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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
    • 2023/2024 Meeting Schedule
    • 2023 Meeting Agendas & Minutes
    • 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
    • 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 - William J Hybl Sports Medicine and Performance Center
    • C4C - Sports and Event Center
    • C4C - USAFA Visitor Center
    • C4C - US Olympic Museum
    • City Auditorium Block
    • CityGate 2.0
    • Gold Hill Mesa
    • Gold Hill Mesa Commercial
    • Hancock Commons
    • Ivywild Neighborhood
    • Museum and Park URA
    • North Nevada Avenue
    • 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
  • WHY DO BUSINESS IN COLORADO SPRINGS
  • LINKS
  • CONTACT US
Colorado Springs Urban Renewal Authority

Panorama Heights/Almagre

​URA Period:  2021 - 2046
​
Developer Contact:

​Cohen Esrey Development Group
8500 Shawnee Mission Pkwy., Ste. 150
​Marriam, KS  66202


Location:  
The Urban Renewal Area is located in the City of Colorado Springs in El Paso County. The Plan Area is comprised of two parcels on approximately 3.28 acres of land. The boundaries of the Plan Area to which this Plan applies includes Zebulon Drive to the west, Verde Drive to the north, an unnamed alleyway to the south, and commercial development to the east.
 
Plan Goals:  
The vision of the Plan Area, as expressed by Cohen Esrey Development Group, is an affordable housing development along with associated site improvements including sidewalks, streetscape, public art, landscaping, security cameras, and community room. The proposed Plan includes a four-story, all electric building featuring  one-, two-, and three-bedroom apartments. All 133 units will be affordable for households earning between 30 and 60 percent of area median income (AMI).  The apartments will be leased to households earning between 30% and 70% of area median income, which is $96,100 for a household of four.  Thirteen units will be set aside for homeless veterans and another 13 units will be rented to tenants who need handicapped accessibility.

The first floor of the development will have a community room for community meetings, after school tutoring, job fairs, and employment outreach. Additionally, there will be room for a children’s play area, picnic area, bike storage, and a dog run that will also serve as a detention area on the site plan.  In addition to classes on various topics, public art by local artists will be incorporated into the development.


Current Status:  
Planning for Panorama Heights began in the second quarter of 2020.  City Council approved the Panorama Heights Urban Renewal Plan on November 23, 2021. Cohen Esrey Development Group began construction at the beginning of 2023 with the official groundbreaking held on April 5, 2023.  It is scheduled to open in the summer of 2024.
​
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Panorama Heights (formerly Almagre, Zebulon Flats and Lofts @ 1609)

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​The $45 million Panorama Heights is a residential affordable housing development in Colorado Springs that obtained tax increment financing. This means an estimated $2.3 million generated over 25 years in new property taxes from the site will be returned to the development instead of being disbursed among local governmental taxing entities.
Almagre Urban Renewal Plan
File Size: 649 kb
File Type: pdf
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Cooperation Agreement -City - CSURA-Almagre signed
File Size: 413 kb
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Almagre Tiff Agreement SECWCD - 112321 signed
File Size: 4779 kb
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Almagre Tiff Agreement El Paso County 072721 signed
File Size: 8021 kb
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Almagre Tiff Agreement Harrison School Dist 2 111621 signed
File Size: 8778 kb
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Resolution 189-21 City signed
File Size: 1053 kb
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Res. 09-21 Approving Almagre TIFF 111621 Signed
File Size: 134 kb
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Almagre Tiff Agreement PPLD 072121 signed
File Size: 8614 kb
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Almagre Development Agreement final signed 032922
File Size: 505 kb
File Type: pdf
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Res 04-22 Approving Dev Agreement Signed 022322
File Size: 2149 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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