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Feb. 28, 2013

Titan, Alliance to Break Ground on 13-Acre Apartment Community

By Camelia Bulea, Associate Editor

Titan Development is planning to break ground on an upscale apartment community near Cottonwood Mall this summer.  The Albuquerque developer has teamed with Phoenix-based Alliance Residential Co. to build a 254-unit multifamily housing complex on a 13-acre site in West Side Albuquerque.

Dubbed Broadstone Cottonwood, the multifamily project features a mix of one-bedroom, two-bedroom and three-bedroom apartments, with an average size of around 1,100 square feet.

Amenities include a resort-style pool and a large fitness center. Additionally, “a lot of the east-facing units will have some of the best views in the city,” said Titan President Drew Dolan, as quoted by the Albuquerque Journal. “It will be really phenomenal from a view standpoint,” added Dolan.

Titan Development, the owner of the 13-acre site, will act as the co-developer of Broadstone Cottonwood with Alliance Residential. The latter will serve as contractor for the project.

This is not the first multifamily project for the joint venture; in the summer of 2012 Titan and Alliance broke ground on Broadstone Santa Monica, a high-end residential complex of 280 units built near San Antonio Drive and San Pedro Drive in north Albuquerque. This gated community will include 64 townhome units with one and two car, direct- access garages and 216-units of two and three story stacked flat units.

According to KOB.com, the north Albuquerque development has created about 350 construction jobs over circa 18 months, the time estimated to complete the project.

 

Rendering of the Broadstone Santa Monica project, courtesy of Titan Development

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