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Redevelopment
THE NEW COSTCO ALONG NORTH NEVADA AVENUE, OPENS TOMORROW. AND ALREADY, THE NEW "UNIVERSITY VILLAGE COLORADO" SHOPPING CENTER IS SEEING GREAT SUCCESS NEWSCHANNEL 13'S ZACH THAXTON IS LIVE WITH WHY THIS PROJECT HAS WEATHERED THE STORM WHILE OTHERS HAVE STRUGGLED. THE SIMPLE ANSWER IS LOCATION, LOCATION, LOCATION. BUT THERE'S A LOT MORE THAT GOES INTO IT THAN THAT. OPENING DAY FOR THE NEW PANERA AT UNIVERSITY VILLAGE COLORADO, AND THE PLACE IS PACKED WALL-TO-WALL. "we feel we've got a great project here, so we're excited to see them with this success already. " THE NEW SMASHBURGER OPENED TO A FULL HOUSE TUESDAY, AND THURSDAY IS THE BIG DAY FOR COSTCO. "Half the employees in that warehouse are new employees. They're learning new things. " THE PROJECT'S EARLY SUCCESS BOILS DOWN TO A PERFECT STORM OF STRONG ANCHOR TENANTS, GOOD FINANCING, AN AREA DESPERATE FOR ECONOMIC RENNAISSANCE, AND GREAT TIMING WITH OTHER PROJECTS. "The expansion of UCCS, the development of University park, the realignment of I-25. " "it's in the heart of Colorado Springs. It's basically in what we think of as the demographic centerpoint where from either end of the county, you can access the site within about a 20-minute drive. " "this took an enormous amount of work and capital investment, and I have to say that I think it's a very, very impressive accomplishment. "