Colorado Springs Suburb Welcomes Luxury Apartments Amidst Booming Economy

Monument, Colorado – Thompson Thrift, a national real estate development and investment firm, has broken ground on ‘The Maverick,’ a 300-unit luxury multifamily community in Monument, Colorado, aiming to capitalize on the region’s robust economic growth and increasing demand for high-quality housing. The development is poised to address a growing need for upscale living options in a suburb experiencing a surge in population and job creation.

A Region on the Rise

The Colorado Springs Metropolitan Statistical Area (MSA) is rapidly becoming a desirable location for both businesses and residents. Driven by a diversifying economy and a high quality of life, the region is experiencing a period of significant expansion. Since 2022, 23 companies have announced expansions within the MSA, promising over 4,000 new jobs and more than $2 billion in capital investment.

“The fundamentals are very strong here,” explained an anonymous local economic analyst. “We’re seeing growth across multiple sectors, and that's attracting both skilled workers and new businesses. The demand for housing, especially high-end rentals, is definitely outpacing supply.”

The Maverick is strategically located to benefit from this growth, offering residents convenient access to major employment centers, including the U.S. Air Force Academy and the expanding aerospace and defense industries clustered around the Colorado Springs Airport.

Meeting the Demand for Luxury Living

Thompson Thrift has identified a clear gap in the Monument housing market – a shortage of upscale rental options. The Maverick will offer a mix of one-, two-, and three-bedroom apartments featuring modern amenities and finishes. Planned amenities include a state-of-the-art fitness center, a resort-style pool, a clubhouse with a co-working space, and pet-friendly features.

“We’re seeing a growing demand for luxury living experiences, even in suburban markets,” stated Josh Purvis, Managing Partner at Thompson Thrift Residential. “Residents want more than just a place to live; they want a community with amenities and services that enhance their lifestyle.”

The project’s design emphasizes a modern aesthetic and incorporates sustainable building practices, reflecting a growing consumer preference for environmentally responsible living. Thompson Thrift has a strong track record of developing and managing high-quality multifamily communities across the country. This project expands their footprint in Colorado, currently operating 12 communities between Colorado Springs and Fort Collins with over 5,600 units built in the state over 12 years.

A Strong Foundation: Schools and Community

Beyond economic opportunity, Monument and the surrounding areas boast a highly regarded school system, further attracting families to the region. The Lewis-Palmer School District 38 consistently receives top rankings in the state, achieving “Accredited with Distinction” status for over a decade.

“The schools are a major draw for families moving into the area,” said an anonymous parent and local resident. “The quality of education is exceptional, and the district provides a wide range of extracurricular activities.”

The district's strong academic performance, coupled with a relatively low crime rate and access to outdoor recreational opportunities, contributes to a high quality of life that makes Monument a desirable place to live.

Navigating the Challenges

While the economic outlook for Colorado Springs and Monument is positive, the region faces challenges common to many rapidly growing areas. Rising housing costs, traffic congestion, and infrastructure limitations are concerns that local officials are actively addressing.

“We’re working to balance growth with sustainability,” explained an anonymous local government official. “We need to ensure that infrastructure keeps pace with population growth and that housing remains affordable for a diverse range of residents.”

The Maverick's location offers convenient access to major transportation corridors, including I-25, but increased traffic is a concern. Local authorities are planning infrastructure improvements to alleviate congestion and enhance transportation options.

A Look Ahead

The Maverick is expected to be completed in late 2026. Thompson Thrift plans to continue expanding its presence in Colorado, with potential developments in other fast-growing suburbs. The company is committed to providing high-quality housing options that meet the evolving needs of residents.

“We believe that Colorado is a great place to invest in multifamily development,” stated Purvis. “The state’s strong economy, growing population, and high quality of life make it an attractive market for both residents and investors.”

The development of The Maverick represents a significant investment in the future of Monument and the Colorado Springs region. As the area continues to grow, the demand for quality housing will likely remain strong, creating opportunities for developers and investors alike. The project reflects a broader trend towards suburban living, driven by a desire for more space, better schools, and a higher quality of life. As the region navigates the challenges of growth, thoughtful planning and sustainable development practices will be crucial to ensuring a prosperous future for all.