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Colorado Springs Lexus dealer moving to North Nevada Avenue

A Colorado Springs luxury car dealer is following the bulk of its customers by moving north and expanding across from the University of Colorado at Colorado Springs campus. ....

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Colorado Springs won't recover jobs until 2022: Forecast

The Colorado Springs economy won’t recover the jobs lost in the COVID-19 pandemic until next year, according to an economist at the University of Colorado at Colorado Springs.
While the local economy is recovering faster than the rest of the nation, Tatiana Bailey, director of the UCCS Economic Forum, said business closures and other disruptions will make it difficult to return to the near-record low unemployment rate that was reached just before the pandemic triggered a statewide stay-at-home order. She made the comments during a virtual presentation to the Apartment Association of Southern Colorado.
Bailey forecasts that El Paso County’s unemployment rate will average more than 6% this year, or nearly double the 3.3% rate in 2019 before the pandemic inflated last year’s average to more than 7%. The hotel and restaurant industries are a long way from rehiring the employees laid off during the pandemic, and some restaurants and retailers have closed permanently, she ....

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Amazon continues to grow its Colorado Springs delivery network

Amazon, which plans to open a massive fulfillment center this summer near the Colorado Springs Airport, has taken another major step toward expanding its presence in the Pikes Peak region. ....

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Amazon continues to expand its Colorado Springs presence

The Seattle-based online retail giant has agreed to sublease a 278,670-square-foot sortation center a key part of Amazon s package delivery network that s now under construction just south of a company delivery station in the airport s Peak Innovation Park, Greg Phillips, the city s aviation director, said Friday.
Amazon agreed to sublease the sortation center from a limited liability company that public records indicate was formed by Suncap Property Group of Charlotte, N.C.
Suncap s limited liability company, in turn, is constructing the building and this week completed a 75-year agreement, with a 15-year extension option, to lease the 37.4-acre sortation center site from the airport. ....

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Commercial development surges in north Colorado Springs

Scheels, a 220,000-square-foot sporting goods retailer, is projected to open in the InterQuest Marketplace toward the end of March. The business is expected to employ more than 350 people.Â
Bryan Grossman
When Northgate developer Gary Erickson was a boy growing up in Colorado Springs, he said, there was nothing for a kid to do.
Now Erickson is on a mission to make sure no kid growing up in Colorado Springs will ever be able to say the same thing again.
Erickson recently worked out a deal with Topgolf Entertainment Group to open a new, multilevel venue at Polaris Pointe, the 200-acre project heâs been developing at Interstate 25 and North Gate Boulevard for the past seven years. ....

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