DHN Planning & Development is conducting research to decide whether to move forward with downtown apartments. DHN owner Dasey Nicklasson began circulating a survey earlier this month asking whether people who work downtown might want to live there too. She is considering building an apartment project within five or six blocks of Pikes Peak Avenue and [...] [...]
Out-of-state investors are eying Colorado Springs’ rapidly improving apartment market. The average rent in Colorado Springs hit a record high during the third quarter of this year as vacancy rates dropped to their second-lowest in a decade, according to a report from the Colorado Division of Housing. The Colorado Springs market was depressed longer and [...] [...]
Nor’Wood Development Group will break ground on a 240-unit apartment development in Fountain on Monday, Oct. 17. The $30 million project, called the Mesa Ridge Apartments, will be located about two miles from Fort Carson’s Gate 20 and just down the road from the thriving Markets at Mesa Ridge retail development. Plans call for 84 [...] [...]
Nor’Wood Development Group will break ground on a 240-unit apartment development in Fountain on Monday.
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A Florida-based apartment and investment company purchased its second apartment community in Colorado Springs. [...]
Colorado’s hot apartment market has prompted at least two out-of-town investment companies with ambitious goals and deep pockets to zero in on Colorado Springs. The real estate companies, Advenir and Seagate Properties, have plans to acquire thousands of apartment units in Colorado during the next two years. Both made their entrances into Colorado through acquisitions [...] [...]
This week, 10 apartment buildings that will house 230 luxury living units began to emerge at the undeveloped corner of Woodmen Road and Union Boulevard. But, getting to this point has been a long — and expensive — road. Developer John McWilliams of Talos Holdings said the project, called the Peaks at Woodmen, took two [...] [...]
Christie Mackey’s two-bedroom apartment at Galley Manor is a nice place. There’s glimmering new tile in the dining room and kitchen, tile countertops, new carpet, six-panel doors, fresh paint and new energy-efficient windows. “Oh man,” she said. “Everything you see is new. There was not a lot of TLC here, for sure.” Mackey is both [...] [...]
Home construction rose at the fastest rate in 20 months, pushed up by a spike in apartment building. But construction of single-family homes declined, a sign that demand for housing remains weak. Builders broke ground on new homes and apartments at a seasonally adjusted annual rate of 596,000 units, a 14.6 percent jump from December. [...] [...]
It has been a renter’s market in Colorado Springs for most of the last decade, but that’s about to change. Demand for apartments and rental homes is up because homeowners whose houses have been foreclosed upon are renting now, and builders are holding off on constructing apartment complexes until the economy strengthens. Rental vacancy rates [...] [...]
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