With Summer in the rear-view mirror and the beautiful colors of fall just around the corner, business continues to keep us busy. As we serve this great city, we want to take a minute to say THANKS, for helping make Colorado Springs one of the best cities in the nation. 

Mayor John Suthers delivered his 8th and final State of the City address on September 8th. Here's a few of the key takeaways:

    ~ The state of our city is excellent and our future is bright!

    ~ Our municipal economy has risen to the 9th in the nation, up from 98th in 2015

    ~ GDP has increased by $10 billion since he took office in 2015 and is now $40 billion

    ~ Our city has seen 17% growth rate over the last decade

    ~ Springs is ranked the #1 Most Desirable Place to Live and #2 Best Place to Live

    ~ Tourism continues to be very strong and bright

    ~ COS Airport traffic has doubled over the last decade

The Downtown Development Authority and Downtown Ventures has partnered with ArtSpace, a Minneapolis developer of artist housing, to bring affordable housing for artists to Downtown. 315 E Costilla St. is an 8,252 SF two-story office building built in 1928. Olive Real Estate Group has managed the building since DDA purchased it in 2019. ArtSpace Affordable Housing will retain about 2,000 SF of the historic building and add 5 stories of new construction. The property will have 51 units of affordable housing and 7,500 SF of commercial space comprised of about 22 artist studios. The project will cost around $28 million and is expected to be completed in 2024. We are thrilled to see another new development take shape Downtown.  

Olive Real Estate is a proud Creek Sustainer sponsor of the Fountain Creek Watershed District. Creek Week is coming up September 24th through October 2nd. Volunteers from all over the city will come out to help clean up litter along areas that directly feed Fountain Creek. Read more about the project and sign up to get involved at a public cleanup event below. 

Office / Warehouse Condo For Sale

712 Clark Place Unit 130 is a 2,400 SF condo for sale at $595,000. The property features a 1,600 SF warehouse, 14' drive-in door, and 16' clear height in the warehouse. Contact Alex Dumas for more information or view the full listing. 

Restaurant For Sale

2817 N Nevada Ave, the former Johnny's Navajo Hogan restaurant and bar is now offered for sale at $1,445,000. This iconic building is on the National Historic Registry and the new owner can receive up to 45% savings on improvement costs. 

Palmer Park Supercenter is a Walmart anchored strip center managed and leased by Olive. The center was recently painted and received a fresh new look. Cristine Gritz, property manager for the center, managed the project for the owner. What a drastic difference some paint can make! There's 1 space available for lease. View the listing for more details. 

Do you have a property that you would like to sell or lease? Do you have a property that you need professionally managed or would like to find out how to make your building more sustainable? We have a team of experts ready to help so call us today. 719-598-3000

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