A Birmingham, Alabama-based developer who is already building one luxury apartment complex in Colorado Springs has announced plans to build another.
Crowne Partners says it wants to build what will be called The Crowne at Rio Vista on an 18-acre site on the northeast side of the city.
The project, near the intersection of Powers Boulevard and Barnes Road, will include 285 individual units.
Those apartments will vary in size from one to three bedrooms, with rents running from $1,200 to just under $2,000 a month.
The four-building Crowne at Rio Vista will also include a fitness room, swimming pool, club room, yoga room, several courtyards, a dog park, and outdoor fireplaces and grills.
Crowne Partners’ other upscale apartment complex in Colorado Springs is called The Crowne at Briargate.
The company has developed similar rental projects in Alabama, Kentucky, North Carolina, South Carolina, and Virginia.
With a population increase fueled by its coming health care and technology industries, Colorado Springs has seen its average monthly rents increase in the last three years by more than 1 percent.
By Garry Boulard
