Colorado Springs Realtor - Cherise Selley - Great News for Downtown CS

Although Colorado Springs populates around 600,000, including the outer ridges of El Paso County, this city truly has the “small town feeling” happening. And downtown Colorado Springs aptly fits this ambience perfectly. It seems like you’ll defy the realities of “six” here. Instead of being connected with someone anonymously through six different layers of networks, it seems like the number is far less for those who reside in Colorado Springs. Before long, you’ll run into someone who inadvertently knows someone else who just happens to know who you are.

This sense of “knowing” each other is typified in the downtown portion of Colorado Springs, whether perusing the shops, doing business or getting something to eat.

Depending on a sales tax-sharing agreement with the city, it looks as if the downtown might be getting somewhat of a facelift. According to an article authored by Becky Hurley of The Colorado Springs Business Journal, co-owners Perry Sanders and Raphael Sassower are planning to renovate the Mining Exchange Building, the Freedom Telegraph, Independence and Municipal Utilities buildings into a 150-room “boutique” hotel and conference center. If the sales tax-sharing agreement gets approved through City Council, this proposal might possibly employ 400 people, as well as bring additional tax revenue into Colorado Springs.

This addition would be great for the downtown Colorado Springs Real Estate property values. Regarding the US commercial office markets, the national vacancy rate for the third quarter of this year ended above 17%. While national corrections are still occurring, I, an Elite 25 Colorado Springs Realtor, think the addition of the downtown Colorado Springs Mining Exchange project would bring some added inspiration during these economic uncertainties.

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