A rundown office building will soon be transformed into more than 30 small apartments.
Under plans submitted to the Pikes Peak Regional Building Department, which issues building permits, the building located at 125 N. Parkside Drive will be turned into 32 new apartment units.
The remodel and redevelopment of the dilapidated 35,000-square-foot building comes as the Colorado Springs apartment market appears to be in a healthy spot, according to previous coverage by The Gazette.
“It will be a nice infill project to clean up an old building that appears to be in rough shape,” the building department said last week on social media. “We haven’t permitted a lot of renovations like this, but it’s a growing trend nationwide. Denver, for example, has a lot of unused offices being turned into apartments.”
An office building located at 125 N. Parkside Drive in Colorado Springs will soon be converted into 32 small apartment units.
The project, headed by Colorado Springs-based Solon Homes, capitalizes on an approach that has worked in large and small, though expensive markets, like New York, San Francisco and Minneapolis, according to Multi-Housing News.
Where “micro-apartments” are about 200 square feet, the new units planned in Colorado Springs may be significantly larger.
A 2025 report from the building agency suggests the project at Parkside Drive will cost $2.2 million. According to staff with the city of Colorado Springs, the location is zoned for both residential and mixed-use development.
The entire building is 35,000 square feet, though one of the levels is a garage. Assuming the levels have an equal amount of space, that leaves roughly 23,300 square feet for developing the 32 units.
Divided evenly, that means each unit will have roughly 730 square feet. This does not take into account hallway spaces, elevators, building utility rooms, and other apartment necessities. The average size of an apartment in Colorado Springs is 670 square feet, according to Apartments.com.
Solon Homes and contacts listed in planning documents did not respond to multiple requests for comment ahead of this story.
link
