Southeast Colorado Springs is ground zero for the city’s development boom. Slightly cheaper land and a lack of community pushback against projects make it a desirable location for developers of multi-family units.
“This year we actually have over 1,000 units being built in the Southeast part of the city alone,” said Steve Posey, the Community Development Division manager for Colorado Springs, during an townhall hosted by District 4 City Councilor Yolanda Avila at the Sand Creek Library. “Fortunately, it’s not just here in the Southeast. We’ve also got projects that are going on in the Northeast and plenty more that are in the pipeline. Those 1,000 units I mentioned are the 100 percent affordable apartments that are going up in the city right now. We’ve also got quite a few projects that are happening that are [market rate], but they’re still within reach of working households here in the community. That’s a very positive thing.”
In addition to affordable housing projects, which are subsidized by the Department of Housing and Urban Development, Southeast Colorado Springs has a variety of market-rate projects in the works. The most recent is Cheyenne View Apartments, a proposed 350-unit greenfield development project at the intersection of Union and Fountain Boulevards. The undeveloped lot, one of the few remaining in Southeast Colorado Springs, is prime for development. In addition to 350 market-rate units, the development will also include a Maverick gas station and convenience store.
If approved, Cheyenne View Apartments will join a growing list of coming developments for Southeast Colorado Springs.
Mosaica, 223 units near Circle Drive and Hancock Expressway.
Kaleidos, 150 units near Murray Boulevard and Pulsar Drive.
Zebulon Flats, 138 units of affordable housing near Academy and Fountain Boulevards.
The Mission Trace Urban Renewal Project, a proposed 280 units near Academy Boulevard and Jet Wing Drive.
Cottages at Gateway, 92 units near Powers Boulevard and Jet Wing Drive.
Academy Heights, 201 units near Fountain Boulevard and North Academy Loop.
208 units at Fountain Boulevard and Aeroplaza Drive.