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Unable to acquire a site on Broadway (the intersection of
Broadway and 17th Avenue, where 2UBC was located, was considered
the “100 percent corner” in the central business district of
Denver), the Bank decided to pursue the development of an office
tower on the Lincoln-Sherman block. At that time, the Lincoln-
Sherman block was on the fringe of the central business district
and was considered to be a substantially less preferable location
than the Broadway-Lincoln block. In the late 1970s, LBC acquired
land on the Lincoln-Sherman block adjacent to Motorbank I and
fronting on the corner of Lincoln Street and 17th Avenue in
contemplation of the construction of a new headquarters building
on the site.
The Board of Directors of UBD had a working committee called
the Directors' Facility Planning Committee (the Committee), which
initiated or approved all major decisions regarding the Bank's
real estate holdings. The Committee was closely involved in the
planning of the new office tower project (the Project).
In the late 1970s, Planning Dynamics Corp. (Planning
Dynamics), was retained by the Bank as a consultant for the
Project and was closely involved in the Project through 1986.
In 1979, the Gerald D. Hines Interests (the Developer) was
selected by the Bank as the developer for the Project.
In 1979, the Bank and the Developer selected the firm of
Johnson-Burgee (the Architects) to be the architects for the
Project.
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