Nov 21, 2012 8:10 PM by Zach Thaxton

Pikes Peak region poised for building surge in 2013

The Pikes Peak region is poised to see a significant surge in building and construction in 2013, according to data compiled by Pikes Peak Regional Building.  "We feel construction will be up next year, particularly in single-family dwelling," said Bob Croft, Deputy Building Official Development Coordinator with the Regional Building Department.

Croft says his office anticipates 2,300 to 2,400 new residential builds in 2013, compared to roughly 1,500 in 2012.  Some of those will be rebuilt homes amid the destruction from the Waldo Canyon Fire in the Mountain Shadows neighborhood.  The increase in builds is encouraging, but still significantly less than the boom years of 2004-'05 when there were an average of 5,000 new residential builds per year.

Commercial construction is also likely to continue its upswing, Croft says.  He says his office is aware of a surge of companies that will be relocating to or starting up in Colorado Springs in 2013, including companies that have not yet publically announced their plans to build.  "We have more than an unusual amoung over the last two years already happening," Croft said.

Large military construction projects are already under way.  A nearly 80,000-square-foot VA clinic at Fillmore Street and Centennial Boulevard and a new, $40 million National Guard facility on Fort Carson both broke ground last week and will create hundreds of jobs through the construction process. "I would say that there's more work out there, so it might be a good time if somebody wants to take that venture," Croft said.


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