Building Up Our City
We are Southern Colorado's leading placemaker.
From the start, Norwood has been solely invested in the Pikes Peak region. Over the decades, we’ve built a diverse real estate portfolio focused on developing a dynamic and future-focused Downtown within an authentic cityscape.
Our Work
We continue to create leading multifamily residential communities, commercial town centers, office buildings, and master-planned communities.
Case Studies
Master-Planned Communities
Neighborhoods
Designed for Community
Our team is responsible for their development, operations, and management, ensuring they continue to be a source of community and regional pride. We have harmoniously incorporated these values into our beautiful master-planned communities, Wolf Ranch and Percheron (coming Summer 2025).
Norwood has developed more than 4,800 acres of master-planned communities over the last 50 years. We are currently working to add an additional 18,000 acres of MPCs in the coming years. Our team guides these projects from early concept and vision development through the zoning entitlement and subdivision process and manages all construction activities – from major infrastructure needs through to finished lots. Our neighborhoods offer amenities and events that engage our residents year-round.
Apartment Communities
Connecting Residents
to their Neighborhood
We believe that great communities provide an array of housing opportunities for their residents. By creating more than 1,800 apartments in the last 10 years, and with a near-term pipeline of an additional 1,000 units, we continue to be the leading multifamily developer in Southern Colorado. Our portfolio consists of suburban garden-style apartments, dense urban apartments, and most recently, with the addition of Greenway Flats, 65 permanent supportive housing units for the chronically homeless.
We have created a spectrum of various housing opportunities at the forefront of downtown Colorado Springs. Our properties include 333 ECO, The Mae on Cascade, VIM Living, and Lark on Woodmen.
Hospitality
Catbird Hotel
Sage Hospitality Group and Norwood Development Group have submitted a preliminary proposal to build a new Catbird Hotel in downtown Colorado Springs, at the corner of East Moreno Avenue and South Cascade Avenue. The proposed hotel, an extended-stay, full-service property, will feature 180 rooms, along with dining and meeting spaces. It will be the second Catbird Hotel, following the original in Denver, and will be part of Sage’s portfolio of independent lifestyle hotels. Groundbreaking is expected in Spring 2025, with completion planned for Fall 2027.
Retail Experiences
Evolving Brick and
Mortar Experiences
We create engaging retail destinations designed to serve every resident of the Springs.
With more than 2M SF of commercial and retail space, our First & Main Town Center and InterQuest Marketplace commercial properties represent two of the Pikes Peak region’s premier shopping, dining, and entertainment destinations. Epicenters of community and commerce, these properties draw both locals and visitors alike. Our team is responsible for their development, operation, and management, ensuring they continue to be a source of community and regional pride.
Meanwhile Block
A Vibrant Hub of Temporary,
Adaptable Spaces
Development takes time. Until then, “Meanwhile” spaces are innovative solutions for the temporary use of vacant units, unused buildings, or sites awaiting redevelopment. We are proud to have brought this concept to Colorado Springs with the Meanwhile Block in the Park Union Business District.
Since its inception, Meanwhile Block has hosted an impressive calendar of events, from farmers and vintage markets to fitness classes and holiday soirees. It also fosters a supportive environment for local businesses and entrepreneurs, such as Local Honey Collective, Idyll Manor, and Camp Goods Pottery. Norwood aims to make the Block a testing ground for shaping the future character of the Park Union Neighborhood, fostering innovation, experimentation, and inspiration that will resonate throughout the Colorado Springs community.
Downtown Colorado Springs
The Economic and Cultural
Soul of Our Region
We are focused on developing a dynamic and future-focused Downtown within an authentic cityscape.
The renaissance in Downtown Colorado Springs is well underway, with the addition of new restaurants, shops, reinvigorated office spaces and hotels. Projects completed and under construction from 2013 to 2023 total $2.3 billion. This steady growth is supported by a growing downtown resident base. Nearly 2,000 new apartments are expected to open in the next 2 years. Norwood continues to expand opportunities Downtown with its strategic land acquisitions and market-setting projects.
Park Union
Colorado’s Premier
Urban Neighborhood
We are blending urban refinement with outdoor adventure to create the Springs’ next neighborhood.
Park Union represents a once-in-a-generation opportunity to transform an 82-acre underutilized corner of the city center into an extraordinary new urban neighborhood. Designed around the recently completed U.S. Olympic and Paralympic Museum and America the Beautiful Park, Park Union promises an artful connection of urbanity and outdoor experiences. The Park Union Bridge, figuratively and literally, provides a connection between Downtown Colorado Springs and its abundant natural assets – offering the Promise of Colorado to longtime residents, recent arrivals and visitors. The 5M SF master plan envisions a variety of uses, including living, shopping, working, and hospitality within the heart of the city and at the doorstep of Rocky Mountain adventure.
Visit WebsiteThe Springs’ Eastern Edge
Fostering
Smart Growth
We are pursuing projects with new opportunities for long-term growth and large-scale impact.
With forecasts for continuous population growth in the coming decades, our city will need to grow both up and out. Representing 85% of the future growth capacity of the Pikes Peak region, Banning Lewis Ranch is a legacy property along the eastern flank of Colorado Springs. Working with land planners, engineers, biologists, historians and others, we spent 5 years developing a guiding framework plan for the development of Norwood’s 18,000-acre portion of the ranch. The plan envisions 70,000 dwelling units, 20M SF of retail, office, industrial, civic, and other non-residential uses linked together with open spaces, parks, and trails.
Greenway Flats
Permanent Supportive Housing
The first of its kind in Southern Colorado, Greenway Flats is a 65-unit permanent housing residence for the chronically homeless. Funded by low-income state and federal tax credits and constructed by Norwood, the project offers ongoing resident support services from Springs Rescue Mission.