A New Mexico real estate development company wants to build apartments on the northwest side of Colorado Springs, where opposition from residents recently led to the city’s rejection of another multi-family project.
Titan Development of Albuquerque plans a 251-unit complex on 13.2 acres southwest of Centennial Boulevard and Van Buren Street, according to a proposal the company recently submitted to city officials.
The complex would consist of four three-story buildings, which would house 151 one-bedroom units, 89 two-bedroom units and 11 three-bedroom units, according to the company’s proposal. The facilities would include a clubhouse and public and private open space.
Titan’s proposal says the site is close to business, commercial and recreational facilities, including employers along Garden of the Gods Road and Fillmore Street.
âThe site is adjacent to a concentration of commercial uses at Fillmore and Centennial, including a convenience store and several restaurants,â says Titan’s proposal. âThe closest grocery store (a King Soopers) is at Grandview Market Place, on the northwest corner of Fillmore and Centennial, which also includes many other commercial and service uses.â
Titan’s proposal, which says the company is aiming for a fall construction date, did not specify what the rents might be.
Apartments, however, are generally developed as projects at market rates, unless developers identify them as affordable housing. The average apartment rent in Springs hit a record high of nearly $ 1,430 per month in the second quarter, according to a recent report from the University of Denver.
Colorado Springs’ population growth, strong economy, demand for apartments and skyrocketing rents have made the city attractive to several out of town developers, who are building hundreds of apartments in the area. or have submitted plans for such projects.
Last month, however, Colorado Springs City Council rejected a developer’s rezoning request that would have allowed 420 apartments and commercial space to be built at 2424 Garden of Gods Road, in the parking lot of a high-rise apartment building. 750,000 square foot offices along 30th Street.
Among other concerns, residents close to the proposed Garden of the Gods Road project have opposed more housing for fear that additional vehicles on the road will slow down evacuations in the event of a forest fire similar to the Waldo fire. Canyon in 2012.
This fire devastated neighboring neighborhoods, destroyed nearly 350 homes, killed two people and led to chaotic scenes of vehicles exiting the area as the blaze raged.
A spokesperson for Titan said company officials would not discuss their project at this time or the potential concerns of residents nearby. The company is seeking city approval for a development plan that sets out the details of its project.
The Titan project at Centennial and Van Buren would be built further south and east of the 2424 Garden of the Gods Road site, which is closer to the foothills.
The Titan site would run alongside Centennial, which connects to Fillmore to the north. The city also extends Centennial south to join the Interstate 25 interchange at Fontanero Street; this extension is scheduled for completion in the fall of 2022.
Titan’s proposal to the city indicates that there would be an access point to the apartment project site via a future extension to the west of Van Buren. Emergency access is also proposed at the south end of the project which would connect to the future Centennial extension.
Still, some residents say they will consider the Titan Development project, as they plan to do with other apartment complexes proposed for the west and northwest sides. Concerns about new apartments and other projects have led to the creation of Westside Watch, a group that seeks to bring neighborhoods together to advocate for safe development west of Interstate 25.
Bill Wysong, president of the Mountain Shadows Community Association, helped lead opposition to apartments at 2424 Garden of the Gods Road and said he had immediate concerns about the location of the proposed Titan development project.
Although it is further south and east, 251 apartments at Centennial and Van Buren could potentially stack more vehicles on Centennial during an evacuation, he said. Even after Centennial’s extension to Fontanero, additional vehicles could create dangerous “bottlenecks” and bottlenecks along the road in an emergency.
âIt doesn’t change whether it’s 30th and Garden of the Gods or now Centennial and Van Buren,â Wysong said.
âYou are creating choke points that (will) save everything,â he said. “As your evacuation specialists point out, when you encounter a blockage, it rolls back and problems arise.”
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