Plans are now being discussed for the building of a 36-story building that will go up in downtown Colorado Springs on a site directly across from the U.S. Olympic and Paralympic Museum.
The project is being advanced by The O’Neill Group, a Colorado Springs development company that specializes in new construction and renovation projects.
Working with Vela Development, which has offices in Kansas City, Missouri, the O’Neill Group hopes to build a modern apartment complex that will feature nearly 500 residential units. Besides the Olympic Museum, the general site area is surrounded by government buildings and law offices.
The developers originally proposed building the project in 2021, topping it out at 25 floors with 316 units. However, according to a story published by the Colorado Springs Gazette, it was determined that the smaller building would not be financially feasible.
The new project still needs city approval and may face some opposition in its public input phase. According to the publication CPR News, many residents in Colorado Springs, “don’t want tall downtown structures, preferring the city’s classic, almost ‘anti-urban’ identity.”
An exact schedule for when work on the 36-story project will begin has not yet been announced.
By Garry Boulard
