The Netflix deal has once again been recognized by a national economic development publication. Area Development has named it as one of five non-manufacturing projects across the country to receive its Gold & Silver Shovel Award for Projects of the Year.
https://www.abqjournal.com/2399008/a...ity-state.html
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Netflix is once again shining a bright light on New Mexico and the city of Albuquerque.
On Friday, the state, city and Netflix were recognized by Area Development with its Gold & Silver Shovel Award. Area Development is a leading publication covering site selection and facility planning.
Five projects, including New Mexico’s Netflix project, were recognized by the publication as “Non-Manufacturing Projects of the Year.”
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Netflix, a New Mexico Film Partner, purchased Albuquerque Studios in 2018 and announced a significant expansion in November 2020.
The 300-acre expansion will create an estimated 1,000 production jobs, and an additional $1 billion in production spending.
The project includes 10 new stages, post-production services, production offices, mills, backlots, training facilities, wardrobe suites, and a commissary to support meals and craft services.
The project is expected to create 1,467 construction jobs and will generate a 10-year statewide economic impact of over $4 billion.
The deal makes Albuquerque’s Netflix site the biggest North American production hub.
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Here's the award write-up about the Netflix deal on Area Development's website.
https://www.areadevelopment.com/Gold...w-mexico.shtml
The Netflix expansion is officially beginning the process for approvals with the city. It will go before the Development Review Board next week with a sketch plat and request for vacation of public right of ways in order to consolidate its newly-acquired land into its existing campus. Below are graphics from its DRB submittals, including the initial site plan showing how the expanded studio campus may develop.
https://www.cabq.gov/planning/boards...genda-archives
Albuquerque Business First is reporting that Max Q at Kirtland Air Force Base will break ground in August on its initial two buildings.
https://www.bizjournals.com/albuquer...nd-august.html
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The highly anticipated Max Q project is expected to break ground later this summer.
"We have two facilities under design right now and ground breaking on both of them in August," said Kevin Yearout, the managing partner of Thunderbird Kirtland Development LLC, which is spearheading the Max Q project
Yearout declined to name the initial tenants, but added that the two are in the defense industry and support missions at Kirtland Air Force Base. He anticipates both of those initial buildings to be delivered to tenants by the third quarter of 2022.
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Albuquerque Business First also has a story about Goodman Realty's plans for a new industrial park with 400,000 sq ft of space on the Westside.
https://www.bizjournals.com/albuquer...ness-park.html
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Citing record-low industrial vacancy rates in the Albuquerque metro area, local development company Goodman Realty Group has plans to add nearly 400,000 square feet to the Westside next year.
Goodman Realty Vice President Scott Goodman confirmed to Business First that his firm plans to break ground on the 118th Industrial Park next January. The development will encompass three speculation buildings with no tenants currently signed. The park will be built on 22 acres of land south of Central Avenue and north of Sunset Gardens Road, near the Albuquerque Fire Academy on the Westside.
Goodman said the project is a nearly $40 million venture and expects the buildings to be delivered next June.
"A lot of prospective tenants leave because there's no space," Goodman said of the reason to build the 118th Industrial Park, which he estimates can bring about 400 jobs to the area.
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