DevelopmentMultifamilyRecreationRetail

Upscale Theater Brand Selects Mixed-Use Development in Colorado Springs

Colorado Springs, CO – Starting today moviegoers in Colorado Springs will have a new option with the grand opening of the ICON Cinema located at 1818 Spring Water Place in north Colorado Springs. The 14-screen, VIP-experience theater includes among its unique features a 100-foot- wide screen, the largest in Colorado. The cinema is part of Victory Ridge, a 153-acre mixed-use project being developed by Westside Investment Partners, Inc. and marketed by Whitney Johnson, Patrick Kerscher and Jon Weisiger with CBRE Retail Services.

“The grand opening of the ICON Cinema is the first phase of what is shaping up to be one of Colorado Springs’ most exciting mixed-use development projects spanning office, retail, recreation and residential uses,” said Whitney Johnson, an associate with CBRE

Retail Services in Colorado Springs. “Once completed, Victory Ridge will be a true live-work-play destination for individuals and families. Currently a few sites remain available for sale or lease for companies who want to align themselves with top dining, shopping and entertainment brands like ICON.”

ICON Cinemas is a family-owned company that began in Roswell, New Mexico. The movie theater chain focuses on integrating upscale experiences into an affordable price point. Like their three existing theaters in New Mexico and Texas, the ICON Cinema in Colorado Springs will include electric vibrating recliners, all-you- can-eat popcorn, all-you-can-drink sodas and a digital ticketing process that lets patrons avoid the line and purchase specific seats in advance.

Located just off I25 at the southeast corner of Voyager Parkway and Interquest Parkway, upon completion Victory Ridge will include stores, restaurants, office space, a 1,100-car parking garage, a 10-acre multifamily housing development and a 15.6-acre high-density residential development with 288 townhomes. On the southeast corner of the development is the Field of Dreams Sports Complex, a 40-acre indoor/outdoor recreation site being developed by The Scott Hall Field of Dreams Foundation, which is anticipated to trigger 250,000 visitors and $25 million in visitor spending annually.

Rendering courtesy of Westside Investment Partners, Inc.

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