Albuquerque
Work to Begin on $80M Expansion of Presbyterian Rust Medical Center
Expansion works have been scheduled for the Presbyterian Rust Medical Center in Rio Rancho. Construction has started and will materialize into a new patient tower and a cancer center at 2400 Unser Blvd. SE.
NewLife Homes Turns The Sundowner Motel, Former Bill Gates Abode, into Affordable Apt. Community
Famous for its location in the heart of Albuquerque on historic Route 66 and for having served as home to Microsoft founders Bill Gates and Paul Allen in the mid-1970s, the Sundowner Motel is no longer what it used to be; the property was transformed into a residential complex with commercial space for small businesses by NewLife Homes.
Santa Fe Opera’s ‘Setting the Stage’ Campaign Undertakes $35 Million for Renovation and Expansion
Since New York conductor John Crosby founded the company in 1956 and presented to the public its first performance of Puccini’s Madama Butterfly a year later, The Santa Fe Opera has built up its influence becoming one of the world’s most highly regarded summer opera festivals. A major piece of real estate with a splendid fusion of nature through its dramatic adobe theater, it calls home a 200-acre facility with its own waste water treatment plant, features that no other opera company in the world can claim.
Former Beach Waterpark Site Listed for Sale for $12.5M; Uptown Square Venture Closed on $3.6M Refinance for Mixed-Use Property
For 18 years the Beach Waterpark has been a staple of the summer for Albuquerque’s children. Unfortunately, it was shut down in 2005 after it received an “unsatisfactory” rating from the Environmental Health Department; a year later everything on site was auctioned off and ever since the land remained empty.
Nordstrom Rack Enters the Albuquerque Retail Market at Winrock Town Center
By Anca Gagiuc, Associate Editor Well-known Seattle-based Nordstrom Inc. announced its plans to enter the Albuquerque market by opening a Nordstrom Rack at Winrock Town Center in the Uptown corridor. The retail store is scheduled to open in the fall of 2015. “We’ve long heard from customers in New Mexico that they’d love to have a Nordstrom […]
Geltmore’s $20M Mixed-Use Project in Downtown Albuquerque to Receive Tax Credit
Albuquerque-based family-owned real estate firm, Geltmore LLC, has scheduled to start construction by the end of the year on a mixed-use development at 205 Silver Avenue SW, between Second and Third Streets; the project consists of a grocery store of 12,000 square feet and 74 residential units.
Owner of La Posada Purchases Newly Renovated La Castaneda Hotel
Some rescue animals, other choose to rescue pieces of history. One such person is Allan Affeldt, famous for the spectacular renovation of one of the historic Harvey House hotels – La Posada in Arizona; recently he announced the sale closing of historic Castaneda Hotel, another gem built by renowned immigrant Fred Harvey.
Albuquerque Opens Public Comment Period for Apartment Development on Uptown Transit Site
The southeast corner of Albuquerque’s Uptown and American Parkway NE, the location of Uptown Transit Center, is this year in the attention of city officials interested in proposals from private developers for a new construction project. The desired development would be a mixed-use combining apartments, commercial space, and parking.
Developers Launch 71-Unit Public/Private Tax Credit Development Located in Downtown Albuquerque
About a year ago, Romero Rose in partnership with YES Housing Inc., have started constructing a three-building multifamily development at 215 Lead Ave. SW. This public/private partnership development was recently finalized and leasing is booming, already 51 percent occupied.
Affordable Solar Announces Projects for Three Businesses in Albuquerque
Albuquerque-based Affordable Solar provides solar project design, project development, construction, distribution, and solar integrator support since 1998. Ever since, the company has supplied over 15,000 PV systems to various properties in 96 countries.
