The Colorado Springs Planning Commission approved plans Thursday for a new subdivision of potentially more than 1,600 homes and 92 acres of commercial space along MarkSheffel Road and south of Colorado 94, despite skepticism from two board members.
The board voted 6-2 to approve plans for the 237-acre Reagan Ranch subdivision just east of Peterson Air Force Base and rezone a portion of the largely vacant property within Banning Lewis Ranch from industrial and research uses to allow retail and office buildings. The development of the property is expected to be split along a future north and south road with commercial property along MarkSheffel Road and homes to the east, according to the developer's plans.