Author: RICH LADEN and BREANNA JENT The Gazette
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Colorado Springs developer takes over Forest Lakes project in northern El Paso County
Forest Lakes, one of El Paso County’s more scenic undeveloped residential parcels, finally is moving forward more than a decade since receiving regulatory approvals. Colorado Springs homebuilder and real estate developer Classic Cos. has agreed to develop Forest Lakes for the property’s owner, a limited liability company controlled by the Kansas City, Mo., owners of…
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National restaurant chains introduce merged menu concept in Colorado Springs
Grabbing a cup of coffee to go with a bagel is nothing new. But Caribou Coffee and Einstein Bros. Bagels, two popular national chains, are bringing their specialties under one roof in a handful of locations nationwide – and debuted the concept Wednesday at a remodeled Einstein Bros. in downtown Colorado Springs. Merging the two…
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Home of longtime Colorado Springs business might give way to northside retail center
A new chapter is being written for Current USA Inc., once one of Colorado Springs largest employers and whose home-grown roots date to the late 1940s. Realm Realty, a Houston-based real estate company that buys and develops retail centers, has contracted to purchase Current’s 77-acre campus southeast of Interstate 25 and Woodmen Road, said Patrick…
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Colorado Springs foreclosure activity declines in August
Local foreclosure activity slowed again last month, a report from the El Paso County Public Trustee’s Office showed. The number of properties in El Paso County that were served with foreclosure notices totaled 99 in August. That was down almost 11 percent from the same month last year and the fewest number of foreclosure starts…
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Colorado Springs-area homebuilding surges again in August
Home construction remained on a hot streak last month in Colorado Springs and surrounding areas, according to a report Tuesday by the Pikes Peak Regional Building Department. Here’s a look at August’s report, the reasons behind a recent surge in homebuilding and what some builders say will happen next: – The numbers: In August, the…
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Smaller Colorado Springs apartment projects offer a big lifestyle alternative
Bigger might be better, but smaller has its advantages, too. While sprawling apartment complexes with several hundred units are taking shape in fast-growing parts of the Pikes Peak region, a handful of smaller apartment projects are popping up in older areas. They offer opportunities for mom-and-pop developers, an alternative lifestyle for renters and a chance…
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Judge upholds annexation agreement for Colorado Springs’ Banning Lewis Ranch
A federal judge has rejected an attempt by the owner of the Banning Lewis Ranch to get out from under an annexation agreement that governs the property’s development, handing Colorado Springs a victory in its efforts to maintain regulatory control over the sprawling ranch that makes up most of the city’s east side. Even so,…
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Colorado Springs foreclosure picture continues to improve, report shows
Foreclosure activity in Colorado Springs continues to decline from its recessionary highs, according to a report Thursday by CoreLogic, a California-based national housing data firm. The Springs’ foreclosure rate – measured by the percentage of local loans in some stage of foreclosure – dropped to 0.64 percent in June, down from 0.82 percent during the…
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Colorado Springs official take first step toward declaring South Nevada an urban renewal site
Blighted conditions along Nevada Avenue south of downtown make the corridor a prime candidate to become Colorado Springs’ next urban renewal project, according to a consultant’s report. The city’s Urban Renewal Authority on Wednesday voted 5-0 to accept the report by the Ricker-Cunningham real estate advisory firm of suburban Denver – a key first step…
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Colorado Springs home prices rise nearly 5 percent in the second quarter, new report shows
Colorado Springs home prices rose again in the second quarter, although at a slightly slower rate than at the beginning of the year and the slowest of any metropolitan area in Colorado, according to a report this week by the Federal Housing Finance Agency. Second quarter prices increased by 4.9 percent when compared with the…