Tag: vela development partners
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Construction on 27-story apartment tower in downtown Colorado Springs expected to begin by year’s end
More than a year after Colorado Springs leadership greenlit plans to construct the city’s tallest building, a $225 million, 27-story apartment tower downtown, dirt has yet to move. Though the City Council in April 2025 denied an appeal that sought to block the OneVela project entirely, an action that helped clear the way for construction…
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Colorado Springs approves urban renewal plan for proposed 27-story building downtown
The Colorado Springs City Council approved three resolutions Tuesday connected to the urban renewal plan that is a key part of a proposed record-breaking 27-story apartment building in the city’s downtown. The urban renewal plan was brought to the council by the Colorado Springs Urban Renewal Authority and the developers for the OneVela building. The…