Volta at Voyager: New Multi-housing and Retail Development in Colorado Springs
COLORADO SPRINGS – The capitalization for the first phase of Volta at Voyager, a two-phase, Class A+ multi-housing and retail development in Colorado Springs has been secured. The 17-Acre development consists of 3.70 acres of retail and 13.40 acres of multi-family residential will serve a growing demand for multifamily housing in the city.
Holliday Fenoglio Fowler, L.P. (HFF) Senior Director Jim Curtin and Director Kristian Lichtenfels worked on behalf of the developer, Texas-based Shawn Goff of Bayley Yandell Development, to secure a floating-rate senior loan through Great Southern Bank and preferred equity through Sound Mark Partners, LLC. The capitalization represents the first of a two-phase project, which will encompass a total of 320 units and 20,000 square feet of retail once completed.
The first phase of Volta at Voyager will comprise 10 garden-style buildings containing 200 units averaging 924 square feet. Unit features will include first-floor private parking garages and high-end finishes, including large kitchen islands, stainless steel appliances, walk-in closets, outdoor balconies and mountain views. Additionally, the property will have a mountain resort-themed clubhouse with a business center, clubroom with fireplace and large-screen TV, and fitness facility as well as a heated outdoor pool, hot tub, and patio with grilling and lounge areas. Volta at Voyager is located at the northwest corner of Jet Stream and New Life Drives approximately two miles west of Interstate 25, which provides connectivity to major employment drivers in downtown Colorado Springs, Castle Rock and the Denver metropolitan area.
Altitude Land Consultants will provide civil engineering, landscape architecture and land surveying services for the project and plan to implement low-impact development water quality and detention design as a critical component of the project, transforming what is often an eye-sore of development into an amenity.
Rendering courtesy of HFF