Tag: units
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Apartment construction slows after years of frenzied building in Colorado Springs
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The red-hot pace of Colorado Springs-area apartment construction turned ice cold last year. From 2019 to 2023, multifamily developers pulled permits to build just over 14,000 apartments in the Springs and surrounding El Paso County — one of the hottest stretches of local apartment construction in recent memory that averaged a little more than 2,800…
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Downtown Colorado Springs tower’s height reduced from 36 floors amid developer concerns
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A controversial proposed 36-story, 400-foot-tall apartment tower proposed for downtown Colorado Springs has shrunk in size to 27 stories and 300 feet, its developer says. The reduced height, however, isn’t a concession to community members who’ve complained the project would disrupt mountain views or be out of place with downtown’s skyline, where the Wells Fargo…
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New apartment project planned for busy 8th Street corridor on Colorado Springs’ west side
Facebook Twitter WhatsApp SMS Email Print Copy article link Save A familiar retail building along Eighth Street on the city’s west side would be torn down to make way for an apartment complex as developers continue to eye Colorado Springs for more multifamily housing. Blackburn Communities of Oxford, Miss., the multifamily development arm of the…
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Rents have tumbled after an apartment surge in Colorado Springs means rents are on their way down
The number of Colorado Springs-area apartments standing empty rose again in late 2023, while rents also fell — the fallout from an oversupply of units that have opened in recent years, one industry expert said. A recently released, statewide report by 1876 Analytics, an affiliate of Denver-based Apartment Appraisers & Consultants, shows Colorado Springs’ apartment…