Elan Pikes Peak to Meet Growing Housing Demand
Marking its first foray into the Colorado Springs market, Greystar along with its joint venture equity partner, Origin Investments, announced plans for six-story Elan Pikes Peak in downtown Colorado Springs. The $96.1-million, 321-unit Elan Pikes Peak will meet a growing demand for housing in Colorado Springs’ urban center.
“Just an hour drive to Denver, Colorado Springs is located in the foothills of the Rocky Mountains, boasting an extraordinary quality of life, thriving arts community, relatively low cost of living, and increased private and public investment in the downtown core,” said Bo Chapman, managing director of development, Greystar. “Additionally, the current supply of high-quality residences in the urban center does not meet the demand of the growing population of motivated outdoor enthusiasts seeking the lifestyle Colorado Springs and our new community has to offer.”
When complete in mid-2023, Elan Pikes Peak, located at 400 E. Pikes Peak Ave., will be downtown Colorado Springs’ largest apartment community. The builder for the project is Greystar Construction Group and the architect is Meeks + Partners.
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