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Developers intent on improving state of downtown housing

Developers intent on improving state of downtown housing

It has been nearly two years since the Urban Land Institute called for the creation of 250 to 300 housing units in downtown Colorado Springs, and the city has yet to see such results. But a handful of local developers are pushing through economic and bureaucratic hurdles in attempts to reach that goal. The ULI… Continue Reading Developers intent on improving state of downtown housing

Nor’Wood Development Group started construction last week on the second of three recently announced apartment projects. The North Pointe Apartments near the intersection of Rockrimmon Boulevard and Delmonico Street will include 260 one-, two- and three-bedroom units. “The first of the buildings will be delivered late next spring,” said Nor’Wood vice president Steve Sharkey. The… Continue Reading Nor’Wood starts construction on Rockrimmon apartments

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Nor’Wood taking apartment-market plunge

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Nor’Wood Development Group is diving head-first into the apartment business for the first time since the company’s infancy. It is partnering with Irvine, Calif.-based Western National Realty Advisors to build four apartment complexes with at total of 1,075 units in Colorado Springs and Fountain. “We were involved in the apartment business many, many, many years… Continue Reading Nor’Wood taking apartment-market plunge

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Nor’wood Development Group and Colorado Springs Utilities are teaming up to offer the city’s first electric vehicle charging station. And, it’ll be free – no charge to charge up. The charging station will be located in front of the Cinemark Theater in the  First & Main Town Center near Powers Boulevard and North Carefree Circle.… Continue Reading City’s first electric auto charging station opens Dec. 9

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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… Continue Reading Apartment investment firms descend on Springs market

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When the 300-room Renaissance Hotel on the north end of Colorado Springs goes to foreclosure auction in October, will anyone bid on it? Less than a year ago, investors were interested in taking over the project, near Interstate 25 and Interquest Parkway, but some watching the deal today say the bidding price, expected to start… Continue Reading Renaissance Hotel will go to auction, but who will bid?

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A Colorado Springs developer is pushing ahead with plans to build a 240-unit apartment community near Fort Carson, but the high cost of construction and tight financing could sideline the project. Despite the obstacles, Nor’Wood Development Co. President Chris Jenkins believes there are compelling reasons to push ahead on the complex, which would be located… Continue Reading Nor’wood plans apartment complex

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Art on the Streets

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The 11th annual Art on the Streets opens June 26, when 13 works will be officially introduced. There were a record 62 submission this year. Artwork in this year’s show represents the creative labor of artists from Colorado, Kansas, California, Arizona, New Mexico and Italy. “There’s no doubt in my mind this is going to be our… Continue Reading Art on the Streets

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