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Newly Formed Joint Venture to Develop $117M Multifamily Project in Colorado Springs

Newly Formed Joint Venture to Develop $117M Multifamily Project in Colorado Springs
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City strikes deal for big downtown multi-use project

Matt Orlando is praising his fellow Chandler City Council members for holding firm and finally getting exactly what they want in a major development in the center of town. ....

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Chicago real estate developer plans nearly 900 apartments around Colorado Springs

Today
Some clouds this evening will give way to mainly clear skies overnight. Low near 45F. Winds NNW at 5 to 10 mph..
Tonight
Some clouds this evening will give way to mainly clear skies overnight. Low near 45F. Winds NNW at 5 to 10 mph.
Updated: May 14, 2021 @ 6:51 pm ....

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Chicago real estate developer plans nearly 900 apartments in Colorado Springs area

A Chicago real estate company that develops and acquires multifamily and student housing projects is entering the Colorado Springs market in a big way.
Jackson Dearborn Partners plans three apartment projects that would add a combined 892 units in downtown, on Colorado Springs’ northeast side and in the unincorporated Cimarron Hills area of El Paso County, according to proposals it’s submitted to city and county officials.
The company would join several out-of-state apartment developers who have invested in Colorado Springs in recent years, saying they were attracted, in general, by the city’s desirability as a place to live.
Jackson Dearborn’s website, along with plans submitted by the company to the city and county, show: ....

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The Innovators: Jackson Dearborn Partners

In this series, Bisnow highlights people and companies pushing the commercial real estate industry forward in myriad ways. Click here to read Q&As with all the innovators Bisnow has interviewed so far.
Officials from multifamily and student housing developer Jackson Dearborn Partners say they have found the key to quickly raising the equity needed to break ground on projects in federal opportunity zones. Instead of spending months dialing for dollars and tapping into established networks of institutional investors and family offices, the company uses CrowdStreet, an online commercial real estate investing platform.
Designed to steer $100B a year into a vast stretch of areas that cities and state governments consider underserved, the opportunity zone program was created by the Tax Cuts and Jobs Act of 2017. Governors designated thousands of low- to moderate-income census tracts, along with a handful of more affluent tracts, as opportunity zones, and investors who fund ....

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