Work to begin on Santa Fe apartment complex - Albuquerque Journal

Work to begin on Santa Fe apartment complex

Construction will soon begin on a project that will bring nearly 200 new apartments to housing-challenged Santa Fe.

The $34 million Broadstone Rodeo, a 188-unit luxury apartment project, is described as the first Class A multifamily project to be built in the City Different in 20 years.

Rodeo is a joint venture of Albuquerque’s Titan Development and Phoenix-based Alliance Residential.

The companies broke ground on the project, their sixth together, last Wednesday.

The apartments will be built on about eight acres east of the Santa Fe Rail Trail, with units available in fall 2019, company officials say.

“There is tremendous demand for high-quality multifamily in Santa Fe,” Titan President Drew Dolan said in a prepared statement.

The community will have gated entrances, a lounge, entertainment room, patios, covered parking and a resort-style pool and fitness center. The project features a variety of one-, two- and three-bedroom units.

Broadstone Rodeo isn’t the only new Class A apartment complex coming out of the ground. Titan and Alliance are co-developers of Broadstone Northpoint in the north Interstate 25 district of Northeast Albuquerque. The 226-unit project has transformed a long-vacant 10-acre site.

Mutual’s headquarters has rooms with views

Norm Becker in the reception area of New Mexico Mutual’s new headquarters. (Steve Sinovic/Albuquerque Journal)

When New Mexico Mutual broke ground on its new headquarters in October 2016, the company’s leadership had several goals: to build a facility that not only would accommodate its growing book of business, but to also foster sustainability and promote employee health and well-being.

“We overbuilt the building by 25 percent, knowing we’re going to grow into it over time,” Norm Becker, New Mexico Mutual’s CEO and president, said during a recent tour of the newly opened $20 million facility.

Located next to Balloon Fiesta Park, the new headquarters consolidates the operations of New Mexico Mutual with those of Integrion Group, its wholly owned claims-adjusting subsidiary. Previously, the two companies operated out of separate, leased buildings.

“It was time to have our own home office,” Becker said, clearly proud of the company’s new digs.

“We owned the land for about 12 years and a had a couple of false starts (building a new home office), thanks to the recession,” he added.

Helmed by general contractor Bradbury Stamm, the 58,000-square-foot headquarters not only emphasizes contemporary trends but also elevates the work environment for the company’s 160 employees. “The workplace is designed to foster collaboration,” he said of the open concept, which features several jaw-dropping views.

New Mexico Mutual’s new home office emphasizes sustainabilty, support for employee wellness and advanced technological capabilities. (Steve Sinovic/Albuquerque Journal)

The light-filled workplace has few doors and many places to meet. Because employees don’t have to be deskbound during the entire shift, there are indoor and outdoor spaces throughout the building where claims adjusters, analysts, underwriters and medical reviewers can easily plug in their laptop computers for short-term tasks.

“Obviously, there is no prohibition from working off the decks,” Becker said of a company that also promotes employee health. To wit: An onsite fitness center and a walking trail that loops one-third of a mile through landscaped grounds help on the recruitment and retention end, Becker said.

Steve Sinovic is the Journal’s commercial real estate and construction reporter. He can be reached at or by calling 505-823-3919.

Albuquerque Journal and its reporters are committed to telling the stories of our community.

• Do you have a question you want someone to try to answer for you? Do you have a bright spot you want to share?
   We want to hear from you. Please email

Nativo Sponsored Content

taboola desktop


PNM/Avangrid merger under heavy fire at PRC
ABQnews Seeker
Three commissioners oppose deal, but final ... Three commissioners oppose deal, but final decision still pending
Asian shares mixed after broad rally on Wall Street
Most Recent Biz News
Stocks were mixed in Asia on ... Stocks were mixed in Asia on Friday after a broad rally on Wall Street as investors kept an eye on the spread of the ...
What's the status of the COVID-19 vaccine mandate in ...
Most Recent Biz News
What's the status of the COVID-19 ... What's the status of the COVID-19 vaccine mandate in the U.S.? It's on hold indefinitely because of legal challenges, but employers can still require ...
Omicron and delta spell return of unpopular restrictions
Most Recent Biz News
Greeks over 60 who refuse coronavirus ... Greeks over 60 who refuse coronavirus vaccinations could be hit with monthly fines of more than one-quarter of their minimum pensions -- a get-tough ...
Starbucks fights expanding unionization effort at its stores
Most Recent Biz News
Starbucks is fighting an expanded effort ... Starbucks is fighting an expanded effort to unionize its stores, even as a union vote proceeds at three of the coffee-chain's locations in Buffalo, ...
Report: Oil, gas tax revenue hits record $5.3 billion
ABQnews Seeker
Industry's critical contribution to budget noted, ... Industry's critical contribution to budget noted, even as climate-related regulations are imposed
Tesla officially moves headquarters from California to Texas
Around the Region
Tesla says it has officially moved ... Tesla says it has officially moved its corporate headquarters from Silicon Valley to a large factory under construction outside of Austin, Texas. The company ...
BayoTech's first production hub to be located in Albuquerque
Local startup built world's initial compact ... Local startup built world's initial compact hydrogen generator
Stocks slump after murky jobs report as markets swing
Most Recent Biz News
A week of volatile swings on ... A week of volatile swings on Wall Street ended Friday with more losses for stocks, as a mixed batch of U.S. job market data ...