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107 W Cheyenne RdColorado Springs, CO 80906
Luxe Tower
Asset ClassMultifamily
# Units73
Year Built: 1967AVG SF: 1,015Access Data Room
IRREPLACEABLE BROADMOOR LOCATION | OVERSIZED 1,015 SF AVG. UNIT SIZE | TWIN-T CONCRETE MID-RISE CONSTRUCTION

Overview

PREMIER BROADMOOR LOCATION Located in Colorado Springs’ highly desirable Broadmoor submarket, minutes from The Broadmoor Resort, Cheyenne Mountain Zoo, Ivywild School and Downtown Colorado Springs.

 

~$40,000 PER UNIT IN RECENT RENOVATIONS Ownership has completed substantial recent improvements, including renovated interiors and amenity space, positioning Luxe Tower well above typical 1960s-vintage competitive inventory.

 

EXCEPTIONALLY LARGE 1,015 SF AVERAGE UNIT SIZE Luxe Tower offers oversized floor plans averaging 1,015 square feet, highlighted by 33 two-bedroom residences averaging an impressive 1,272 square feet.

 

TWIN-T CONCRETE MID-RISE CONSTRUCTION Durable Twin-T concrete construction provides a differentiated physical plant and building profile that is difficult and increasingly expensive to replicate with new construction.

 

RESORT-STYLE AMENITIES + MOUNTAIN VIEWS Oversized private balconies, sweeping mountain views, a community pool, fitness center, sauna and additional resident amenities create a differentiated living experience within the Broadmoor submarket.

 

~29% RENT DISCOUNT TO COMPETING CLASS A COMMUNITIES Luxe Tower offers renovated interiors, large floor plans and a robust amenity package at rents approximately 29% below comparable Class A communities, creating an attractive value proposition for residents and meaningful runway for future rent growth.

 

MODERATING NEW SUPPLY SUPPORTS FUTURE RENT GROWTH Colorado Springs’ development pipeline has declined significantly from recent peak levels, reducing competitive supply pressure and creating a more favorable backdrop for occupancy and rent growth as recently delivered inventory is absorbed.

 

COMPELLING AFFORDABLE-LUXURY POSITIONING Luxe Tower bridges the gap between conventional workforce housing and newly constructed Class A product, offering residents the space, finishes and amenities of higher-end communities at a substantial discount to both new construction and the cost of homeownership.

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107 W Cheyenne RdColorado Springs, CO 80906
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