In a market that is experiencing a pressing need for more modern senior housing, a Colorado Springs nonprofit has announced plans to build 54 new housing units.
Greccio Housing, a community housing development group promoting increased affordable housing, says it wants to build what is being called the Atrium at Austin Bluffs, with units targeting income levels ranging $19,000 a year to just over $39,000.
The project will also include a business center, library, health and fitness space, and community room.
Additional features will see the construction of a rooftop garden space and atrium as well as a small dog park.
Set to go up at the intersection of Austin Bluffs Parkway and the Templeton Gap Road, roughly six miles northeast of downtown Colorado Springs, the project has now secured funding through the Colorado Housing and Finance Authority.
Greccio Housing officials think the design and engineering phase of the project could take up to 18 months to complete, with actual construction launching sometime in early 2021.
Earlier this year Greccio saw the beginning of construction on another affordable housing project called the Ridge on the south side of Colorado Springs. That project, which is expected to see completion next February, includes sixty housing units of varying size.
By Garry Boulard
Get stories like these right to your inbox. Sign up for our newsletter