ALBUQUERQUE, N.M. — Anyone who has lived in Albuquerque for a while knows Laramie Square. It’s that old fashioned strip mall on San Mateo and Candelaria, right across from Peter Piper Pizza. It’s baby blue sign sparks instant recognition from Albuquerque natives.
Well, it now has a new owner. The Allen Sigmon Real Estate group recently bought the 40,666-sqaure-foot mall, and it has big plans for the space.
In 60 to 90 days, according to a news release, construction will begin on a new facade and roofing. Even that baby blue monument sign will get an overhaul. All tenants will get new signs that will be similar in style.
“It just gives a more professional look,” said David Miles, director of marketing. “We want to help these businesses as much as we can.”
Laramie square has 25 tenants and is at 90 percent capacity, according to the release. “Small business is the backbone of our economy,” said Brad Allen, principal at Allen Sigmon. “If our tenants succeed, then our local community will benefit as well.”