URA Period: 2023 - 2048
Developer Contact: Weidner Location: The Area is comprised of approximately 16.3 acres in downtown. The boundaries of the CityGate Urban Renewal Area generally include properties south of Cimarron Street, west of Sahwatch Street, north of Rio Grande Street, and east of the BNSF / UP railroad tracks. Plan Goals: The vision of the plan area, as expressed by the developer, is a mixed-use development with residential and retail uses, as shown in the site plan. The proposed development includes approximately 1,200 apartment units and 37,000 square feet of retail space. The plan area will be redeveloped into a vibrant, walkable area adjacent to the Weidner Soccer Field in Downtown Colorado Springs. West Moreno Avenue on the north side of the plan area will be developed into a pedestrian plaza to create street activation and strengthen the soccer stadium directly north. Additional public amenities include streetscape, sidewalks, trees, and public structured and off-street parking. The development includes public parking in addition to the residential parking requirements. |
Current Status: The Colorado Springs Urban Renewal Authority (CSURA) approved the urban renewal agreement for development of the City Gate 2.0 urban renewal area at the March 8, 2023, board meeting. On March 14, 2023, City Council approved the new City Gate 2.0 Urban Renewal Plan replacing and terminating the existing plan.
The three-phase, mixed-use development with construction spanning 10 years is estimated to cost more than $400 million. Phase 1 - South will be the first phase of construction and is projected to open in the Summer of 2024. It will include a seven story building with 408 residential units and approximately 13,000 square feet of retail space. A four-level parking garage with 710 parking spaces is also planned. Phase 2 - Southwest with 360 units is planned for the spring of 2027. Phase 3 - West with 413 units is planned for the spring of 2030. |
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| Resolution No. 39-23 Approving Cooperation Agreement signed 031423 |
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| 2007 CityGate Urban Renewal Plan terminated. 031423 |
Colorado Springs Urban Renewal Authority
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Phone: 719-385-5714
Mailing Address: PO Box 1575, MC 628 Colorado Springs CO 80901-1575 Street Address: 30 South Nevada Avenue Suite 604 Colorado Springs CO 80903 |
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