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Phoenix & Southwest  + Southwest  + Apartments  | 

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.

For comments, questions or concerns, please contact Lisa Brown

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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