O'Neil Group proposes innovative apartment project to revitalize Colorado Springs downtown

The Colorado Springs Downtown Review Board convened on February 4, 2025, to discuss an ambitious new development project aimed at revitalizing the downtown area. The O'Neil Group, represented by Chief Strategy Officer Andy, presented plans for a high-quality apartment complex that promises to fill a significant gap in the local housing market.

The project, spearheaded by CEO Kevin O'Neil, is part of a broader vision to enhance downtown Colorado Springs. O'Neil has previously invested over $30 million in renovating the historic train station and developing the Catalyst Campus for Technology and Innovation, which has already created more than 2,600 jobs in the defense tech sector. This new apartment complex is expected to further stimulate the local economy by attracting residents and businesses alike.

Nick Benjamin from Vela Development Partners emphasized the project's unique appeal, highlighting the natural beauty of Colorado Springs and the potential for stunning views from the apartments. He expressed excitement about the project, noting that it stands out among their current developments across various cities, including Phoenix and Nashville.

The design team, led by architect Frank Andre from Horace Copeland Macht, showcased previous successful projects to illustrate their capability and vision for the new development. They aim to create a beautiful living space that not only meets the needs of residents but also enhances the overall aesthetic of downtown Colorado Springs.

This project represents a significant step towards addressing the community's housing needs while also contributing to the ongoing revitalization of the downtown area. As the development progresses, it is expected to attract new residents and businesses, further enriching the local economy and community life. The board's discussions reflect a commitment to fostering growth and innovation in Colorado Springs, aligning with broader goals for urban development and community enhancement.