This is the first in a series of papers, where we introduce and study topological spaces that realize the algebras of quasi-invariants of finite reflection groups. Our result can be viewed as a generalization of a well-known theorem of A. Borel that realizes the ring of invariant polynomials a Weyl group as a cohomology ring of the classifying space of the associated Lie group . In the present paper, we state our realization problem for the algebras of quasi-invariants of Weyl groups and give its solution in the rank one case (for ). We call the resulting -spaces the -quasi-flag manifolds and their Borel homotopy quotients the spaces of -quasi-invariants. We compute the equivariant -theory and the equivariant (complex analytic) elliptic cohomology of these spaces and identify them with exponential and elliptic quasi-invariants of . We also extend our construction of spaces quasi-invariants to a certain class of finite loop spaces of homotopy type of originally introduced by D. L. Rector. We study the cochain spectra associated to the spaces of quasi-invariants and show that these are Gorenstein commutative ring spectra in the sense of Dwyer, Greenlees and Iyengar.

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