Multifamily news in Development - Albuquerque
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Albuquerque Hotel Set for Multifamily Conversion
The owner of the former Wyndham Albuquerque Hotel and Conference Center will complete the first phase of the 130-unit project by the end of the year.
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Community for Homeless Proposed in Albuquerque
A local business alliance plans to construct a campus-style property west of the city with space for approximately 170 people.
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Albuquerque Housing for Homeless Opens Doors
The developer broke ground on the new 52-unit building at the city’s largest shelter for homeless people, Joy Junction, in May 2017.
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NM Development Lands Tax Relief
The Albuquerque City Council approved the metropolitan redevelopment bond to support construction of the 226-unit Broadstone Northpoint Apartments, which broke ground in early 2017.
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Titan Development Proposes ABQ Community
The company’s plans call for the addition of 102 market-rate apartments, adding to the Midtown/University submarket’s existing supply of 3,700 units.
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YES Housing Launches Affordable Development in ABQ
Plans for the mixed-use project—anticipated to open in 2020—call for 88 apartments and between 80,000 and 90,000 square feet of retail.
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Another Affordable Property Opens in ABQ
Sterling Downtown is the first WELL-registered multifamily property in the Southwest. The property was designed to achieve LEED Platinum certification.
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Affordable Albuquerque Community Opens Doors
The Village at Avalon, containing 240 units, broke ground in early 2016. GSL Properties utilized nearly $20 million in revenue bonds to finance construction.
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Albuquerque Project Targets Homeless Crisis
Scheduled for completion by fall 2017, the 52-unit expansion sponsored by the Joy Junction ministry will increase capacity at the largest facility of its kind in New Mexico.
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Senior Community Awarded $500,000 AHP Grant
The rehabilitation of Pasa Tiempo community will begin in May 2017 and will be finalized in early 2019.
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Duke City Welcomes $19M Affordable Community
The Imperial Building is downtown Albuquerque's first major mixed-use development since the recession.
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CPP Begins Renovation on 205 Affordable New Mexico Homes
The company teamed up with Western States Housing and the U.S. Dept. of Agriculture to renovate six affordable housing communities in New Mexico.
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Homeless Housing Breaks Ground in Albuquerque’s Rescue Mission
Two Affordable Housing Program (AHP) grants totaling $786,000 were awarded in 2015 to the Albuquerque Rescue Mission by New Mexico Bank & Trust and FHLB Dallas.
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Santolina Master Plan Passes another Milestone
The Santolina master plan process has consisted of twelve public hearings, two workshops and multiple open houses and meetings since its conception. After 22 months, this new west side development is getting closer to receiving full approval from Bernalillo County commissioners.
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College of Osteopathic Medicine at NMSU Breaks Ground in Las Cruces
Las Cruces recently hosted an event that brought together Governor Susana Martinez, three mayors, the executive chairman, and the presidents of the American Osteopathic Association and New Mexico State University. The attendees celebrated the groundbreaking of the new osteopathic college at NMSU, calling it “pouring the foundation for the future”.