Marble Development Chosen to Develop the ‘Entertainment District’ on University of New Mexico Campus
- Apr 23, 2015
The University of New Mexico’s plan to develop an entertainment district near its sports stadiums has officially kicked off. Marble Development has been chosen by the Lobo Development Corp. as the developer of the project located on the southeast corner of University Blvd. and Avenida Caesar Chavez. Negotiations on the ground lease have already begun.
Marble Development was one of the five groups that submitted proposals for the site. “We’ve been working on this project for a long time,” said Lobo Development Chair James H. Koch. “We look forward to working with this company. Hopefully in the next 30 days or so, we will be voting on a contract.”
Marble Development is a partnership between Santa Fe Dining and Marble Brewery. Santa Fe Dining will provide the food and Marble Brewery the craft beer. The initial plans on the project include a restaurant, taproom and coffee shop in a building of approximately 13,000 square feet, 15,000 square feet of covered courtyard areas, and around 30,000 square feet of open area reserved for parking and festival space.
The development will be built on approximately 1.4 acres, and construction might begin in the next few months. Details on the cost of the project cannot be disclosed during the negotiation process.