COLORADO SPRINGS, CO-Western National Group and Nor'wood Development Group have unveiled plans for their fourth joint venture multifamily project in Colorado Springs. The development will be located within the InterQuest Marketplace development located at the intersection of I-25 and InterQuest Parkway.

InterQuest Marketplace is a dynamic mixed-use development owned by Nor'wood which offers a variety of entertainment and dining options to the residents of north Colorado Springs.

When complete, the apartment project will consist of 250 to 300-units featuring a mix of one, two and three bedroom apartments with various luxury amenities.

“The positive experience our firms are having working together, and the overall strength of the apartment market in Colorado Springs, have given both firms the confidence to begin work on a fourth project,” according to Rex DeLong, president of Western National Realty Advisors, an affiliate of Western National Group. “We've worked closely with Nor'wood in order to select sites which offer the future residents convenient access to transportation, local amenities and workplaces within this city,” DeLong noted.

“As partners, we remain focused on strategic infill locations in vibrant Colorado Springs markets,” DeLong added. “Colorado Springs has a growing population that is dynamic and highly educated. Together, we believe that the existing and proposed dining and entertainment offerings at InterQuest Marketplace, make this new apartment community a natural fit and will provide its residents with an extraordinary and energizing environment.”

Western National Group and Nor'wood Development Group are currently under construction on a 315-unit community located within Nor'wood's First & Main Town Center, a 260-unit community in the Rockrimmon submarket, and a 260-unit community located at Woodmen & Powers near the St. Francis Medical Center

Nor'wood Development Group has been Colorado Springs' leading, locally-owned developer for over 35 years with a portfolio in excess of 1.8 million square feet of retail, office and other commercial space. Nor'wood's strategic influence on Colorado Springs can be seen in its master-planned communities: Nor'wood, Wolf Ranch and Mesa Ridge, boasting nearly 5,000 acres of residential and mixed-use land.

Western National Group is a 45-year-old, fully integrated multifamily acquisition, development, construction and property management firm headquartered in Irvine, CA. Western National Group is one of the nation's largest multifamily owners/developers and is the umbrella over five separate entities.

Instant Insights /

Partners Working on Fourth Multifamily Project in Colorado Springs

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