A bank based in a tiny town on the state s eastern plains has made a big investment in Colorado Springs red-hot apartment market and its booming downtown.
A bank based in a tiny town on the state s eastern plains has made a big investment in Colorado Springs red-hot apartment market and its booming downtown.
Downtown multifamily property Casa Mundi sold for $12 8 million csbj.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from csbj.com Daily Mail and Mail on Sunday newspapers.
8 stories making headlines this week csindy.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from csindy.com Daily Mail and Mail on Sunday newspapers.
A group of local investors recently bought the Union Printers Home near Memorial Park for $18.5 million to revitalize and preserve the property.
Seven local families bought the 26-acre campus at 101 South Union Boulevard at the end of June and expect to renovate the buildings, although they have not settled on a development plan for the property yet, said Susan Pattee, a member of the ownership group.
Pattee s mother, Kathy Loo, a former Colorado Springs city councilmember and philanthropist, and her brother, James Loo, are also part of the group, along with the O Neil Group and All Pro Capital, both local companies, she said. The group bought the property as UPH Partners.