former colorado springs bank site to become home to new apartment complex

A South Carolina real estate company has announced plans to build a 320-unit apartment complex in downtown Colorado Springs on property that once housed a U.S. Bank branch and drive-through.

The Charleston-based Greystar Real Estate Partners says it want to put up what will be a six-story structure in the 400 block of E. Pikes Peak Avenue.

According to plans, the project will include units ranging in size from studios to two-bedrooms, with the larger complex site featuring a swimming pool, fitness center, clubhouse, and courtyard space.

The project will be the largest of its kind in a section of downtown Colorado Springs populated with one-story commercial and multi-story office buildings. Greystar says the complex is expected to appeal to downtown workers as well as those attracted to urban living.

A real estate investment and management company, Greystone earlier this year announced the construction of a $1.2 million apartment building in downtown Boston featuring 126 units on 19 floors.

The company, which manages nearly 500,000 units nationally, last year saw the completion of its new $38 million headquarters in Charleston.
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If all goes according to plans, work on the new Colorado Springs complex could begin sometime next year with a rough 2023 completion date.

​By Garry Boulard

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