Driven by rising prices, available land and high demand, real estate development in northern Colorado Springs is percolating at a record pace and helping to drive the city’s economy. “We continue to see large growth in all sectors of development — single family, multifamily and commercial,” said Catherine Carleo, principal planner for the city of […]
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New businesses, restaurants and housing are springing up in the urban renewal area that encompasses the South Nevada Avenue and South Tejon Street area — and a lot more is expected to happen in the next two years, including a new hotel. Three developers — Sam and Kathy Guadagnoli, Walt Harder and Danny Mientka — […]
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A powerhouse real estate partnership that includes Griffis/Blessing, Culebra Properties (a Lane family entity) and Nor’wood Development Group recently broke ground for The Cascades, a 184-unit downtown apartment development. Situated on a half-block parcel on the northeast corner of Cascade Avenue and Rio Grande Street, the complex will, according to a memorandum sent to potential project […]
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Commercial real estate sees large developments in 2017 Current and future commercial developments have many in the Pikes Peak region excited about the future. The city saw the opening of multiple new businesses, as well as ongoing development and construction starts around Colorado Springs, including the Ent Center for the Arts at UCCS, the U.S. […]
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Foreclosures in Colorado Springs continue to drop in 2017, according to the latest news from CoreLogic, a global property company that focuses on analyzing markets. The local numbers reflect a growing trend. In the Springs, mortgage delinquencies are down .8 percent from this time last year, with 2.6 percent of homes mortgages in some stage […]
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When Raj Nakka wanted to sell his Monument home, he contacted a Realtor. And when Monica Breckenridge with Pink Realty recommended a home stager, he was all for it. While he says he never would have thought of hiring someone to decorate his home to make it more attractive to buyers, he’s pleased with the […]
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Lower commercial real estate vacancy rates led to higher rents in the second quarter of 2017, compared to the first quarter of the year, according to the latest Colorado Springs market numbers. Caleb David, broker at Cameron Butcher Commercial Real Estate, said increased demand over the summer is fueling rent hikes. “We’ve seen rates go […]
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Guests stood in the empty office space at the open house of a vacant manufacturing building and warehouse in Fountain on July 26. They gathered to listen to presentations encouraging businesses to occupy the vast space. The 362,291-square-foot building located at 702 Bandley Drive, just east of Interstate 25, has been empty since 2007, but […]
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A tight residential real estate market and growing demand for housing have led to creative redevelopment and infill projects throughout Colorado Springs — but perhaps most noticeably on the Westside, where houses and multifamily buildings are going up on long-unused lots. GJ Gardner Homes is building an $800,000 modern duplex on a vacant lot at […]
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All signs point toward a bullish housing market in Fountain. The city’s Economic Development Manager Kimberly Bailey said that Fountain is seeing its strongest speculative housing development in nearly 15 years — resulting from a historic regional demand for affordable residential real estate. “Right now we have about 3,200 housing plan submissions in the funnel,” […]
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In the rapidly growing and competitive housing market, companies nationwide are finding it necessary to innovate in order to entice potential homebuyers to purchase properties. Toward that end, Colorado Springs-based homebuilder Vantage Homes recently introduced a new method for viewing and touring its many model homes — without even setting foot outside. On March 1, […]
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