business
-
Apartment construction slows after years of frenzied building in Colorado Springs
—
by
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…
-
Colorado Springs-area home sales sputter in June despite listings that reach nine-year high
—
by
The supply of Colorado Springs-area homes for sale swelled to a nearly nine-year high last month, an increase possibly driven, in part, by investors who are dumping properties on the market because of tighter government regulations on the rental industry, one local housing official says. At the end of June, 2,974 single-family homes were for…
-
Downtown Colorado Springs tower’s height reduced from 36 floors amid developer concerns
—
by
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…
-
Colorado Springs apartment rents slumped again in the first quarter, new report shows
—
by
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…
-
Comparing building height limits in 3 Front Range cities: Boulder, Denver, and Fort Collins
—
by
What height limits, if any, do other communities have for their downtowns? Here’s a look at three Front Range cities: • Boulder: Buildings can be no taller than 55 feet in downtown, as well as citywide, according to the Boulder City Charter. Among several reasons listed in the Boulder City Charter, the height limits would “preserve…
-
The height of controversy: Proposed 36-story high-rise in downtown Colorado Springs spurs views vs. vibrancy debate
—
by
ABOVE: The 36-story VeLa Peakview apartment tower, proposed for the southwest corner of a block bounded by Cascade and Vermijo avenues and Sahwatch and Costilla streets in downtown Colorado Springs, would be 350 to 400 feet tall, according to the project’s developers. At its maximum height of 400 feet, VeLa Peakview would be 62% taller…
-
Defense contractor expanding to Colorado Springs with plans for more than 500 high-paying jobs
—
by
A defense contractor whose software and digital services support military and government clients, and which has launched work on a sophisticated Space Force satellite project along with three partners, has expanded to Colorado Springs and expects to add more than 500 high-paying jobs over the next two years. Omni Federal, with employees in the Washington…
-
Defense contractor expanding to Colorado Springs with plans for more than 500 high-paying jobs
—
by
A defense contractor whose software and digital services support military and government clients, and which has launched work on a sophisticated Space Force satellite project along with three partners, has expanded to Colorado Springs and expects to add more than 500 high-paying jobs over the next two years. Omni Federal, with employees in the Washington…
-
Trump’s campaign said it raised $50.5 million at a high-dollar Florida fundraiser
—
by
NEW YORK (AP) – Donald Trump’s campaign said it raised $50.5 million on Saturday. The reported haul from the event with major donors at the Palm Beach, Florida, home of billionaire investor John Paulson sets a new single-event fundraising record and is almost double the $26 million that Biden’s campaign said it raised recently at…
-
Donald Trump has posted a $175 million bond to avert asset seizure as he appeals NY fraud penalty
—
by
NEW YORK (AP) – Donald Trump posted a $175 million bond on Monday in his New York civil fraud case, halting collection of the more than $454 million he owes and preventing the state from seizing his assets to satisfy the debt while he appeals, according to a court filing. A New York appellate court…
