There is a building boom in Colorado Springs, but it's not only happening where you think. A $560 million project is being built on the northern end of town right off of Interquest and I-25.
“We’re building a hotel with 320 rooms. It will be 10 stories tall and have 80,000 feet of meeting space," John Hammons with John Hammons Hotels said.
Right next to the 5 star hotel, there will be a marketplace. “We’ll have large retailers; some will be unique to the Springs. There will also be dining and entertainment in the form of a movie theater,” Fred Veitch from Nor’wood Development said.
The builders said they targeted this area of town since there is nothing like it up north. The Economic Development Corporation said that area is the fastest growing part of town. Construction could start next month. The hotel should be complete by fall 2008 and the marketplace will be done by 2011. The project will bring about 1,500 jobs to the city.