csuralogov2
SouthNevadaSplash
PROJECTS
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SNANorthstreetscape
South Nevada Avenue

The South Nevada Avenue Corridor is to be comprised of a mix of land uses that include commercial/retail uses along both sides of Nevada Avenue and multi-family, restaurant and hotel uses located along Tejon Street. A linear park will be created along Cheyenne Creek that will provide recreational amenities as well as provide needed drainage improvements.

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SNA Development LLC

Danny Mientka

90 South Cascade Avenue, Suite 1500

Colorado Springs, CO 80903

719-448-4034

danny@theequitygroup.net

The South Nevada Avenue Area Urban Renewal Plan was approved by the Colorado Springs City Council on November 24, 2015. The urban renewal area is located in south central portion of Colorado Springs between East Cheyenne Road on the south, Fountain Creek on the north, South Wahsatch Avenue on the east and South Cascade Avenue on the west. The purpose of the South Nevada Avenue Area Urban Renewal Plan is to reduce, eliminate and prevent the spread of blight within the Urban Renewal Area and to catalyze growth and investment within the area boundaries. To accomplish this purpose, the plan is intended to promote local objectives expressed in adopted community plans and advance the vision and priorities of the 2001 Colorado Springs Comprehensive Plan.

The Plan Vision

Renewal of the South Nevada Avenue Area will involve new development and stabilization of both public and private spaces. Key to all initiatives will be the acknowledgement of the Area’s historic roots and role in the community. While commercial at its core, surrounding residential neighborhoods give the area its character and lifeblood; therefore, new uses will be both local and region serving. Given its strategic location at a critical gateway to destinations beyond the I-25 corridor including the Ivywild and Broadmoor neighborhoods, future improvements will be of an appropriate quality. Natural features including parks, open spaces, trails, tree stands and waterways will be improved and maintained so that they are a true amenity rather than an obstacle. Finally efforts will be made to maintain the area’s diversity of uses and markets they serve while enhancing both its environment for businesses and quality of life for its residents.

Ivywild Development I, LLC

Sam Guadagnoli, Ray O’Sullivan

1619 South Tejon Street

Colorado Springs, CO 80905

719-499-4127

Sam_guadagnoli@yahoo.com

EVC_HD South Nevada, LLC

Walt Harder

112 F Street

Salida, CO 81201

719-539-6060

walt@waltharder.com

Colorado Springs Comprehensive Plan objectives:

Objective LU 3

Develop a Mix of Interdependent, Compatible and Mutually Supportive Land Uses.

Objective LU 4

Encourage Infill and Redevelopment

Objective LU 5

Develop Cohesive Residential Areas

Strategy LU 601d

Integrate Affordable Housing into Neighborhoods

Objective LU 7

Develop Shopping and Service Areas to be Convenient to Uses and Compatible with Their Surroundings

Objective N 2

Enhance Neighborhoods

Objective N 3

Vary Neighborhood Patterns

Objective CCA 3

Improve the Character of Individual Areas and Elements of the City

Objective CCA 5

Design of Public Spaces

Development Program

The South Nevada Avenue Corridor is to be comprised of a mix of land uses that include commercial/retail uses along both sides of Nevada Avenue and multi-family, restaurant and hotel uses located along Tejon Street. A linear park will be created along Cheyenne Creek that will provide recreational amenities as well as provide needed drainage improvements. The mix of uses is projected to be:

Proposed Use

Square Feet

Retail/Service

237,300

Residential (Rental)

203,000

Hotel

88,000 (110 rooms)

Gross Floor Area

528,300

Project Land Area

1,816,452 (41.7 acres)

Total Project Value

$91,558,993

Public Improvement Costs

$32,340,905

Economic Impact

Job Creation

683 (permanent)

Increased Tax Revenue

$1m per year

Leverage (Private $/Public $)

3:1

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