All signs are now go for the construction of a new 232-unit workforce housing apartment complex in Colorado Springs.
The project will go up on a nearly 8-acre site in the city’s Briargate neighborhood near the intersection of North Powers Boulevard and North Union Boulevard, and will see the construction of three separate four-story structures.
A free-standing single-story clubhouse is also part of the project plan.
Additional features include recreational space, community gardens, a children’s play area, and a dog run. In a document submitted to the city last summer by the Colorado Springs engineering firm of Drexel, Barrel & Company, it was noted that the “four-story massing” of the project’s buildings will be “broken up with varying roof forms as well as carefully placed color and materials.”
What is being called the Royal Pine Apartments is being developed by the Portland, Oregon-based company DBG Properties and was approved earlier this year by the city’s planning and zoning commission.
As planned, the units will be rented out to tenants earning at or below 70% of area median income, with rents for a one-bedroom unit starting at just over $1,000 a month.
The project comes as average rents in popular Colorado Springs have surpassed the $1,500 mark for one-bedroom units. According to the site Rentcafe, that $1,500 is up from around $1,200 four years ago.
By Garry Boulard
