apartments
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Denver considers 5x harsher fines against landlords not up to code
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If a residential unit in Denver doesn’t have a smoke alarm installed, Denver can currently fine the landlord up to $999 after a warning and several citations. But soon, penalties could stack up to $5,000 per day. The Department of Excise and Licenses is pushing to revise Denver’s code to create a new maximum penalty…
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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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Controversial apartments near Garden of the Gods get City Council approval
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The City Council on Tuesday approved divisive plans to build more than 220 apartments near Garden of the Gods Road, about three years after a previous council denied another apartment project across the street because they concluded it could make emergency evacuations more dangerous. “To have this decision after everything we have presented to you…
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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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Colorado Springs apartment rents slumped again in the first quarter, new report shows
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Colorado Springs apartment rents fell again in the first quarter and the area’s vacancy rate remained high, more signs that the local multifamily market is overbuilt, a new report suggests. And, expect those trends of softer rents and higher vacancies to continue unless the pace of absorption, or apartment occupancy, ramps up significantly, one of…
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Proposed rule mandating large building electrification violates federal and state laws, says critics
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A proposed statewide energy efficiency regulation that critics say could force large building owners to upgrade their heating and cooling systems could cost them as much as $3.1 billion by 2030, according to the Colorado Department of Health and Environment. The proposed rule is being challenged by two apartment associations representing more than 350,000 apartments…
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Nonprofit planning low-income senior housing in Colorado Springs
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A southeast-side Colorado Springs nursing home, which shuttered last year after more than 12 residents died because of the coronavirus, will be demolished as part of a plan by its nonprofit owner to expand housing for low-income seniors. Volunteers of America National Services, based in Virginia, will tear down the Laurel Manor Care Center at…
