Slideshow: South Nevada Avenue set for a new burst of development

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  • South Nevada Avenue is set for another burst of activity and transformation in the coming weeks. Construction has been a staple in the urban renewal area over the past year, but behind the scenes and the growing row of retail storefronts, hundreds of wheels are turning on projects that will breathe new life into the area south of Ramona Avenue and the long-neglected Cheyenne Creek itself.
  • Working with the Colorado Springs Urban Renewal Authority, three developers — Sam and Kathy Guadagnoli, Danny Mientka and Walt Harder — are heading major projects on the west side of South Nevada. Harder owns the property where Natural Grocers relocated in October, as well as the building where Zöes Kitchen opened in January.
  • Five Guys, a fast casual burger restaurant, is taking the last vacant space in the other building Harder owns, between Chick-fil-A and Zöes Kitchen.
  • Fast-casual restaurants Smashburger and Tokyo Joe’s will be opening in the coming weeks, in the Guadagnolis’ new 8,088-square-foot retail building on South Nevada.
  • European Waxing Center (a national chain) and a locally owned restaurant will also open in the new building, next to the historic Ivywild Pharmacy.
  • Five Guys, a fast casual burger restaurant, is taking the last vacant space in the other building Harder owns, between Chick-fil-A and Zöes Kitchen.
  • This week sees The Equity Group, owned by Mientka, close on the final two of 27 parcels of real property in the area between Cheyenne Road and Ramona Avenue, west of Nevada Avenue. On Aug. 22 Mientka’s group will present its financing plan to the Urban Renewal Authority board, seeking approval for financing of a planned shopping center called Creekwalk. Mientka is holding back most details until the board meeting, but he said Creekwalk will be seven buildings, roughly 60,000 square feet, and will boast six to eight restaurants.
  • After neighborhood and stakeholder meetings, Mientka expects the plans to make their way through the planning commission and city council in December to early January, and expects to see financing closing in the first quarter of 2019. A sequential plan for relocation, remediation and demolition will be launched immediately afterward.
  • One of the buildings to come down will be the boarded-up 1778 S. Nevada Ave., which Mientka said  was “unsafe and represented the extreme end of the blight.”
  • The Dunkin' Donuts being built on the east side of South Nevada is not part of the Urban Renewal Agreement, but the revitalization of the area is spurring new projects.
  • Learn more about South Nevada's massive makeover in the Aug. 18 edition of the Business Journal.

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