colorado springs, colorado - Nor`wood Development Group

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- COLORADO SPRINGS, COLORADO -
111 South Tejon Street, Suite 222
Colorado Springs, CO 80903
719-593-2600
www.norwoodinteractive.com
POWERS AUTOPARK
PROJECT SUMMARY
Powers Autopark is located at the southeast corner of Woodmen Road and
Austin Bluffs Parkway in northeast Colorado Springs, approximately
one-half mile east of Powers Boulevard. Phase I, containing approximately
46 acres, is situated between Austin Bluffs Parkway to the west and Test
Drive to the east. Existing dealerships include:

Colorado Springs Dodge

Faricy Jeep-Chrysler

Bob Penkus Mazda

Liberty Toyota

Freedom Honda

Rocky Mountain Autobrokers
Available in Phase I is an additional 10 acres, presently offered exclusively
to new car franchises with new and use car sales. The 10 acres may be
divided into lot sizes suitable to the needs of interested dealerships.
Phase II, containing approximately 50 acres, is located between Test Drive
to the west and Duryea Drive to the east. This land may be developed as
mixed commercial use, combining auto-related sales and services with
other neighborhood needs such as banking and restaurants.
Nor’wood Development Group
111 S. Tejon Street, Suite 222
Colorado Springs, CO 80903
Phone: (719) 593-2600
www.norwoodinteractive.com
POWERS AUTOPARK
About Nor’wood
About Nor’wood
Since 1966, Nor'wood has been Colorado Springs' leading, locally-owned developer with a portfolio
in excess of 2.3 million square feet of retail, office and commercial space and 2,500 acres of
residential and mixed-use land.
Nor’wood has exemplified its commitment to Colorado Springs through numerous high-quality,
long-term developments that have enhanced the vibrancy and economic development of the city,
including but not limited to:

The 470,000 square foot Plaza of the Rockies in the core of Downtown Colorado Springs
stands for quality, sophistication and innovation. Striking architectural features, stacked
brick archways and expansive glass portray forward-thinking professionalism. The building
serves as home for national and regional companies, including Booz Allen Hamilton,
Colorado Springs Utilities corporate headquarters, numerous federal government agencies,
as well as several national financial service companies. The Plaza lobby connects north
and south towers, creating a natural gathering place home to one of the city’s newest
cultural assets, University of Colorado at Colorado Spring’s Gallery of Contemporary Art
(GOCA), and culinary dining hotspot, Nosh.

Alamo Corporate Center, a 12-story, 190,000 square foot Class A office building featuring
an elegant lobby and professional amenities such as a fitness center, full-service banking,
regional law firms and a title company. Located directly across from the Plaza of the
Rockies on Tejon Street, Alamo Corporate Center adds to Nor'wood's campus-styled
layout in the center of the city's financial district.

Adjacent to the City’s prized America the Beautiful Park, the 100 acre Palmer Village in
the southwest corner of Downtown Colorado Springs is prepared for development into a
mix of office, commercial, special retail, entertainment, hotel, parking and a variety of
residential uses.

Nor'wood's strategic influence is evident in its master planned communities - Nor'wood,
Wolf Ranch and Mesa Ridge which boasts a combined 6,500 acres of residential and
mixed-use development.

Colorado Springs’ premier lifestyle center on the eastside of the city, First & Main Town
Center, demonstrates the company’s deep understanding of retail development. The
complex features a 16-screen Cinemark Theatre and 3-D IMAX, Dick’s Sports, Super
Target, Lowe’s Home Improvement Center, Staples and Best Buy, among other retail and
restaurant establishments. Upon final build-out, project will encompass 800,000+ square
feet.
 InterQuest Marketplace is a premier commercial center on the north end of Colorado
Springs with approximately 900,000 SF of retail, hotel, dining, entertainment and residential
space. Phase 1 is currently underway featuring a Hollywood Theater, Brunswick Zone XL
and restaurants such as Cheddar’s Casual Café and Colorado Mountain Brewery.
In addition, Nor’wood has played a pivotal role in bringing to life such local gems as America
the Beautiful Park, a massive community gathering place where numerous special events take
place each year.
Nor’wood Development Group
111 S. Tejon Street, Suite 222
Colorado Springs, CO 80903
Phone: (719) 593-2600
www.norwoodinteractive.com
POWERS AUTOPARK
PROJECT HIGHLIGHTS
Comments and features of the Powers Autopark site and the surrounding area
include:
Nor’wood Development Group
111 S. Tejon Street, Suite 222
Colorado Springs, CO 80903
Phone: (719) 593-2600
www.norwoodinteractive.com

The City of Colorado Springs has a population of approximately
609,096. There are an estimated 264,310 people living within a 7-mile
radius of the Powers Autopark site, with a 2016 projection of 292,722
people.

The Powers Autopark site is located in the fastest growing residential
quadrant of Colorado Springs.

The Powers Autopark site’s primary trade area now includes roughly
two thirds of the population growth in Colorado Springs.

Income levels in the immediate areas of the Powers Autopark are
impressive. The 2011 estimated average household income within an
7-mile radius of the Powers Autopark site is $72,778. More
importantly, the 2011 estimated average household incomes within a
3-mile radius and 5-mile radius of the Powers Autopark site are
$82,017 and $76,939 respectively.

Current roadways will place more than half of the population in
Colorado Springs within a ten to fifteen minute drive of the Powers
Autopark.

Access and visibility are excellent from all roads intersecting the
development.

Slopes are upward to the east, providing excellent exposure to each
dealer form Woodmen Road and Austin Bluffs Parkway.
Source: Nielsen, February 2012
POWERS AUTOPARK
PROJECT HIGHLIGHTS ( continued)
Other comments and features of the Powers Autopark site and the
surrounding area include:
Nor’wood Development Group
111 S. Tejon Street, Suite 222
Colorado Springs, CO 80903
Phone: (719) 593-2600
www.norwoodinteractive.com

The development includes oversized streets with a center lane
reserved for transport off-loading, with roundabouts to enhance
customer safety and ease of reaching dealers.

Architectural Guidelines and Covenants enhance and ensure an
environment of quality and consistency.

Phase I and II are zone C-6 and are approved for auto sales and
services, among other commercial uses.

Land adjacent to Phase II, zoned PBC and situated between Duryea
Drive to the west and Powers Boulevard to the east, is currently in the
planning stages for compatible retail uses. Uses may include, among
others, retailing, office, financial and big box users.

Ongoing development near or adjacent to the Powers Autopark site
will generate qualified and consistent new customers.

The new St. Francis Regional Hospital, located at Woodmen Road and
Powers Boulevard.

The long range outlook for the Colorado Springs market is excellent.
Phase I
Phase II
Nor’wood Development Group
111 S. Tejon Street, Suite 222
Colorado Springs, CO 80903
Phone: (719) 593-2600
Fax: (719) 633-0545
Site Aerial
POWERS AUTOPARK
POWERS AUTOPARK
LOCATION MAP
Nor’wood Development Group
111 S. Tejon Street, Suite 222
Colorado Springs, CO 80903
Phone: (719) 593-2600
www.norwoodinteractive.com
Source: Claritas, February 2010
POWERS AUTOPARK
AREA AUTOMOBILE DEALERSHIPS
City of Colorado Springs
Colorado
Nor’wood Development Group
111 S. Tejon Street, Suite 222
Colorado Springs, CO 80903
Phone: (719) 593-2600
www.norwoodinteractive.com
POWERS AUTOPARK
DEMOGRAPHIC INFORMATION
2011 Demographic Summary
Nor’wood Development Group
111 S. Tejon Street, Suite 222
Colorado Springs, CO 80903
Phone: (719) 593-2600
www.norwoodinteractive.com
3-Mile
5-Mile
7-Mile
Population
100,177
173,911
273,507
Households
34,143
62,244
102,238
Average HH Family Income
$82,017
$76,939
$72,778
33.48
34.51
35.58
Median Age
Source: Nielsen, February 2012
POWERS AUTOPARK
DEMOGRAPHIC INFORMATION
DESCRIPTION
Population
2016 Population
2011 Estimates
Growth 2011-2016
2000 Census
1990 Census
Households
2016 Population
2011 Estimates
Growth 2011-2016
2000 Census
1990 Census
2011 Tenure of Occupied Housing Units
Owner Occupied
Renter Occupied
2011 Est. Average Household Size
2011 Est. Household by Household Income
Income less than $15,000
Income $15,000 - $24,999
Income $25,000 - $34,999
Income $35,000 - $49,999
Income $50,000 - $74,999
Income $75,000 - $99,999
Income $100,000 - $124,999
Income $125,000 - $149,999
Income $150,000 - $199,999
Income $200,000 - $499,999
Income $500,000 and more
2011 Est. Average Household Income
2011 Est. Median Household Income
2011 Est. Per Capita Income
2011 Total Employment
Nor’wood Development Group
111 S. Tejon Street, Suite 222
Colorado Springs, CO 80903
Phone: (719) 593-2600
www.norwoodinteractive.com
Data From: Nielsen, 2012
3-MILE
5-MILE
7-MILE
110,269
100,177
10.07%
70,827
43,001
188,955
173,911
8.65%
130,714
90,359
292,722
273,507
7.03%
225,176
169,398
37,264
34,143
9.14%
24,487
14,956
67,175
62,244
7.92%
47,622
33,396
109,053
102,238
6.67%
85,039
64,595
27,140
7,004
2.93
46,691
15,553
2.78
72,901
29,336
2.65
1,064
1,187
2,090
4,472
9,288
7,276
4,477
2,189
1,302
707
92
$82,017
$72,230
$27,989
20,002
2,767
3,375
5,141
8,895
16,375
11,607
7,058
3,320
2,227
1,307
171
$76,939
$66,708
$27,630
65,258
6,706
7,626
10,026
15,523
25,053
16,528
10,077
4,901
3,413
2,333
320
$72,778
$61,483
$27,333
132,031
132,031 Total
Nor’wood Development Group
111 S. Tejon Street, Suite 222
Colorado Springs, CO 80903
Phone: (719) 593-2600
wsw.norwoodinteractive.com
EMPLOYMENT TRADE AREA
POWERS AUTOPARK
Nor’wood Development Group
111 S. Tejon Street, Suite 222
Colorado Springs, CO 80903
Phone: (719) 593-2600
Fax: (719) 633-0545
DRIVE TIME MAP
POWERS AUTOPARK
POWERS AUTOPARK
AREA RETAIL DEVELOPMENT
LEGEND
Nor’wood Development Group
111 S. Tejon Street, Suite 222
Colorado Springs, CO 80903
Phone: (719) 593-2600
www.norwoodinteractive.com
1
Peterson Road Shoppette
13
Ridgeview Marketplace
2
Shops at Powers
14
Barnes Center
3
Palmer Park Supercenter
15
Barnes Corner Stop Addition
4
Safeway Marketplace East
16
Plaza @ Barnes
5
First & Main Town Center
17
Tutt Commercial Center
6
Springs Ranch Shopping Center
18
First & Main North
7
Powers Peak Center
19
Costco @ Barnes
8
Constitution Corners
20
Briargate Crossing Shopping Center
9
Champion Cleaners Building
21
Research Plaza
10
Barnes Marketplace
22
Lowe’s Home Improvement Warehouse
11
Powers Centre Shopping Center
23
The Market at Pine Creek
12
Constitution Place Center South
24
The Marketplace at Briargate
Updated February, 2007
POWERS AUTOPARK
2011 Household Income by Zipcode
Nor’wood Development Group
111 S. Tejon Street, Suite 222
Colorado Springs, CO 80903
Phone: (719) 593-2600
www.norwoodinteractive.com
Nor’wood Development Group
111 S. Tejon Street, Suite 222
Colorado Springs, CO 80903
Phone: (719) 593-2600
Fax: (719) 633-0545
FUTURE POWERS BLVD. EXTENSION PROJECT
POWERS AUTOPARK
POWERS AUTOPARK
2011 El Paso County Housing Build Out Map
Nor’wood Development Group
111 S. Tejon Street, Suite 222
Colorado Springs, CO 80903
Phone: (719) 593-2600
www.norwoodinteractive.com
POWERS AUTOPARK
2011 El Paso County Housing Build Out Map Data
Nor’wood Development Group
111 S. Tejon Street, Suite 222
Colorado Springs, CO 80903
Phone: (719) 593-2600
www.norwoodinteractive.com
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