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    • Tejon and Costilla Urban Renewal Plan
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    • Vineyard Property
    • Lowell/South Central Downtown
  • CONTACT US
  • Mission, Philosophy & Values
Colorado Springs Urban Renewal Authority
  • HOME
  • ABOUT CSURA
    • Welcome
    • Technology Accessibility Statement
    • Board of Directors & Staff
    • Mission, Philosophy & Values
    • Goals & Strategies
    • Conflicts Of Interest
    • Definitions
    • By-Laws
    • Public Participation
    • Urban Renewal Authorities (URA's) in Colorado Municipalities
  • MEETINGS
    • 2025 Meeting Schedule
    • 2025 Meeting Agendas & Minutes
    • 2024 Accessible Meeting Agendas & Minutes
    • 2024 Meeting Agendas & Minutes
    • 2023 Meeting Agendas & Minutes
  • ACTION ITEMS
    • CSURA Annual Budget
    • Public Hearing Notices
  • REDEVELOPMENT
    • Urban Renewal Process
    • Application Requirements
    • Public Art Goal
    • Affordable Housing Goal
  • PROJECTS
    • Project Status Report
    • C4C - William J Hybl Sports Medicine and Performance Center
    • C4C - Sports and Event Center
    • C4C - USAFA Visitor Center
    • C4C - US Olympic Museum
    • Bristow - Lowell
    • City Auditorium Block
    • CityGate 2.0
    • Gold Hill Mesa
    • Gold Hill Mesa Commercial
    • Hancock Commons
    • Ivywild Neighborhood
    • Museum and Park URA
    • North Nevada Avenue
    • OneVeLa
    • Panorama Heights/Almagre
    • Polaris Pointe/Copper Ridge
    • Project Garnet/Entegris
    • South Nevada Avenue
    • Southwest Downtown
    • Tejon and Costilla Urban Renewal Plan
    • True North Commons
    • Vineyard Property
    • Lowell/South Central Downtown
  • CONTACT US
  • Mission, Philosophy & Values
Colorado Springs Urban Renewal Authority

OneVeLa

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URA Period: 2024 -2049

Location
– the proposed O’Neil Urban Renewal Plan Area is comprised of four parcels on approximately 1.1 acres or 47,916 square feet of land and adjacent right of way. The study Area is bound by Costilla Street to the south, Sahwatch Street to the west, a vacant commercial lot to the north, and a storage warehouse to the east.
 
Plan Goals – the project includes two main components, a 25-story residential building and a 11- story office building. The buildings are planned for two separate assemblages both located on the block bound by Sahwatch to the west, Cascade to the east, Costilla to the south, and Vermijo to the north. 
 
The commercial component of the project is planned for the northeast corner of the block on parcels currently addressed as 310 S. Cascade Avenue and 11 W. Vermijo Avenue. (This site sits within the Museum & Park URA where the TIF funds have already been pledged to Norwood).
 
The residential component of the project will be sited at the southwest corner of the block on parcels currently addressed as 14, 20, 22, and 30 W. Costilla. (This site sits within the existing Southwest Downtown URA).
 
All of the parcels in the area have existing buildings including a distribution warehouse built in 1919, a storage warehouse built in 1925, a single-family home built in 1904 with two sheds built in 1989, and a single- family home built in 1900. All the buildings are currently vacant.
 
Current Status - In Aug of 2023, the board approved the application for the One Vela residential high-rise project in S/W downtown. At the June 2024 board meeting EPS presented the financial review and project update along with the plan, impact report and condition study for submittal to the taxing entities.  The OneVela plan will go before the Colorado Springs City Council for approval at the December 10, 2024 regular council meeting.

OneVeLa URA Plan draft
File Size: 1200 kb
File Type: pdf
Download File

CSURA Conditions Survey
File Size: 4456 kb
File Type: pdf
Download File

El Paso County draft Impact Report
File Size: 1125 kb
File Type: pdf
Download File

OneVeLa Resolution 24-460 approveing TIF Agreement El Paso County signed.pdf
File Size: 1495 kb
File Type: pdf
Download File

OneVeLa TIF Agreement El Paso County signed_111924.pdf
File Size: 3875 kb
File Type: pdf
Download File

El Paso County Resolution 24-459 Amended_SWDT land_removal.pdf
File Size: 658 kb
File Type: pdf
Download File

OneVeLa Remove from SWDT El Paso County Agreement signed.pdf
File Size: 1655 kb
File Type: pdf
Download File



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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