By admin 
Yes.
The two tallest buildings in Colorado Springs — the 15-story Wells Fargo Tower and the 14-story FirstBank Building — are set for a foreclosure auction starting Oct. 21, El Paso County records show.
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The buildings are part of a downtown complex valued at $70 million whose owners, four Delaware-based limited liability corporations, owe nearly $60 million on a $74 million loan from Wilmington Trust. Also in foreclosure are a third office building, a retail center and a parking garage.
The garage, estimated to be worth $22.5 million, is the complex’s second-most valuable structure after the Wells Fargo Tower, worth $23 million.
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Foreclosure records didn’t say when the owners first defaulted on payments.
In 2025, the Colorado Springs City Council approved plans for a $225 million, 27-story OneVela residential tower, which would become the city’s tallest building if constructed.
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Sources
- El Paso County Public Trustee
- El Paso County Palmer Center profile
- Colorado Springs Gazette Colorado Springs’ tallest, most prominent buildings fall into foreclosure
- Colorado Springs Gazette Construction on a 27-story apartment tower expected to begin by year’s end