Building boom takes shape in downtown Colorado Springs
Three construction cranes in downtown Colorado Springs are three more than most people have seen in years.
While cranes might be common in Denver, they signal a reinvigorated downtown for Colorado Springs. About $620 million in downtown projects - including apartments, hotels, offices, restaurants and public improvements - either have been completed in recent years, are underway or are on the drawing board, according to the Downtown Partnership advocacy group.
"It is definitely more development than we've seen in anyone's recent memory," said Laurel Prud'homme, a partnership spokeswoman.
The 13-story Plaza of the Rockies south tower, completed in 2001, was downtown's last high-rise. Now, a new 10-story hotel is underway and could be joined by other multistory buildings.
A stronger economy is one reason for the spate of construction. But some projects also are market driven, Prud'homme said.
New apartments, for example, will cater to baby boomers and young professionals - not just millennials - who want to live within walking distance to stores, restaurants and bars downtown.
"That's what people want," Prud'homme said. "That's what we're seeing coming to downtown."
Hilton garden inn
• 10-story, 167-room hotel with first-floor retail and other commercial uses.
• Southeast corner of Bijou Street and Cascade Avenue.
• Status: Under construction. Expected completion in 2018.
• Seven-story, 120-room hotel.
• Southeast corner of Nevada Avenue and Kiowa Street.
• Status: Pending. Pueblo developer seeking a renewed urban renewal designation to spur project’s development.
• 60,000-square-foot venue to house exhibits honoring the nation’s Olympic and Paralympic movements.
• Vermijo Avenue and Sierra Madre Street.
• Status: Under construction. Expected completion in 2019.
• Five-story, 171-unit apartment building.
• Southwest corner of Colorado and Wahsatch avenues.
• Status: Under construction. Expected completion in summer 2018.
Park Manor East
• Five-story, 20-unit apartment building.
• West of Monument Street and Mesa Road, on the edge of Monument Valley Park.
• Status: Under construction. Expected completion in early 2018.
• Remodeling of downtown facilities and surrounding property.
• Northeast corner of Nevada Avenue and Bijou Street.
• Status: Pending. YMCA has finalized an agreement with a development partner for south side of the block; working with an out-of-state developer to determine land uses for north side of the block.
Winfield Scott block
• Remodeling and expansion of buildings on 500 block of South Tejon Street, including addition of Atomic Cowboy, Fat Sully’s Pizza and Denver Biscuit Co.
• Northwest corner of Tejon Street and Moreno Avenue.
• Status: Pending. Expected completion in 2018.
609 S. Cascade Ave.
• Five-story, 184-unit apartment building.
• Northeast corner of Cascade Avenue and Rio Grande Street.
• Status: Pending. Construction scheduled to begin in December; expected completion in 2019.
City Auditorium block
• New mixed-use project with commercial, residential and retail uses.
• Northeast corner of Nevada and Pikes Peak avenues.
• Status: Pending. Colorado Springs developer seeking a renewed urban renewal designation to spur project’s development.
• Nine-story, 230-room hotel.
• Southwest corner of Tejon and Costilla streets.
• Status: Pending. Colorado Springs group seeking an urban renewal designation to spur project’s development.