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  #841  
Old Posted May 26, 2021, 7:17 AM
ABQalex ABQalex is offline
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KRQE has a story about the city looking for the public's input on the Rail Trail design.

https://www.krqe.com/news/politics-g...-trail-design/

Video Link


KOAT has an interesting feature that will be a series comparing old photographs of the city with how the areas look today. Tonight it's about the area of 1st and Central and the next video will be about Tingley Beach.

Video Link


Here's a cool picture posted on Instagram yesterday by a balloon ride company showing Downtown Albuquerque with the new hotel building, etc. visible.

https://www.instagram.com/p/CPO3_HwjfIc/

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  #842  
Old Posted May 27, 2021, 2:39 AM
ABQalex ABQalex is offline
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KOB-TV reports that more of the Albuquerque Rapid Transit lanes are getting painted orange/red in order to differentiate them from the regular traffic lanes.

https://www.kob.com/albuquerque-news...eover/6121700/



The new Bernalillo County @ Alvarado Square government headquarters will open in August.

https://www.krqe.com/news/albuquerqu...en-new-center/

Video Link


Here's a pic of the Bernalillo County @ Alvarado Square project taken today and posted on Instagram.


https://www.instagram.com/p/CPWgZkHh2fy/

Chase Bank has opened its first branch in Albuquerque at Towne Park Plaza on Eubank Boulevard NE. The Uptown branch is expected to open next, in the second half of the year. The other three announced branches should all open by the end of the year. A grand opening for the Eubank branch will be held in July.

https://www.bizjournals.com/albuquer...bq-branch.html

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  #843  
Old Posted May 28, 2021, 8:31 PM
ABQalex ABQalex is offline
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Albuquerque in April has again seen over 300 building permits issued for new single family homes. The 340 permits issued last month is the most since 547 were issued way back in June 2007.


https://fred.stlouisfed.org/series/ALBU735BP1FH

KOB-TV has a story about a new subdivision that broke ground yesterday in Belen. Including another subdivision on the north side of town, there are more than 300 new homes currently being built in Belen. That earlier subdivision was the first new homes subdivision in Belen in decades.

https://www.kob.com/new-mexico-news/...belen/6124056/



Belen is also planning a new airport terminal at its Belen Regional Airport. The project will cost between $5 million and $8 million. The Belen City Council last year was presented with two options for the new terminal design. I'm hoping Concept 2 is the chosen design!

http://www.news-bulletin.com/news/be...cb3eea569.html



This is Concept 2 from the same perspective as Concept 1 above, the second pic below is Concept 2 from another angle.





Downtown Albuquerque News this morning in its weekly roundup linked to the city’s recently-issued RFP for a firm to completely redesign the city's bus system, a la Houston, Kansas City, Indianapolis, etc. The redesigns in those other cities all occurred alongside a major transit investment such as a new light rail line (Houston), a new streetcar (Kansas City), or true BRT project (Indianapolis). I had always hoped Albuquerque would do this and it will come after the $140 million Albuquerque Rapid Transit project. I hope our effort here will be as successful as Houston's effort especially. The deadline for submissions is July 6th.

https://downtownalbuquerquenews.com/



A quote of the RFP's introduction:

Quote:
The City of Albuquerque is seeking proposals from qualified Offerors to assist the Transit Department (“ABQ RIDE”) in examining the distribution of its resources to determine if a more optimal distribution is possible. The examination shall be based on both technical analysis as well as assistance in gaining an understanding of the public’s priorities to guide that determination of “optimal” resource distribution.

The successful Offeror shall provide management, oversight and services for ABQ RIDE’s initiative to update its existing fixed route transit system. The successful Offeror will engage local stakeholders, analyze existing fixed-routes, demographics, and origin-destination data, and identify service changes that will allow ABQ RIDE to provide better service to existing and new customers, grow its ridership base, and deliver transit services that are consistent with customer demand. In outreach efforts, analysis and recommendations, the successful Offeror will pay close attention to Title VI and related equity considerations. Critical to this effort will be determining how to allocate resources between locations/times that generate high ridership and locations/times that generate low ridership but may meet important needs. The new service structure developed through this initiative will be optimized to meet the allocation determined to best meet the public’s priorities. The successful Offeror will work closely with ABQ RIDE staff and leadership in developing the new service structure, which will be constrained within the ABQ RIDE’s existing operating budget (i.e. cost-neutral).
In the RFP they also mention that the redesign should take into account the current proposal recently passed by the City Council to make bus ridership free of charge for all people in the city, which might eliminate about ten percent of the current funding available to operate the bus system. However, the City Council in its budget that it recently passed did shift money around to make up for the expected revenue shortfall from making bus ridership free. The mayor has yet to sign the budget.

Quote:
A different issue at the forefront is interest from some members of the public and elected officials in eliminating fares entirely, a potential commitment of additional public resources that would diminish resources available for service provision.
https://downtownalbuquerquenews.us3....a&e=08c25cc31c

Here's a link detailing Houston's highly successful bus system redesign, which is the model other cities have looked to when undertaking similar efforts to redesign their bus systems to better serve riders:

https://kinder.rice.edu/urbanedge/20...oved-ridership

Downtown Albuquerque News this morning also linked to the map the city put out showing the potential Rail Trail full loop connection that it is looking at as an overall long-term vision for the project. It shows where the connections would be made between the existing and planned trails for the full 8 mile loop in the center of the city. The existing Bosque Trail would form the bulk of the western half of the loop and serve to connect the Rail Trail to all the rest of the existing city trails.

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  #844  
Old Posted Jun 1, 2021, 8:09 AM
ABQalex ABQalex is offline
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The Albuquerque Journal has a story about construction in Albuquerque and how builders are trying to adapt to new challenges and also getting ready for the opportunities that may be coming down the road with all the expected expansions and major projects getting underway soon.

https://www.abqjournal.com/2395520/b...on-trends.html

Quote:
Construction is booming in Albuquerque and industry leaders aren’t expecting it to slow anytime soon.

From residential builds continuing to rise on the edges of the city and in surrounding towns to large-scale industrial projects that could spell the beginning of an explosion of companies coming to New Mexico, builders are bracing for another busy year.

But even as demand continues to grow, challenges around costs of labor, supplies and land could influence the speed and types of construction seen in the next year.


The Journal also has a story about the labor shortage in construction, especially the skilled trades, and how local contractors are worried about how those jobs might be filled in the future when all the big construction projects get underway. It also delves into how local schools like CNM are trying to adapt and offer quick and easier ways for people to learn the skilled trades.

https://www.abqjournal.com/2395519/labor.html

Quote:
As the economy reopens and large-scale construction projects across the state ramp up, concern is growing over the lack of skilled tradespeople available to complete those development projects.

“What we think we see is that yes, it’s difficult to hire people right now, but it’s nothing compared to (where) we’re going to be in six to nine months from now,” said JB Henderson Construction Co. president John Stroud.

Currently, he said construction projects in Albuquerque have been operating at a normal level with companies working on the usual mix of projects ranging from government contracts to commercial projects to residential builds – but this is about to change.

He pointed to ongoing projects like the Facebook Data Center in Los Lunas and the Amazon facility on the West Side in addition to forthcoming projects like the expansion of Netflix Studios and Intel’s investment in Rio Rancho as projects that could stretch an already slim labor market even slimmer.

“Everyone that wants a job has the ability to be working right now, but once these projects hit we’re going to be in a severe shortage,” he said.


The Journal also has a story about the entertainment industry bouncing back in New Mexico. Employment in the industry is near to being back to pre-pandemic levels. The end of the story also gets into the Netflix expansion and how it was recently named one of the 20 top economic development deals in North America by Site Selection magazine.

https://www.abqjournal.com/2395317/n...ic-levels.html

Quote:
With nearly a month left in the current fiscal year, the numbers show that the industry has bounded back to near pre-pandemic levels.

“We’re estimating there are 9,000 working in the industry, that’s not including the indirect jobs,” says Alicia J. Keyes, New Mexico Economic Development Department Cabinet Secretary. “We feel like this was one of the economic sectors that bounced back the quickest. We’re seeing a lot of movement for productions to be in New Mexico.”


Here's the article that was posted earlier this month on the Site Selection website naming the Netflix deal to its Top 20 list for North America.

https://siteselection.com/issues/202...-new-world.cfm
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  #845  
Old Posted Jun 1, 2021, 8:30 PM
ABQalex ABQalex is offline
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Albuquerque Business First is reporting that the Osuna Food Park in the North Valley will begin construction within the next 30 days. Steve Maestas of Maestas Development Group says the project at 2nd Street and Osuna Road NW will have a total of six tenants. Five are named and one has yet to be announced but is committed to the project.

https://www.bizjournals.com/albuquer...food-park.html

Quote:
Seeing a void of nearby food options, a local developer is planning a new gathering park in Los Ranchos to bring some new flavors to the area.

Steve Maestas, CEO of Maestas Development Group, told Business First his firm is planning the Osuna Food Park on a vacant parcel of land on 2nd Street and Osuna Road. The food park will blend local food operators such as Little Bear Coffee Co., The Cajun Kitchen, Southwest Dough Co., The Kitchen by 135 and Churro Churro together. The park will also have a playground and the entire design will reflect the North Valley community, he said.

Maestas said there's another tenant that's committed to the food park, but hasn't been announced as of Thursday. But, he said, the sixth tenant is a "well-recognized brand" that will be announced "shortly."

The six tenants will serve a max capacity of 170 people, Maestas said.


Here are some renderings of the project from the developer's website. As the story in Albuquerque Business First says, the food park will consist of permanently parked food trailers and trucks, along with larger structures for covered seating, etc.

https://mdgrealestate.com/projects/osuna-food-park/







In looking for more information about the project I came across this info about the logo design competition for the project. Another of the designs from the winning designer seems to show plans for a similar project as part of the upcoming commercial phase at Nuevo Atrisco. Maestas Development Group has always said the commercial portion of Nuevo Atrisco would include an outdoor plaza and food hall of some kind, so this fits with all that.

https://www.designcrowd.com/logo-design/contest/3910396




https://www.bizjournals.com/albuquer...s-in-2021.html

Also in the Albuquerque Business First story, they mention the Highlands Central Market food hall project by Maestas Development Group and Titan Development at The Highlands. On the Maestas Development Group website they also have renderings of that project posted.

https://mdgrealestate.com/projects/the-highlands/









In the PDF presentation of the project at the link above they have different renderings of the food hall. I like these renderings much more. They are less trendy and more refined and classically urban in feel. I hope the final design for the Highlands Central Market will be more like these renderings!



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  #846  
Old Posted Jun 2, 2021, 12:13 AM
bleuler bleuler is offline
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Thanks! Wondering when maestas will start the rest of the highlands project? I work nearby- gonna be great for local peeps
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  #847  
Old Posted Jun 2, 2021, 2:45 AM
ABQalex ABQalex is offline
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Quote:
Originally Posted by bleuler View Post
Thanks! Wondering when maestas will start the rest of the highlands project? I work nearby- gonna be great for local peeps
Below is the quote from the Osuna Food Park article above which mentions the projects at The Highlands. I was thinking of including the quote in my earlier post but didn't because it really doesn't add a date or updated timeline for the food hall, commercial properties and second apartment project at The Highlands.

Quote:
Maestas Development Group is also developing the Highlands Central Market food hall in a partnership with Titan Development. The food hall is a key piece for the entire Highlands master plan, Josh Rogers, Titan's vice president of development, told Business First in January.

In addition to the food hall, the Highlands master plan includes the 92-unit Highlands North apartment complex, the 228-unit Highlands East mixed-use project, a 280-foot, 100-ton pedestrian sky bridge connecting Presbyterian Hospital and the newly opened SpringHill Suites by Marriott.

Business First reported in January that approval of the Highlands East mixed-use project for a key tax abatement would save the developers more than $3.5 million on the $50 million project.
I too wonder when they are gonna start, but I'm confident it will be soon enough and that they will happen. Both of these developers have several successful development projects under their belts with proven track records. I think it's just a matter of normal delays and the impacts of the pandemic holding things up, for the food hall especially.

As the above quote says, the other apartment project at The Highlands was approved for bond funding and help by the city earlier this year. After that, they said they hoped to begin construction later this year or early next year. Below are pertinent quotes from that article earlier this year after the Highlands East apartment project was approved for help from the city by the Albuquerque Development Commission. It later received final approval from the Albuquerque City Council and Mayor Keller.

https://www.bizjournals.com/albuquer...ommission.html

Quote:
The next phase in the Highlands Master Plan received a key approval from city officials.

The Albuquerque Development Commission on Thursday unanimously approved a seven-year property tax abatement for the Highlands East mixed-use project in East Downtown. The project now goes to the Albuquerque City Council for approval.
...

"It's the anchor project to all of Highlands," said Josh Rogers, vice president of development for Titan Development. "It's going to be an incredible place to walk, to shop, to live, to visit. With the sky bridge connecting over to the hospital, this is kind of the epitome in Albuquerque of live-work-play."
...

Rogers said the plan is to break ground in late 2021 or early 2022 should the developers receive the city council approval for the tax abatement and secure construction financing and loans.
Quote:
One element of the master plan that doesn't have a target date as of Thursday is a 16,000-square-foot food hall that will include 12-15 local restaurants. Rogers said the timeline is at the mercy of the Covid-19 pandemic and the dining restrictions that exist as a result. He added that it is essential for the food hall to come to fruition to allow the neighborhood to flourish.

“We’ll do it when the time is right," Rogers said. "We need the food hall to happen — it’s such a focal point of the development. We absolutely need this to happen. It just provides to many services for our guests, our residents and Presbyterian employees and visitors. We're anxious to get it done, we just need to make sure it opens at the right time."
With this quote in mind, and now that Albuquerque is in the least-restrictive Turquoise level and the state is planning to get rid of all business restrictions by the end of this month, it seems the time will be right to get the food hall and commercial portions of the project going!

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  #848  
Old Posted Jun 2, 2021, 5:01 PM
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southtucsonboy77 southtucsonboy77 is offline
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Hello, I'm a visitor from the Tucson Thread. I have a lot of connections to Albq and visit the city often.

It appears that great things are happening for Albq. My question for you on this Albq Thread is: Are you happy or ok with these 3-7 story massive and sprawled housing structures that are being built and/or proposed around the Albq metro area? These are being built all over the country, but when I visited Albq recently there seemed to be alot more than usual.

Those that post on this Thread share wonderful projects and news...I don't see as much commentary or opinion as the Tucson Thread...so I just wanted to ask that question.
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  #849  
Old Posted Jun 2, 2021, 6:28 PM
bleuler bleuler is offline
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Quote:
Originally Posted by southtucsonboy77 View Post
Hello, I'm a visitor from the Tucson Thread. I have a lot of connections to Albq and visit the city often.

It appears that great things are happening for Albq. My question for you on this Albq Thread is: Are you happy or ok with these 3-7 story massive and sprawled housing structures that are being built and/or proposed around the Albq metro area? These are being built all over the country, but when I visited Albq recently there seemed to be alot more than usual.

Those that post on this Thread share wonderful projects and news...I don't see as much commentary or opinion as the Tucson Thread...so I just wanted to ask that question.

Hello! Yes- lots going on. I do worry about the city growing too quickly or becoming too big- but seems some growth and change is good.

I would prefer high rises downtown- though the large 3-7 story projects you are referring to are good fits for the areas of town in which they are located.

I do think that the higher density developments should vary a bit more, however. Coming from CA there was a sameness to all the new developments
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  #850  
Old Posted Jun 4, 2021, 5:11 AM
ABQalex ABQalex is offline
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Pics of the Luminaria Senior Community apartment construction from the Greater Albuquerque Housing Partnership on Facebook.

https://m.facebook.com/story.php?sto...65309450173284















Pics of the Broadstone Nob Hill apartment construction from Titan Development on their website. I've posted some of the most recent pics from April and May but the link has pics going back since it began construction.

https://www.titan-development.com/un...stone-nob-hill















Another recent pic of the Broadstone Nob Hill project from a poster on Facebook.

https://m.facebook.com/photo.php?fbid=10222466236197157



Below are pics of the Hilton Garden Inn/Homewood Suites hotel project in Downtown Albuquerque. They were posted on Facebook early last month by a contractor and an architecture firm working on the project. The pics are almost a month old, but they give a better look at the project from closer up than the previous pics I've been able to find online.

https://m.facebook.com/story.php?sto...d=199668404252







https://m.facebook.com/story.php?sto...87282278263300







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  #851  
Old Posted Jun 6, 2021, 6:04 AM
ABQalex ABQalex is offline
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MRWM Landscape Architects earlier this week on Facebook posted a rendering and pics showing the new bus shelters that will be installed along Bridge Boulevard in the South Valley. They are a project of Bernalillo County and the South Valley MainStreet association. As the post caption states, they are designed to evoke the parajes or resting places along the Camino Real. The pattern on the metal panels is inspired by the agriculture of the South Valley and also meant to evoke papel picado.

https://m.facebook.com/story.php?sto...03113270137994







A story from KRQE about a new documentary by the Tierra Adentro charter school about how its students have dealt with the pandemic and the restrictions against in-person learning. The school is an arts and performing arts-focused school. The documentary also covers the new school building under construction in the Sawmill Area.

https://www.krqe.com/news/albuquerqu...s-documentary/



A story from KRQE about Electric Playhouse reopening here in Abuquerque and their plans for expansion in the state and perhaps across the country. The co-founder says he would like to expand to Colorado and Texas first, Dallas and Houston are specifically named.

https://www.krqe.com/news/albuquerqu...ate-expansion/

Video Link


A neat video from Electric Playhouse on YouTube showing their interactive and immersive dining experiences that they also offer.

Video Link


KOB-TV has a story about yesterday's ABQ Artwalk, which had a great turnout despite the rain. There were 22 stops on the Artwalk, the most ever.

https://www.kob.com/albuquerque-news...ntown/6131754/

Here's a few pics from posters on Instagram showing last night's Artwalk.


https://www.instagram.com/p/CPvWTl9nR3K/


https://www.instagram.com/p/CPuSH74heGe/


https://www.instagram.com/p/CPuK1Lbr0NK/


https://www.instagram.com/p/CPwXOdMrqrH/


https://www.instagram.com/p/CPuWtSOr5cD/

There was also a watch party last night on the giant screen on Civic Plaza for the New Mexico united match against Real Salt Lake, which they won.


https://m.facebook.com/photo.php?fbid=10223119408565880

The United also commemorated Pride Month at the watch party.


https://www.instagram.com/p/CPuXBWBrMqB/

KRQE this past week had a story about a new television show being filmed in Belen that is set in New Mexico. It's called Behind the Yellow House.

https://www.krqe.com/news/new-mexico...tion-in-belen/



The latest season of The Bachelorette also just finished shooting in the Albuquerque metro at the Hyatt Regency Tamaya Resort and Spa on Santa Ana Pueblo. It will begin airing on Monday on ABC. Prior to the official announcement this past week it had just been rumored in national publications that the show was being filmed here at the posh resort. Below are some of those stories that put lots of focus on the resort and its amenities, which should help attract visitors and guests to the resort and our area. Yet another benefit of the entertainment industry here!

https://pagesix.com/2021/02/24/the-b...in-new-mexico/





https://www.usmagazine.com/entertain...resort-photos/





https://www.the-sun.com/entertainmen...lming-suitors/




Last edited by ABQalex; Jun 6, 2021 at 6:45 AM.
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  #852  
Old Posted Jun 6, 2021, 6:44 AM
ABQalex ABQalex is offline
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Here are the latest Project Chico and Project Nico construction videos on Vimeo. The projects are getting closer and closer to being completed.





A story from the Rio Rancho Observer about a new 152-unit affordable apartment complex for seniors that was approved by the governing body of the city. The complex will be located on U.S. 550 near Paseo del Volcan.

https://rrobserver.com/city-approves...-only-complex/



In the above article they also mention that an adjacent apartment complex that was approved last year is under construction. The 240-unit 550 Paseo Apartments is also an affordable apartment complex but has no age restriction.

https://www.abqjournal.com/1468052/a...x-planned.html



The Greater Albuquerque Housing Partnership on its Facebook page yesterday revealed plans for an 80-unit affordable apartment project for seniors on Cibola Loop NW near Cottonwood Mall.

https://m.facebook.com/events/536962190808396

The project will go on a plot of land that the city originally tried to develop with affordable SFH for seniors but got no submittals to its RFP. The city owns most of the adjacent land, which it plans to build out with a library, multi-generational community center and pool.

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  #853  
Old Posted Jun 6, 2021, 5:05 PM
bleuler bleuler is offline
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If you haven’t been to the art walk- do so- it’s great! Plan ahead for parking however
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  #854  
Old Posted Jun 8, 2021, 3:56 AM
ABQalex ABQalex is offline
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Originally Posted by bleuler View Post
If you haven’t been to the art walk- do so- it’s great! Plan ahead for parking however
Yes, it's great! I live right at the edge of Downtown proper and the Raynolds Addition, so I just walk over, lol. The Artwalk has also been pushing more and more into Barelas where my mom lives and where I used to live. She walked over to see my uncle playing with his mariachi band at the Ruppe drugstore early that evening. Artwalk really is awesome!


https://www.instagram.com/p/CPvwDfDr3ma/

The intersection of 4th and Hazeldine in Barelas where the Ruppe is located is also the site of a new street mural called "Sunset Mix" that was painted about a month ago. My mom's house is just a block away from this street mural.

https://www.abqjournal.com/2387501/t...he-street.html




https://www.instagram.com/p/COTsBR_lu5T/


https://www.instagram.com/p/COTsBR_lu5T/
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  #855  
Old Posted Jun 8, 2021, 9:54 PM
bleuler bleuler is offline
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That's amazing! def need more of this!!
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  #856  
Old Posted Jun 12, 2021, 6:37 PM
ABQalex ABQalex is offline
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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

Quote:
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.”
Quote:
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.


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

Quote:
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.


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

Quote:
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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  #857  
Old Posted Jun 12, 2021, 6:49 PM
ABQalex ABQalex is offline
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The Albuquerque real estate market continued setting new records last month. The Greater Albuquerque Association of Realtors' report for May shows a 26% year-over-year increase in the median sales price for a home, to $290,000. Inventory also continues to be at historic low levels.

https://www.bizjournals.com/albuquer...erque-low.html

Quote:
A year ago, Albuquerque's single-family housing inventory had tightened to historic levels. According to May 2021 data in the latest Greater Albuquerque Association of Realtors report, the market's inventory has eclipsed that mark.

While inventory increased by nine listings between April and May, the 691 homes across the metro area represented a decrease of 62.6% when compared to the previous year. For comparison, Albuquerque's inventory approached the 4,000 mark in May of 2016.
Quote:
Meanwhile, indicators that reflect the cost of homebuyers to get into the market continue to climb.

The median sales price for a single-family home increased 26.1% — to $290,000.00 — in May 2021 when compared to the previous year. And the percent of list price received exceeded 100% for the second straight month. The mark of 101.5% in May represents a 2.63% increase over the previous year.


Albuquerque Business First is reporting that leasing has begun for the Broadstone Nob Hill Apartments.

https://www.bizjournals.com/albuquer...-nob-hill.html

Quote:
Nob Hill's newest apartment complex is inching closer to being ready for residents to move in.

Titan Development confirmed to Business First that the pre-leasing process is underway for the 102-unit Broadstone Nob Hill. The apartments are located on Central Avenue between Montclaire Drive NE and Sierra Drive NE at 4101 Central Ave. NE.

Titan said construction is about 70% complete as of Wednesday. It expects the construction of the project to be completed in full by the third quarter of this year.

Broadstone Nob Hill is four-stories and encompass es 125,772 square feet. The move-in process will begin when the first floor is fully built-out, but an exact date is unknown as of Wednesday, Titan said.


Below is the most recent pic I can find of the Broadstone Nob Hill project, taken about a week ago by a poster on Facebook.

https://www.facebook.com/photo.php?f...22499424466843



Albuquerque Business First also reports that building permit applications have been submitted for the San Roque and La Serena affordable apartment projects on Coors Boulevard just north of Bluewater Road NW.

https://www.bizjournals.com/albuquer...developer.html

Quote:
Building permit applications filed with the city of Albuquerque show two new apartment complexes are planned for the Westside.

Separate building applications for a new 78-unit project at 441 Coors Blvd. NW and a new 137-unit project at 457 Coors Blvd. NW were filed Thursday. The two will encompass 86,734 and 194,903 square feet, respectively. Each has similar work descriptions of a main building which will house the majority of the units, but will include separate "garage loft" buildings for the remaining units.


The Luminaria Senior Community apartments have posted construction progress pics on their Facebook page. The framing construction is now up to the third floor.

https://www.facebook.com/story.php?s...10802873985673













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  #858  
Old Posted Jun 16, 2021, 4:11 AM
ABQalex ABQalex is offline
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Join Date: Dec 2019
Location: Albuquerque, NM
Posts: 568
The city is looking to build a pedestrian and bike bridge over the railroad tracks, connecting the Rail Yards with the South Broadway Area. The city is under a time crunch to get the proposal passed by the end of the month in order to qualify for a federal grant. But of course it is running into neighborhood opposition and the typical cries of 'we didn't know this was happening' despite the inclusion of a pedestrian overpass in the Rail Yards master plan passed a decade ago. This neighborhood opposition seems sure to doom the city's ability to get the federal funding to build the bridge, but we shall see what happens.

https://www.krqe.com/news/politics-g...-neighborhood/

Video Link






The Albuquerque Development Commission is set to vote on the final, renegotiated Springer Square Sky Link development agreement at this month's meeting on Thursday. The new agreement has removed the parking arrangement completely and apparently that will be left up to the city’s Parking Division to negotiate. The rest of the agreement and timelines seem to have been left intact, including for the future 140 unit equivalents to be built on Tract A and Tract B within 5 years.

https://www.cabq.gov/mra/documents/c...-agreement.pdf



The ADC this week will also be voting on the final agreement for the commercial portion of Nuevo Atrisco. The new agreement calls for 10,000 sq ft of commercial space in two buildings with 1,200 sq ft of patio space each, a food park with 7 or 8 permanent food trailers, and a 17,000 sq ft public plaza with a fully encloseable 3,200 sq ft pavilion for holiday markets, etc.

https://www.cabq.gov/mra/documents/c...-agreement.pdf



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  #859  
Old Posted Jun 19, 2021, 5:05 AM
ABQalex ABQalex is offline
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Location: Albuquerque, NM
Posts: 568
The city last week approved spending $11 million to purchase and renovate the county's portion of the Government Center building. Half will go toward purchasing the county's share of space in the building and half will go toward renovating the space.

https://www.krqe.com/news/politics-g...-office-space/

I'm hoping the city will take this opportunity to renovate the outside of the building as well. At least give it a new paint job and good scrubbing. The water stains on the overhangs of the sawtooth portion of the building look horrible and the water stains/corrosion on the glass pavilion across the front of the building look horrible as well.





One big mistake that I think the city made is not purchasing the old county courthouse as well. The county is going to sell it to the Garcia Family. The city will now be beholden to a private entity whenever it may decide to do something with Civic Plaza or want to build a new city hall structure. The county sold the building for peanuts ($647,500) to the Garcias. There's no reason the city couldn't have purchased it and demolished it quickly to avoid the maintenance and upkeep cost. It's yet another way our leaders are myopic and end up costing us more in the long run.

https://www.abqjournal.com/2395591/c...buildings.html



One good thing the city is doing is lighting up Government Center, often with special colors to commemorate events. I only wish they would light up the entire facade of the building that has the setbacks.


https://m.facebook.com/photo.php?fbid=10222996711858539


https://www.twitter.com/i/web/status...55522240729089

The county has chosen a design by artist Gail Christofferson for a mural/mosaic that will be placed in the lobby of the new chambers structure at Alvarado Square. The artwork won't be completed until later this year or early next year. The artist is planning community outreach and public involvement to help her assemble and install the glass pieces that will form the artwork.

https://www.krqe.com/news/politics-g...sion-chambers/

Video Link


The county has also chosen a winning design for a mural at the Tiny Homes Village. They selected a design by the artist Jodie Herrera, who also is in the middle of painting a mural at 505 Central.

https://www.krqe.com/news/politics-g...-home-village/

Video Link




Here are pics from the last couple of weeks at 505 Central showing the panels that were installed on the building for the mural and the artist beginning work on the project.


https://www.instagram.com/p/CPhQ3ColJaP/


https://www.instagram.com/p/CP3Puo4rjXs/

And here's a pic posted today by Downtown Albuquerque News showing the progress on the artist's mural at 505 Central.


https://downtownalbuquerquenews.com/

Around the corner, on the alley side of 505 Central, is the Albuquerque Sticker Wall. It's a project of the building's owner and developer, Mark Baker. It has succeeded in attracting people downtown and to the 505 Central Food Hall since it debuted in late February.

https://www.instagram.com/abqstickerwall/


https://www.instagram.com/p/CLukmLiHzfU/


https://www.instagram.com/p/CMniWOSlXxE/


https://www.instagram.com/p/CPjiXiiJUjN/
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  #860  
Old Posted Jun 19, 2021, 7:04 PM
ABQalex ABQalex is offline
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KOB-TV had a report this past week about Netflix going before the DRB to begin the process for approvals of its studio expansion with the city.

https://www.kob.com/albuquerque-news...erque/6142788/



Another report from this past week on KOB-TV talked about New Mexico's improving economy and economic outlook. It talks about the expansions by Intel and Netflix and the booming film and television industry across the state.

https://www.kob.com/albuquerque-news...prove/6141386/



The Albuquerque Journal this past week also had a story about New Mexico possibly surpassing North Dakota this year to become the second-largest oil-producing state in the country, behind only Texas. New Mexico's oil production has been booming the past few years and it is currently the third-largest oil-producing state.

https://www.abqjournal.com/2400181/r...l-ranking.html



The state is also moving up the ranks of renewable energy production, with huge solar and wind energy projects underway across the state. A huge $430 million solar array will be built just west of Albuquerque after the Bernalillo County Commission passed IRBs for the project at its meeting this past week.

https://www.krqe.com/news/business/s...ues-west-side/



KOB-TV has a story about the mixed-use development underway at Unser and McMahon on the Westside. Another location of Two Boys Donuts is revealed as one of the tenants for the commercial space.

https://www.kob.com/albuquerque-news...-side/6142615/



Here are a few aerial pics on Instagram showing the earthwork for the project.






https://www.instagram.com/p/CQNDX2CLJdK/

Here's a pic from Pavilion Construction on Facebook this past week showing the earthwork for the Overture Andalucia luxury 55+ apartment project on the Westside.


https://www.facebook.com/pavilioncon...3704332684415/

Albuquerque Business First is reporting that the Albuquerque Development Commission approved the final development agreement for the commercial portion of Nuevo Atrisco at its meeting on Thursday. It will now go to the City Council for final approval. No word yet on what happened with the Springer Square Sky Link agreement.

https://www.bizjournals.com/albuquer...-approval.html



KRQE's report about the Nuevo Atrisco commercial project on YouTube.

Video Link


Another new chain of coffee shops will be coming to Albuquerque. Albuquerque Business First reported this past week that Ziggi's Coffee will open its first location next week, and that at least two more locations are planned.

https://www.bizjournals.com/albuquer...re-in-abq.html

Quote:
A local Ziggi's Coffee franchisee hopes to make an initial splash when it brews up for the first time in Albuquerque next Tuesday.

Sergio Bermudez has plans for three initial locations of the Longmont, Colorado coffee chain: 6000 Montgomery Blvd., 5200 Menaul Blvd. NE and a future location to be determined. But the first location at 6000 Montgomery Blvd. NE — which features a patio, indoor cafe and a drive-thru — will provide Bermudez and Ziggi's with a barometer of success in Albuquerque.

As an example of what he hopes to deliver, Bermudez brought up in an interview with Business First on Tuesday the recent arrival of Oregon-based Dutch Bros. Coffee and the buzz it has created. Dutch Bros. has plans for its third Albuquerque location north of Cottonwood Mall, which is its sixth known location in the Land of Enchantment, Business First reported in February.


Albuquerque Business First this past week also reported that the local Italian restaurant chain M'tucci's will open a fourth location by the end of the year in Nob Hill at the former Kelly's Brew Pub location in the historic Jones Motor Company building.

https://www.bizjournals.com/albuquer...estaurant.html

Quote:
Come December, M'tucci's Restaurants hopes it's serving customers for the first time in Nob Hill.

John Haas, managing partner of M'tucci's, confirmed to Business First on Wednesday that M'tucci's Bar Roma will occupy the former Kelly's Brew Pub at 3222 Central Ave. SE.

This will be M'tucci's fourth restaurant, joining M'tucci's Italian on the Westside, M'tucci's Moderno in Rio Rancho and M'tucci's Twenty-Five, which opened in early 2020 on Albuquerque's "restaurant row" off Interstate 25.

M'tucci's Bar Roma will differ a bit from the first three. It will place more emphasis on its beverage and bar options and offer two charcuterie stations — one in the dining room and one on the patio. The name is a nod to the ambience, which Haas describes as how a customer would experience dining in Rome.


Downtown Albuquerque News this past week had before and after pics showing the construction of the Tierra de Adentro charter school building in the Sawmill Area.

https://downtownalbuquerquenews.com/





Below are two posts and pics by a poster on Instagram showing the construction of Presbyterian Hospital's new parking garage and expansion. The first pic shows the final beam arriving for the parking structure's construction. In the second pic it looks like construction is beginning on the fifth floor of the new hospital tower. There's also a short video in the second post showing even more of the tower's construction.


https://www.instagram.com/p/CQMK48-jgpF/


https://www.instagram.com/p/CQQs7KHhpcz/

Below are the latest video updates on Vimeo of Amazon's Project Chico and Project Nico. The Project Nico video includes a look at the interior of the structure.



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