Albuquerque Development

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^{ABQ Convention Center remodel.}

 

 

 

Lunch time photo.

 

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Looks like work on the Anasazi's exterior is almost complete.
 

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From the Winrock Town Center's Facebook.
Dave & Busters at Winrock Town Center has a tentative open date of Early Summer 2014

https://www.facebook.com/pages/Winro...46467532047020

Edited August 20, 2013 by BigTymeABQ

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Albuquerque's diversity.
 

http://demographics.coopercenter.org/DotMap/index.html

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Blue Cross parent gobbles up 85,000 SF with North I-25 lease deal

Damon Scott
Reporter-
Albuquerque Business First

The parent company of Blue Cross and Blue Shield of New Mexico has closed a deal to lease almost 85,000 square feet of office space in the North I-25 corridor.

The square footage of the space at 4411 The 25 Way makes it one of the biggest office deals in the Duke City in recent years. It should give a major boost to the city’s office market, which has been bogged down by a high vacancy rate in recent years, hovering at about 18 percent.

Brian Chernett, Dan Maslauski, Michael Sessa and Marti Nemer with Jones Lang LaSalle represented Health Care Service Corp., Blue Cross’ parent company, in the seven-year lease transaction. Scott Whitefield and Terri Dettweiler with CBRE represented the landlord, Senior Housing Properties Trust. The property is managed by Reit Management & Research LLC, Real Estate Services, CBRE said. Additional terms of the lease were not disclosed.

http://www.bizjournals.com/albuquerq....html?page=all

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Future of 4th Street Mall in limbo
City Council plans to connect 4th Street, Copper Avenue

http://www.koat.com/news/new-mexico/...medium=twitter

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Albuquerque high-rise sold to LA company

Damon Scott
Reporter-
Albuquerque Business First

An iconic Albuquerque office building has sold to a Los Angeles real estate company. The Bank of the West building at 5301 Central Ave. NE and the nearby Two Park Central Tower at 300 San Mateo Blvd. NE were sold to ICO Development LLC.

The price of the purchase was not disclosed, but the asking price was $19.25 million. ICO is a real estate development and management company with a portfolio of more than 4 million square feet of commercial, retail and industrial properties.

http://www.bizjournals.com/albuquerq...a.html?ana=twt

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Anasazi begins pre-selling units

Damon Scott
Reporter-
Albuquerque Business First

The Anasazi high-rise development in Downtown Albuquerque has a residential sales team and is beginning to pre-sell units. Mercury Properties has picked up the residential leasing with two brokers — Lynette Manzanares and Joe Corso.

There will be 45 residences for sale, with each unit having its own reserved parking space. The first phase of residential units will be priced from $143,500 to $363,000 and will include three floorplans. Onsite sales will begin Sept. 15 with private tours available by appointment.

http://www.bizjournals.com/albuquerq...medium=twitter

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Massive Moriarty retail development to break ground

Damon Scott
Reporter-
Albuquerque Business First

Residents in Moriarty and visitors passing through will have more retail and restaurant options to choose from soon.

A multimillion dollar Class A retail development is breaking ground this month on the old Route 66 road that passes through the middle of the town just off Interstate 40. The land, which will be developed into the Shops @ Old 66, was purchased by a group of investors that includes Mark Cordova of Cordova Contracting and Development, who will also be the general contractor on the project.

Mark Hammond and Yancey Cluff of Roger Cox and Associates are the brokers on the deal, representing the investors. “Moriarty has never seen anything like this,” Hammond said, of the site that sees about 33,000 cars pass by each day.

http://www.bizjournals.com/albuquerq...0&t=1378502655

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City meets on Fourth St. Mall makeover

http://www.youtube.com/watch?v=ZGo8S0nSfn8

Edited September 9, 2013 by BigTymeABQ

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Regents approve UNM’s ‘Innovate ABQ’ plan

By Olivier Uyttebrouck Journal Staff Writer

‘Live, work and play community’ sought
A plan allowing the University of New Mexico to obtain a $1.5 million federal grant to help purchase a seven-acre Downtown site for a proposed research district, called “Innovate ABQ,” was endorsed Tuesday by regents.
Plans call for work space for start-up companies together with apartments and student dormitories intended to attract researchers, professionals and entrepreneurs who will form a “live, work and play community” at the site, UNM President Bob Frank told regents.
The site at Central and Broadway SE, once occupied by the First Baptist Church, will be developed by a consortium of public and private partners, including UNM, Sandia National Laboratories, the city of Albuquerque and Bernalillo County, he said.


http://www.abqjournal.com/260911/new...-abq-plan.html

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Task force unveils plan to make Albuquerque's 4th Street Mall safer Project would cost $1.5 million

 

ALBUQUERQUE, N.M. —A special task force has unveiled a plan to address issues of crime and homelessness downtown.

It centers around the 4th Street Mall.

Venezia Pizzeria opened six months ago on 4th Street, but it's already had to lock its bathroom doors to keep heroin addicts from going inside and shooting up.

 

And then there's the violence.

"I've had customers beat up by the gang members out here, put in the hospital. His whole cheek was inverted," said Venezia manager Nathan Plimpton.

It's keeping street performer Janette McClelland home, instead of out playing her trombone. "You're afraid you're going to get groped or you're going to get attacked or somebody's going to rip you off," she said.

Read more: http://www.koat.com/news/new-mexico/albuquerque/task-force-unveils-plan-to-make-albuquerques-4th-street-mall-safer/-/9153728/21874630/-/65molm/-/index.html#ixzz2ebBUIT8G

 

 

Edited September 11, 2013 by BigTymeABQ

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‘Innovate ABQ’ proposal goes before regents
Frank pressing for ‘concentrated research district’ in the city

By Chloe Henson
New Mexico Daily Lobo


UNM’s effort to centralize Albuquerque’s entrepreneurial startup scene finally goes to the Board of Regents.

At a Board of Regents meeting Tuesday, UNM President Robert Frank talked about the project Innovate ABQ.

According to the website of UNM’s Science and Technology Corporation, Innovate ABQ is a collaborative project between UNM, the city, the county, the state and local business communities. The venture will “create a research and innovation district near the University,” which will provide students with opportunities in jobs, internships, residential and cultural amenities related to science and mathematics, according to the site.

Frank said New Mexico “has great science” and “entrepreneurial personality,” but Albuquerque has no single place for scientific minds to connect.

http://www.dailylobo.com/article/201...before-regents

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Tres Amigas signs Downtown Albuquerque lease

Dan Mayfield
Reporter-
Albuquerque Business First

The old Petroleum Club in Downtown Albuquerque has a new tenant.

Tres Amigas LLC has signed the lease to move its corporate headquarters, back office and operations to the former restaurant space on the top floor of the building at 500 Marquette.

The company signed a lease on Friday, said company CFO Russ Stidolph. Terms were not disclosed.

http://www.bizjournals.com/albuquerq...&ed=2013-09-13

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Here’s an idea for managing growth

By John Hooker
newmexicomercury.com

Traditionally, Albuquerque has grown outward as fast as it could. The choice is whether we should grow up instead. Mayor Berry has called the 10-year-old impact fee system “unfair” to growth on the edge, to developers and merchant homebuilders. But wasn’t the intent to balance the public costs of growth on the edges with the cost of maintaining the older city? Wasn’t the problem that there were neighborhoods on the West Side that weren’t going to get public parks for another 25 years because there wasn’t any money for them – unless we robbed the existing city. Isn’t the problem that we are robbing the existing city to pay for our way of growing past the horizon?

For years, the city of Albuquerque and the surrounding county and towns have been planning on growth. The path has been clear: Build, move out to the next piece of empty land and build again. The result over the past 20 years has been just that - the urbanized area in and around Albuquerque has grown faster than the population. Perhaps 20 years ago we realized that we, the public, could not afford to keep up with that growth without new taxes on existing homeowners and businesses or without starving old neighborhoods of needed renewal and replacements of old infrastructure.

http://newmexicomercury.com/blog/com...anaging_growth

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UNM awaits word on federal funds for Innovate ABQ

Dan Mayfield
Reporter-
Albuquerque Business First

By the end of the month, the University of New Mexico should know if it can proceed with buying the Aperture Center at Mesa del Sol and the First Baptist Church building Downtown to start its Innovate ABQ incubator.

The school hopes to get word soon on a $1.5 million federal Economic Development Administration grant that would make the new Innovate ABQ incubator a reality.

The grant would match funds from the school.

http://www.bizjournals.com/albuquerq...ovate-abq.html

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Anasazi ready for its next act

Dan Mayfield
Reporter-
Albuquerque Business First

The revamp of the Anasazi high-rise building Downtown was officially unveiled on Thursday.

The Anasazi has gone through a long road to get here. Its former developer, Vincent Garcia, pleaded guilty to criminal charges regarding the misuse of bank loans.

The high-rise is ready to start selling units and leasing space, said Marguerite Haverly, a senior associate with Colliers International. So far none of the condos have been sold and no tenants have signed leases, she said.

http://www.bizjournals.com/albuquerq...medium=twitter

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UNM eyes downtown church for business site
First Baptist Church property may become new hub

By Chris McKee
KRQE News 13

ALBUQUERQUE (KRQE) - The University of New Mexico is considering paying millions of dollars to buy a church.

While it might sound strange, the university says investment could actually bring a long-sought "business incubator" hub right to downtown Albuquerque.

UNM is the latest group to consider buying the First Baptist Church property at the corner of Broadway Boulevard NE and Central Avenue. Both the city of Albuquerque and Albuquerque Public Schools had considered buying the property in the past.

However, those deals fell through, and the property has sat vacant for years.

“We could really create that live-work-play community there,” said Lisa Kuuttila, president and CEO of UNM.STC, also known as the Science and Technology Center.

http://www.krqe.com/news/local/unm-e...-business-site

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Hammers at work on residential lofts at 517 Gold

Damon Scott
Reporter-
Albuquerque Business First

The out-of-state developer of an eight-story Downtown former federal office building says work on phase one is progressing.

The completion date of the first phase of what will be residential lofts at 517 Gold Ave. has been extended, however.

“Things are moving along and we’re up to framing and doing plumbing and electric work on the first two floors,” said Anthony Mehran, a New Jersey-based developer and owner of Huffman Koos Furniture.

http://www.bizjournals.com/albuquerq...medium=twitter

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Albuquerque & Sennheiser: The sound of success

European CEO
Wednesday, October 9th, 2013

Much has been said of America’s waning manufacturing prowess of late, with many left wondering if the nation’s former competitiveness will ever return. The July downfall of Detroit only served to underline these fears, illustrating that the US’s production power is not what it once was.

Nonetheless, recent manufacturing figures are beginning to show signs of resurgence, with some analysts going so far as to suggest that the world’s largest economy is gathering market momentum. Manufacturing – it seems – will live again, and as the industry looks a far more favourable bet, many companies are seeking the best business climate for accommodating this upward industry trend.

Aside from the region’s geographical benefits, Albuquerque is awash with generous tax incentives, with each intended to curb operating costs and lower corporate tax rates
Albuquerque – New Mexico’s most populous city with 912,000 residents – is emerging as one such business locale. Best characterised by a highly skilled workforce, low taxes, powerful incentives and an extremely low cost of business, the region looks the perfect destination for the revival of US industry.

http://www.europeanceo.com/finance/2013/10/albuquerque-the-sound-of-success/

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Innovate ABQ will benefit from voter-approved bond

Dan Mayfield
Reporter-
Albuquerque Business First

The plan for the Innovate ABQ business factory is coming together, now that voters approved $2 million worth of funds that will help get the project off the ground.

City voters approved a $10.4 million bond for senior and family centers and community enhancement projects this week, $2 million of which will be used to help create Innovate ABQ, Albuquerque Mayor Richard Berry said.

Both Berry and University of New Mexico President Robert Frank say the new funds will give the project a boost.

http://www.bizjournals.com/albuquerque/news/2013/10/11/innovate-abq-get-2-million-voter-bond.html?ana=twt

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Innovate ABQ could include ‘entrepreneurial dorms’ and more

Dan Mayfield
Reporter-
Albuquerque Business First


The University of New Mexico has crafted some concept images for its business idea factory, Innovate ABQ.

Last week, Albuquerque voters approved a bond measure that would send $2 million of city funds to the project.

“What we want Innovate ABQ to be is a research district that would be a live/work/play environment to be an incubator that would go beyond that, create an entrepreneurial environment for students, professors and retail,” UNM President Bob Frank told Albuquerque Business First. “It would go up instead of sprawl out.”

http://www.bizjournals.com/albuquerque/news/2013/10/15/innovate-abq-entrepreneur-dorms-more.html?ana=e_du_pub&s=article_du&ed=2013-10-15&page=all

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New master plan coming for BioPark

Gary Gerew
Assistant Editor-
Albuquerque Business First

The city is launching the creation of a new master plan to direct the future of the ABQ BioPark over the next 20 years.

The plan will cover all four of the BioPark’s four attractions — the Zoo, Aquarium, Botanic Garden and Tingley Beach. The process will take about nine months.

“The ABQ BioPark is the crown jewel of our state and city,” said Mayor Richard J. Berry. “We want to take the facility forward so that next generations can enjoy the BioPark, and the master plan will help us do this.”
 

http://www.bizjournals.com/albuquerque/blog/morning-edition/2013/10/new-master-plan-coming-for-biopark.html?ana=e_abq_rdup&s=newsletter&ed=2013-10-18

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Found this cool pic. https://scontent-a.xx.fbcdn.net/hphotos-frc3/1380621_586273011435814_311279302_n.jpg

Edited October 18, 2013 by BigTymeABQ

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Approval sought to start Santolina community

Damon Scott
Reporter-
Albuquerque Business First

Public feedback on a proposed 13,700-acre master planned community in southwest Bernalillo County is taking place this month. Land owners Western Albuquerque Land Holdings is requesting approval from the Bernalillo County Planning Department on the first phase of the Santolina Master Plan.

The undeveloped land is generally bounded by Interstate 40 to the north, 118th Street to the east, the Pajarito Mesa to the south and an area adjacent to the Rio Puerco Valley on the west.

While the plan is based on future demand and economic conditions, the master plan outlines a structure for development which includes residential and commercial uses, open space, roads, utilities and more. The plan states that, “Over time, it is anticipated to be developed with approximately 38,000 households and to provide approximately 75,000 jobs.”
 

 

http://www.bizjournals.com/albuquerque/blog/morning-edition/2013/10/approval-sought-to-start-santolina.html?ana=twt&page=all