Author: RICH LADEN and BREANNA JENT The Gazette
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Pace of first-half homebuilding remains strong in Colorado Springs
The pace of local homebuilding, which has shown no signs of a slowdown, now is on track to reach a 13-year high, a new report shows. The Pikes Peak Regional Building Department issued 403 permits in June for construction of single-family homes in Colorado Springs and surrounding El Paso County, a 16.5 percent increase over…
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Filling empty retail space can be a daunting task in Colorado Springs
Big retail spaces can create big headaches when their doors close. It’s often tough to find replacement retailers for so-called big-box stores of more than 50,000 square feet and junior boxes of 20,000 to 40,000 square feet, some commercial real estate experts say. And as brick-and-mortar sales sag and some chains downsize or go out…
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Redevelopment plan for southwest downtown gearing up again
An ambitious redevelopment plan for southwest downtown is moving forward again, which could lead to thousands of residences, offices, stores, restaurants and hotel rooms as part of a $2 billion transformation over the next two decades. The Colorado Springs Urban Renewal Authority on Wednesday approved a consultant’s report that found blighted conditions in southwest downtown…
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UCCS plants flag in downtown Colorado Springs with satellite location
The University of Colorado at Colorado Springs is growing again — this time in the heart of downtown. UCCS, one of the state’s fastest growing universities and colleges, announced Monday it will establish a satellite location at 102 S. Tejon St. in Colorado Springs, just south of Tejon and Colorado Avenue. UCCS Downtown, as it…
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Bitcoin mining coming to Colorado Springs?
Colorado Springs apparently is about to take its place among the ranks of cities becoming home to the complicated and confusing world of bitcoin mining and cryptocurrency. A California-based limited liability company, 3G Venture II, paid $13 million last week for a large portion of the former Intel chipmaking complex along Garden of the Gods…
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In-N-Out Burger to be on prized corner in northeast Colorado Springs
In-N-Out Burger is getting closer to being more in than out in Colorado Springs. The ultra-popular California chain’s first Colorado restaurant will be built squarely on the southeast corner of InterQuest and Voyager parkways in the Victory Ridge mixed-use development on Colorado Springs’ far north side, according to documents submitted to city planners this week.…
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As Colorado Springs grows, new restaurants and stores target the city for expansion
They’re not new names, but they’re new to Colorado Springs. Hurts Donut Co., LongHorn Steakhouse and Duluth Trading Co. have opened their doors. In-N-Out Burger, Anthony’s Pizza and Chuy’s are among the many that are coming. As Colorado Springs’ economy booms and its population grows, a wave of new-to-market restaurant, retail and entertainment concepts is…
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Colorado Springs homes selling at one of the fastest clips in the nation
Homes for sale in Colorado Springs can be here today and gone tomorrow. And, in some cases, they’re here today and gone today. Single-family homes in the Springs typically sell within about six weeks – a pace that ranks the city among the top 10 metro areas in the nation when it comes to how…
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Colorado Springs home sales dip in May, but prices set record highs as demand remains strong
Colorado Springs-area home sales slipped in May for the third straight month, the Pikes Peak Association of Realtors reports. But it’s the tight supply of homes being listed, not a softer market, that’s to blame for the decline in sales, said Rick Van Wieren, a real estate agent with Re/Max Properties in Colorado Springs. Inventory…
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Pace of Colorado Springs homebuilding soars in May
Like the weather, the pace of Colorado Springs-area homebuilding is heating up. In May, the Pikes Peak Regional Building Department issued 443 permits for the construction of single-family homes in El Paso County, according to a report Friday by the agency. Last month’s permit total surged nearly 29 percent over the same month a year…