but he can’t be available 24-7. Sometimes I find myself stuck at home (in Cherry Hills) on weekends and my wife is out of town. I’m kind of trapped.”
Singleton likes everything about One Lincoln park, which has suffered from a checkered past and slow sales. Its developer, Erik Osborn, was convicted of felony theft.
“One Lincoln is a very high quality building and has high-quality finishes,” Singleton said. “It’s 70 percent sold-out so it will be OK. And the top floor was still available.” At the Spire, he said, he would have had to combine several units to get one as large as at One Lincoln. And while he likes the amenities at the Ritz Carlton and the Four Seasons, “the Ritz-Carlton doesn’t have balconies and its views aren’t very good. The reason we bought that lot in Cherry Hills (where he built his mansion) is because of the magnificent views. I can’t imagine living in Colorado and not having a view.”
And the Ritz-Cartlon, he said, 13 blocks from the Denver Post, was too long of a haul. “I made that trip several times, back and forth on my scooter, and it gets kind of old, fast.” He also likes the aesthetics of One Lincoln. “I personally think it is the nicest looking building in downtown,” he said. The building was designed by Brad Buchanan, principal of the Buchanan Yonushewski Group.
Denver Post condo considered
Singleton also considered building a condo at the Denver Post building, at 101 W. Colfax Ave.
“After the Rocky Mountain News closed (in February 2009), we ended up with a lot of extra space and we hired an architect who designed a condo for me,” Singleton said. “We even drew up plans to build a condo there. But I was concerned I would never leave. I would leave my office to go to my condo. I think you need to detach yourself. Plus, everyone would know my business. They would know if I left the building at 2 a.m. and they would see who is visiting me.”
Tami Door, president and CEO of the Downtown Denver Partnership, welcomed the news that Singleton was trading the suburbs for downtown.
“I’m thrilled that Dean is going to make his home in the heart of downtown Denver,” Door said. “Dean moving downtown exemplifies the type of innovative, creative person that is helping to create and sustain the unique energy you find downtown.”
She is especially pleased by his choice for his home.
“One Lincoln Park is just a fabulous building and it on the edge of Arapahoe Square, an up-and-coming neighborhood in downtown,” Door said. “Decisions like Dean made will only provide more momentum to fuel growth in Arapahoe Square.”
Brian Phetteplace, manager of retail and residential development for the Downtown Denver Partnership, also was pleased when InsideRealEstateNews told him about Singleton buying the penthouse at One Lincoln Park.
“That is great news,” Phetteplace said. “That building has had some challenges, and some ups and downs, but I think it is doing well now. And that someone like Dean Singleton would make a commitment to that building, is a real vote of confidence for One Lincoln Park.
Singleton said that they are making the penthouse “ADA (American Disabilities Act) compliant and we’ve ordered some furniture for it. It should be ready for occupancy in late October or early November.”
Another thing that drew Singleton to One Lincoln Park is its proximity to his favorite watering hole – the Trinity Grille, across from the Brown Palace.
“That is kind of my place downtown,” Singleton said. “I really like the food there and they take good care of me there. And it’s only about a block from my new home. I couldn’t be happier.”
To see other recent sales at One Lincoln Park, please visit this COhomefinder.com link.
Contact John Rebchook at JRCHOOK@gmail.com