Author: RICH LADEN and BREANNA JENT The Gazette
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Developer of second hotel and waterpark in Colorado Springs aims for spring groundbreaking
The developer of a second hotel and waterpark project planned for Colorado Springs’ north side said he expects to start construction in the spring after months of weather and utility delays. The Colorado Grand Resort and Hotel, which was first announced four years ago, was supposed to break ground in 2015. But developer Gary Erickson…
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Second Sprouts grocery set to open in March in Colorado Springs
Sprouts Farmers Market, the Arizona-based natural foods grocer, will expand its presence in Colorado Springs when it opens its second location March 9 on the city’s far north side. Construction is wrapping up on a 27,000-square-foot store southeast of Voyager Parkway and North Gate Boulevard; the site is part of Polaris Pointe, a 200-acre retail…
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Ex-Colorado Springs economic development official joins suburban Chicago firm
Joe Raso, who resigned in late 2014 as president and CEO of the Colorado Springs Regional Business Alliance, has joined a suburban Chicago economic development firm as its president. Raso will work with Blaine, Canada Ltd. of Wheaton, Ill., to help the company market its Synchronist Suite software and will work with clients that use…
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Two Colorado Springs-area restaurants close up shop
Two well-known local restaurants – one a mom-and-pop eatery and another that’s part of a national chain – have shut their doors. The Breakfast Club, in unincorporated Black Forest north of Colorado Springs, closed Sunday, according to a Facebook post by owner Stacy Troy. “I tried everything I could to hang on and keep things…
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Colorado Springs-area foreclosure activity in 2015 falls to 14-year low
Foreclosure activity in Colorado Springs fell to a 14-year low in 2015 as a healthier economy and an improved single-family housing market helped lead to a reduction in the number of troubled property owners. A total of 1,470 foreclosure notices were sent to Springs-area residential and commercial property owners last year, the fewest since 1,165…
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CEO of Colorado Springs Health Partners heads north for new challenge
One of Colorado Springs’ top health-care executives and business leaders has accepted a new post. Debbie Chandler, who has headed Colorado Springs Health Partners for more than 7½ years, will become president and CEO of Colorado Health Medical Group, the provider practice division of University of Colorado Health. Chandler will assume her duties with Colorado…
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Talk about your blue-light specials; Colorado Springs mall sells for deeply discounted price
Everybody’s looking for deep discounts and special sales around the holidays. But the new owners of The Citadel mall in Colorado Springs might have gotten the biggest deal of all. A New York investment group this week paid $20 million to purchase the mall, according to documents recorded Wednesday in the El Paso County Clerk…
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Start spreading the news: New York group buys The Citadel mall in Colorado Springs
The Citadel, an aging shopping mall that’s struggled to retain anchors and compete with new retail centers, has been sold to New York investors. Namdar Realty Group and Mason Asset Management have partnered to buy the Colorado Springs mall, said Elliot Nassim, Mason’s president. The deal was completed Monday; Nassim declined to disclose the purchase…
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Construction of water park resort underway in northern Colorado Springs
The new owner of the former Renaissance Hotel on Colorado Springs’ north side has launched a multi-million-dollar transformation of the property, starting work in recent weeks on the planned water park resort. Wisconsin-based Great Wolf Resorts, an operator and developer of water parks nationwide, has updated its timetable for the family-style resort – now saying…
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Commercial real estate will continue to rebound next year, forecast says
Commercial real estate’s slow recovery from the recession will gain traction in 2016 as the Colorado Springs economy continues to improve, investors look for opportunities outside of Denver and some market segments expand, according to a forecast by Quantum Commercial Group, a Springs brokerage. “Everyone we talk to, and all our clients, everybody is much,…