Over the past 10 years South Nevada ~ just outside downtown ~ has generated conversation, studies, renderings and overall tempted by various investors, developers and politicians as a great Urban Renewal site. Recently, Leland Consulting Group of Denver completed a study that details the need for improvement. Developer Jim Rhue, hired Leland to complete the study. Rhue proposes an 8 acre area around Nevada and Navajo to be called, "Broadmoor Gateway Pavilions". Here you would find restaurants, apparel stores and Sunflower Farmers Market as a possible anchor tenant. What happens next is submitting an urban renewal plan that would spell out land uses for the area. If approved, the Colorado Springs City Council would sign off on the new land uses and the blight study. If accepted, an urban renewal designation would allow future tax revenue from redeveloped areas to pay for public improvements in the area. There are several real estate options available in this area as of this writing. Call or email for specific requests and updates.
About the Author: Kelly Young, GRI
- Author's website: www.sellmyhomeincoloradosprings.com
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Kelly is an Associate Broker with Red Rock Realty. She has over 12 years experience in Real Estate in the Colorado Springs and Front Range region of Colorado. She represents buyers and sellers of real estate buying homes, land for sale, mountain getaways. Specific areas include: Black Forest, Broadmoor, Colorado Springs, Divide, Falcon, Downtown, Manitou Springs, Monument, Old Colorado City, Westside, Woodmen Hills and Woodland Park. You can reach her at 719-226-0126 or by clicking "email the author" above.
