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. Trader Joes opened on October 10th. Leases have been signed or are under negotiation for the vacant spaces in the existing buildings. Signed leases are in place for Pure Barre, Rocket Fizz and Venice Oil. There is another building under construction at this time which will provide additional leasable space.
The Lodges of Colorado Springs, a 156 unit private student housing complex opened 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. Construction started in September and is expected to be completed in June 2015. A development plan for Colorado General Hospital, a 52 bed hospital, was submitted to City Planning and received by CSURA on 10/3/13. The plan will be reviewed at a future CSURA meeting.
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 (Sports Medicine and Performance Center. Proposed improvements include the sports medicine facilities and the visual and performing arts building.