In CSBJ’s August 27th issue, John Hazelhurst discusses why Nicklasson & Loo plan to move ahead with their projected downtown apartment building despite the Colorado Springs City Council’s refusal to waive park development fees for their downtown project called Blue Dot Place. The 32-unit building is planned at 418 S. Nevada, south of Iron Bird Brewery.
“Blue Dot is the latest and most tangible evidence of the organic redevelopment of south central downtown. South central downtown, unlike the Southwest Downtown Urban Renewal district several blocks to the west, has scores of individual property owners. That has enabled small investors and owner/users to begin piecemeal development of the area. Redevelopment begets more redevelopment, as investors and business owners gain confidence in the neighborhood. The Southwest district, by contrast, has seen no development since it was created more than a decade ago.”
Nickalsson & Loo announced their intentions in an email sent to the City Council and Mayor on Wednesday. Click here to read their letter on CSBJ’s website.