ALBUQUERQUE, N.M. — Westway Homes broke ground Thursday on the first phase of a 137 home subdivision at Mesa del Sol.
The homebuilder announced the project last September after acquiring 31 acres from previous owner Hektar LLC for an undisclosed price.
The development area sits about 200 yards southwest of Mesa del Sol’s Aperture Center, where University Boulevard ends.
“We’ll be turning dirt starting Monday,” Westway owner Michael Fietz told the Journal. “We’ll lay down all the utilities and infrastructure — roads, water, sewage, electricity, street lights — in two phases over about two years.”
The first phase will feature two parks, including a “pocket park” smack in the center of the neighborhood and a “linear park” marking the boundary with the second phase of construction.
Westway will offer a variety of homes, ranging from 1,400 to 3,000 square feet and from $200,000 to $500,000, Fietz said. That includes three- and four-bedroom homes in a variety of designs.
One style, called the Residencia series, offers traditional homes with a modern flair, including one- and two-story options. Another series has an ultra-modern design called AlbuqUrban.
The subdivision already has 13 completed lots acquired from the previous owner, for a total of 150 homes when the development is finished.
This is Westway’s second residential project at Mesa del Sol. It acquired three acres just east of the Aperture Center last year from MDS Funding LLC, an investment group that bought 2,800 acres of land at Mesa del Sol in last May.
Westway is building 13 homes there in a second phase of development in that subsection. It already completed a 10-home lot in the first phase.
“We started taking lot reservations for the second phase, and we’ve had an overwhelming response,” Fietz said. “We’ve already sold several of them.”
Westway is currently the only active residential builder at Mesa del Sol, a 12,900-acre master-planned community of commercial and residential properties just south of the Albuquerque International Sunport. Most development there had been frozen for years following the recession.
But activity began gaining force again in 2016, when SC3 International purchased the 78,000-square-foot Aperture Center and began filling up that office building’s three floors with new tenants. SC3 was previously based in Denver but has since moved its headquarters to the Aperture Center.
SC3 CEO Steven B. Chavez is also the principal investor in MDS Funding. And he’s a partner in Gold Mesa Investments, which owns 80 acres of commercially zoned land that it plans to subdivide into six or seven lots for development.
Mesa del Sol already has about 250 previously built homes, plus industrial and commercial tenants like Albuquerque Studios and Fidelity Investments.