URA Period:  2026 – 2051

Location:

The Moreno and Cascade Urban Renewal Area (“URA” or “Plan Area”) is located in
the City of Colorado Springs in El Paso County. The Plan Area is comprised of six
parcels with approximately 1.69 acres of land adjacent right of way (ROW). The
boundaries of the Plan Area to which this Plan applies includes the northwest
corner of Moreno Avenue and Cascade Avenue, the residential properties at the
southeast corner of Moreno Avenue and Sahwatch Street

Plan Goals:

The vision of the Plan Area, as expressed by the developer, includes two phases.
The first phase includes a hotel development on Parcel 1 with associated public
realm improvements on the adjacent right-of-way (ROW). The public realm
improvements are likely to include streetscape improvements, utilities, alley
improvements, a courtyard, and public art. There will be approximately 180 hotel
rooms with a public lobby, kitchen/bar, event space, and public parking,

Phase 2 will likely include residential development on Parcels 2 to 5 of medium to
high density that aligns with the current zoning and land use code. The residential
development is estimated to include between 70 to 115 units of attainable
housing. The goal for this development is to offer attainable housing. The
residential development is conceptual in nature and the actual development
program may differ. The exact number of units, building size, amenities, and public improvements for
the project are subject to change.

 Current Status: 

The urban renewal plan was approved by City Council in February 2026.