Albuquerque
Enterprise Builders Starts Construction on 190,000SF Presbyterian Healthcare HQ
Enterprise Builders Corp. has begun construction on a new 190,000-square-foot office building that will serve as the corporate headquarters for Presbyterian Healthcare Services. The builder expects to complete the three-story complex by the spring of 2014. Expected to generate between 200 and 250 construction jobs, the development is considered to be one of the most ambitious projects in the Duke City due to the lack of new commercial projects in the local real estate market.
SFCC Gets Green Light to Build $10M Higher Education Center
Santa Fe Community College has received approval by the New Mexico Higher Education Department to build a $9.8 million, 31,000 square-foot higher education facility. Construction will start later this spring, according to college officials.
Lovelace Health to Develop $55M Hospital in Las Lunas in 2013
A partnership between Lovelace Health System and Oklahoma-based Miller Architects Inc. has recently announced plans to develop a $55 million hospital in Los Lunas. Construction on the 110,000-square-foot healthcare project is expected to begin in late 2013 with an opening date set for 2015.
Indian Pueblos Marketing Plans to Build Shopping Center on Former Albuquerque Indian School Site
Indian Pueblos Marketing Inc. has recently announced plans to develop a shopping center on the former Albuquerque Indian School, near 12th Street and Indian School Road. Currently negotiating with a natural foods grocery store and two large restaurants to anchor the future retail development, IPM hopes to break ground on an ABQ Uptown-like retail center in 2013.
Rosemont Realty Partakes in Largest Office Acquisition in Albuquerque
Rosemont Realty LLC has recently acquired Pinetree Corporate Center, consisting of five multistory buildings totaling 204,229 square feet of Class B office space in Albuquerque. This marks the largest office real estate acquisition in the Duke City this year, in terms of square footage, reports the New Mexico Business Weekly.
Historic Motel Converted to $5.7M Low-Cost Housing; Downtown Sears Building on the Market
Renovation work on the historic Luna Lodge is almost complete, and residents will be able to move in after Thanksgiving. Built in the 1950s, the Route 66 motel has been converted to low-cost housing, including 14 apartments and a new 16-unit wing added to the north part of the property, according to the New Mexico Business Weekly.
Developers to Start $13.6M Affordable Project Near Albuquerque Downtown
Greater Albuquerque Housing Partnership plans to break ground on a 68-unit affordable housing apartment development located at the gateway to Albuquerque’s Downtown in January 2013. The $13.6 million project, dubbed Plaza Ciudana, is the first phase of a master-planned community planned to include between 250 and 300 units of affordable and market-rate housing, according to the New Mexico Business Weekly.
Dick’s Sporting Goods Opens 45,000-Sq.-Ft. Las Cruces Store
Dick’s Sporting Goods has opened its first Las Cruces store. Located at 200 North Telshor Blvd., the 45,000-square-foot store is located in a remodeled former Sportsman’s Warehouse, reports the New Mexico Business Weekly. This is the second store under Dick’s name in New Mexico. The company’s first store in the state was launched on Albuquerque’s Westside last year.
Construction Begins on $12M Regal Cinema at Winrock Town Center Redevelopment
Construction on the Regal IMAX Cinema at Winrock Town Center has begun after nearly 18 month of delay. The 71,156-square-foot, 16-screen cinema is expected to open in the fall of 2013. According to the New Mexico Business Weekly, the $12 million cinema is the first phase of the major Winrock Town Center’s redevelopment, which broke ground in May with the demolition of the Winrock Inn motel.
Pulte Homes buys 86 developed lots in Stormcloud
Pulte Homes is planning to expand its presence on the Westside of Albuquerque with the purchase of 86 developed lots in Stormcloud. The developer has begun marketing these communities. According to the developer’s website, Pulte recently opened The Boulders and Mesa del Sol communities in Albuquerque, in addition to featuring new homes at Volterra.