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Colorado Springs Urban Renewal Authority
  • HOME
  • ABOUT CSURA
    • Welcome
    • Board of Directors & Staff
    • Mission & Goals
    • Conflicts Of Interest
    • Definitions
    • By-Laws
    • Public Participation
    • Urban Renewal Authorities (URA's) in Colorado Municipalities
  • MEETINGS
    • 2022 Meeting Schedule
    • 2022 Meeting Agendas & Minutes
    • 2021 Meeting Agendas & Minutes
    • 2020 Meeting Agendas & Minutes
    • 2019 Meeting Agendas & Minutes
    • 2018 Meeting Agendas & Minutes
    • 2017 Meeting Agendas & Minutes
    • 2016 Meeting Agendas & Minutes
    • 2015 Meeting Agendas & Minutes
    • 2014-2010 Archived Agendas and Minutes
    • City For Champions RTA Board Agendas
  • ACTION ITEMS
    • CSURA Annual Budget
    • Public Hearing Notices
    • Impact Reports
    • RFP USOM Banking
    • Open Records Request
  • REDEVELOPMENT
    • Urban Renewal Process
    • Application Requirements
    • Public Art Goal
    • Affordable Housing Goal
  • PROJECTS
    • Project Locator Map
    • Project Status Report
    • City For Champions
    • C4C - Sports and Event Center
    • C4C - William J Hybl Sports Medicine and Performance Center
    • C4C - USAFA Visitor Center
    • C4C - US Olympic Museum
    • City Auditorium Block
    • CityGate
    • Gold Hill Mesa
    • Ivywild Neighborhood
    • Museum and Park URA
    • North Nevada Avenue
    • Polaris Pointe/Copper Ridge
    • South Nevada Avenue
    • Lowell/South Central Downtown
    • Southwest Downtown
    • Tejon and Costilla Urban Renewal Plan
    • True North Commons
    • Vineyard Property
  • WHY DO BUSINESS IN COLORADO SPRINGS
  • LINKS
  • CONTACT US
Colorado Springs Urban Renewal Authority

​North Nevada Avenue

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URA Period:  2004 - 2019

Developer Contact​
University Village Developers, LLC
Kratt Commercial Properties
Mr. Kevin Kratt
102 N. Cascade Avenue, Ste. 250
Colorado Springs, CO 80903
719 632-5000
Kevin@krattcommercialproperties.com
www.uvcshopping.com

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:  Redevelopment of the Urban Renewal Area will provide for and promote a greater range and mix of land uses including, 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 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.
 
CSURA successfully refinanced the bonds in August 2016 for the development along North Nevada at a significantly lower rate than was originally obtained in 2008.  The new loan and bonds will be paid off within the original 25 year tax increment period.
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Documents For Download
North Nevada Avenue Corridor Urban Renewal Plan
File Size: 718 kb
File Type: pdf
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Resolution 298-04 Approving Plan
File Size: 132 kb
File Type: pdf
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NN Ave. Univ of CO and CSURA Loan Agreement 032008
File Size: 127 kb
File Type: pdf
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Resolution 91-07 Sales Tax Increments 052207 City
File Size: 57 kb
File Type: pdf
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NN Ave Univ of CO and CSURA Loan Agreement Amendment 111015
File Size: 111 kb
File Type: pdf
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North Nevada Avenue MOU Regarding Agreement 082416
File Size: 225 kb
File Type: pdf
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First Amendment to Advanced Funds Note 082416.pdf
File Size: 198 kb
File Type: pdf
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North Nevada Second Loan Agreement Amendment 082416
File Size: 248 kb
File Type: pdf
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North Nevada Continuing Disclosure Agreement 082416
File Size: 356 kb
File Type: pdf
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North Nevada Redevelopment Agreement Univ Village 072607.pdf
File Size: 1126 kb
File Type: pdf
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North Nevada Amended Restated Redevelopment Agreement 020108.pdf
File Size: 1271 kb
File Type: pdf
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North Nevada Avenue Corridor Conditions Survey
File Size: 1140 kb
File Type: pdf
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N. Nevada Ave Corridor Redevelopment Plan Impact Analysis
File Size: 613 kb
File Type: pdf
Download File

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​Plan Components

Research and Development Campus (east of North Nevada Avenue and west of the UCCS campus)

Designated an Employment Center and given its relationship to the UCCS campus, and proximity to the Burlington Northern Railroad corridor, this area has been designated for employment center uses including research and development. Opportunities would include a range of office, light industrial and research and development products with supporting commercial space. Users would be targeted to those who desire access to an institutional anchor such as UCCS.

Community Retail and Lifestyle Centers (west of North Nevada Avenue and centrally located within the corridor)

Designated a Commercial Center this area’s full development could include major region-serving commercial uses, connected to higher density residential products located in the corridor, as well as the existing trail system. While private interests will provide the framework for new development, an increase in density of uses would be compatible with existing adjacent uses to the south and west and continued development of the UCCS campus.

Mixed Use Neighborhood Retail Centers – (west of North Nevada Avenue and North of Garden of the Gods Road)

Designated a Community Activity Center this area will be promoted for a mix of office and commercial uses, retail, entertainment, lodging, parking facilities, and high-density residential complexes, consistent with the intensity and character of urbanized commercial corridors. While existing uses will influence the character of early redevelopment (and development) projects, opportunities to maximize building height and massing, provide architectural diversity, and deviate from historic themes are perhaps greatest here. Physical, visual and pedestrian linkages from the corridor to Monument Creek and other open areas will help establish this area as the southern “gateway” of the Urban Renewal Area.

Civic, Cultural, Arts and Recreational Facilities – (north of the intersection of Austin Bluffs Parkway and east of North Nevada Avenue)

Adjacent to the UCCS campus and existing region-serving recreation facilities and supportive parking, this area of the Urban Renewal Plan offers the greatest opportunity for public recreation, open space, public art, public buildings and urban spaces, and pedestrian linkages to City trail systems. Note: Existing recreational facilities could remain or be replaced to accommodate this redevelopment scenario.

Business Campus Commercial – (north of the Research and Development campus with access via I-25)

Adjacent to the I-25 corridor and Research and Development campus, this area of the Urban Renewal Plan offers the significant opportunities for commercial development. This area will likely experience gradual redevelopment and as such, will benefit from standards constraints in terms of architectural style – establishing the corridor’s image and theme within a gateway setting. Features will include “gateway” signage, professional office and business uses, lodging, community and campus services-oriented uses, urban treatment scale and character.


North Nevada Design Guidelines Attachment 1
File Size: 10521 kb
File Type: pdf
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Council Resolution 38-14 North Nevada
File Size: 499 kb
File Type: pdf
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Colorado Springs Urban Renewal Authority

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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