Rich Laden

Business/News Business Reporter

Crews lay the overhead electrical Thursday, Dec. 8, 2016, in the new 125,000 square-foot King Soopers at the intersection of Constitution Avenue and Marksheffel Road. The grocery store is scheduled to open in the summer of 2017. (The Gazette, Christian Murdock)
CUTLINE: The 440-unit Grand River Canyon apartment complex, near Academy and Briargate boulevards on Colorado Springs' north side, was purchased this week for a record $73.3 million, another sign of the strength of the area's multi-family market. COURTESY PHOTO
Water Park
The Great Wolf Lodge is projected to open on December 26. Tours were given of the water park in progress. photo by Jerilee Bennett/The Gazette
The 300-unit Elements at Briargate apartment complex is under construction northeast of Research and Voyager parkways on Colorado Springs' far north side. Even as 2,000 apartments are planned, the local multi-family supply remains tight and rents continue to rise - soaring to another record high in the third quarter. RICH LADEN, THE GAZETTE
Colorado Springs-area homebuilding reached a 10-year high in November. Gazette file photo by Mark Reis.