Rich Laden

Business/News Business Reporter

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.