URA Period: 2004 – 2029
Location: The North Nevada Corridor Urban Renewal Area is located in central Colorado Springs in the northern segment of the North Nevada Avenue Corridor. The area is bounded by Monument Creek to the west and the I-25 – North Nevada Avenue interchange, including several commercial parcels located along the interstate frontage road, to the north. The Study Area’s eastern border is quite irregular, but generally includes a significant portion of the UCCS campus located along North Nevada Avenue as well as all properties contiguous to the corridor (to the east) and once removed. The intersection of Garden of the Gods and North Nevada Avenue, including properties in the southeast and southwest quadrants then form the southern boundary. The western boundary is generally formed by Monument Creek
Plan Goals: The proposed development character for the Urban Renewal Area includes a variety of land uses and densities that will distinguish one area from another yet create an identity for the whole. Proposed land uses within the Plan include mixed-use, multi-family residential, community retail and lifestyle centers (including local and national retailers); business campus commercial; and, civic, cultural, arts and recreational facilities, together with select transportation and gateway improvements. Redevelopment of the Urban Renewal Area will provide for and promote a greater range and mix of land uses. In order to better support the economic success of the Urban Renewal Area, the Plan promotes the integration of uses, enhanced linkages into and out of the Urban Renewal Area, improved pedestrian and vehicular circulation patterns, parking support, and a level of density beyond that which existed prior to the adoption of the Urban Renewal Plan.
Current Status: University Village Colorado began construction in 2008. The shopping center is anchored by Costco, Kohl’s and Lowes which occupy the western side of the site, along the Monument Creek trail. Smaller, in-line shops and restaurants characterize the east edge of the project, along North Nevada Avenue. Several new tenants have been added in 2014 including: Pita Pit, Over Easy Restaurant and the Colorado Running Company. A new building is under construction on the north end of University Village will house Trader Joes which is expected to open in the fall of 2014.
The Lodges of Colorado Springs, a 156 unit private student housing complex is under construction near the Harley Davidson dealership at the very north end of the URA. This will help alleviate some of the housing demand at UCCS. The CSURA Board approved the plans for a new BMW Dealership near the same area in 2014.
University of Colorado at Colorado Springs: The Lane Center which is the first building in the Health & Wellness Village campus located across from the south entrance to University Village was opened earlier this year. Peak Vista Health has opened a clinic in the building. A feasibility study is currently being completed for a second building in the Health and Wellness Village area as well.
The North Nevada Corridor and UCCS were included as part of the City of Colorado Springs’ City for Champions RTA Grant as well. Proposed improvements include the medical campus and the visual and performing arts building.