Coming in 2026!

Artspace Colorado Springs

Home for the Downtown Colorado Springs creative community

315 E Costilla St Colorado Springs, CO, 80903

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Overview

Artspace Colorado Springs grew out of a grassroots effort led by the Colorado Springs Downtown Development Authority (DDA). A mixed-use, five-story building located in the Creative District downtown, it will be built to National Green Building standards with photo-voltaic capacity and EV-ready parking spaces.

To designate Artspace Colorado Springs as a destination for the arts, public art components will include murals situated on the building’s exterior vertical spaces and sculptural components along the right-of-way adjacent to Wahsatch.

The exterior design will reflect the level of artistic activity occurring within the 51 units of multifamily affordable housing and 3,000 square feet of commercial space. All the units are one- or two-bedrooms, addressing studies that showcased a need to attract graduate students and young artists, thereby retaining the next generation of creative workers. Through a concentration of residential units and commercial space that prioritizes the creative workforce, Artspace Colorado Springs will plant a flag for the creative community—and the District at large—that this is safe and forever home for the creative sector.

Property Development Team

  • Artspace Projects, Inc., Owner/Developer
  • Bryan Construction, General Contractor
  • HHL Architects, Architect

Community Partners

  • Artspace Colorado Springs Steering Committee
  • Downtown Partnership of Colorado Springs
  • Bob Wolfson, Community Partner

Financing Partners

  • American Rescue Plan Act
  • Artspace Projects, Inc.
  • Colorado Creative Industries
  • City of Colorado Springs
  • Colorado Division of Housing – Department of Local Affairs
  • Colorado Housing and Finance Authority
  • Colorado Office of Economic Development & International Trade
  • El Paso County Housing Authority
  • El Paso County
  • J.P. Morgan
  • Raymond James

Philanthropic Partners

Platinum:

  • Bee Vradenburg Foundation
  • Carma Fund of Pikes Peak Community Foundation
  • Nard Claar
  • Colorado Springs Health Foundation
  • El Pomar Foundation
  • GE Johnson Foundation
  • H Chase Stone Trust
  • John & Margot Lane Foundation
  • Joseph Henry Edmondson Foundation
  • Kahala Fund of Pikes Peak Community Foundation
  • Kirkpatrick Family Fund
  • Pikes Peak Community Foundation
  • Ronald & Judith A. Palmer Fund of Pikes Peak Community Foundation
  • Connie Schmidt
  • Tiemens Foundation
  • Weidner Apartment Homes

Gold:

  • John D & Karla S Balk
  • Susan Edmondson
  • Strub Heer Foundation of Pikes Peak Community Foundation
  • Vance and Betsy Brown –
  • Brown Legacy Fund of Foundation of the Heart

Silver:

  • The Richard Petritz Foundation
  • Patrick Faricy Family Fund of Pikes Peak Community Foundation

Pro Bono / In-Kind Support:

  • Olive Real Estate Group

Coming in 2026!

Estimated Timeline

Under construction. Coming in 2026!

Features & Amenities

• Creative commercial space
• Art plaza for public gatherings
• Public art

Units

51 live/work, including 40 one-bedrooms and 11 two-bedrooms units

Commercial Space:

~3,000 sq. ft.

Development Type

New construction

Estimated Project Cost

$29,445,254