Officials break ground for 'Nuevo Atrisco' mixed use project - Albuquerque Journal

Officials break ground for ‘Nuevo Atrisco’ mixed use project

Albuquerque and Bernalillo County officials and variety of other community leaders kicked off construction of the 6-acre Nuevo Atrisco multi-use development on the northwest corner of Unser and Central NW. A rendering of the planned development can be seen in the foreground. ADOLPHE PIERRE-LOUIS/JOURNAL

City councilors, county commissioners, the mayor, other community leaders and economic development officials cheered the start of construction Tuesday for what developers are calling a “transformative” multi-use project for the West Side.

The $26 million, 6-acre Nuevo Atrisco public-private partnership development on the northwest corner of Central and Unser will feature more than 30,000 square feet of office, restaurant and retail space, an 86-unit apartment complex and a 20,000 square foot plaza and community event epicenter, officials said in a news release.

City Councilor Ken Sanchez has said the development, which had been planned for more than a decade but put on hold due to the recession, should become a major area activity center once completed.

Albuquerque Mayor Tim Keller has called the development an investment in “affordable housing” but also “about businesses.”

The 80-unit apartment complex is targeted to families and also will feature eight living/working units along Unser, common space, a social service provider office, laundry and elevators, according to project partner Yes Housing Inc. Units are aimed at people with incomes at or below 30% area median income

Also attending the ground breaking Tuesday were representatives from the New Mexico Mortgage Finance Authority, Wells Fargo, Yes Housing, Inc. and Maestas Development Group.

Project completion is expected in 2021.


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 yourstory@abqjournal.com

Nativo Sponsored Content

taboola desktop

MORE ARTICLES LIKE THIS

1
Asia shares mixed as investors weigh omicron economic risks
Most Recent Biz News
Asian shares were mixed Tuesday as ... Asian shares were mixed Tuesday as investors continued to cautiously weigh how much damage the new omicron coronavirus variant may unleash on the global ...
2
NM OKs lower workers comp costs
Business
The Office of Superintendent of Insurance ... The Office of Superintendent of Insurance announced Monday it has approved a 5.5% decrease in loss c ...
3
Cyber Monday caps holiday shopping weekend as virus lingers
Most Recent Biz News
Americans are spending freely and going ... Americans are spending freely and going back to store shopping, knocking out some of the momentum in online sales from last year when Americans ...
4
Twitter CEO steps down, leaves company at a crossroads
Most Recent Biz News
Jack Dorsey is out of his ... Jack Dorsey is out of his post as Twitter's chief executive for the second time in his career -- this time, he says, by ...
5
Rise of the ‘traveler’
Business
If you're a patient at a ... If you're a patient at a New Mexico hospital, the odds are better than usual that your ...
6
Trade woes mean 2022 will be pricier for consumers
Business
Consumers should plan for higher prices ... Consumers should plan for higher prices and budget accordingly
7
RR shop owners expect prime holiday shopping season
Business
RIO RANCHO – While ... RIO RANCHO – While national supply chain issues may impact big-box stores' holiday shopping ...
8
Stocks slip on Wall Street over renewed concerns over ...
Most Recent Biz News
Stocks fell on Wall Street Tuesday ... Stocks fell on Wall Street Tuesday after the head of a major vaccine maker expressed concern about how effective current jabs will be against ...
9
With COVID, ‘normal’ is a relative term
Business
Elderly residents living alone know how ... Elderly residents living alone know how to protect themselves; they keep their doors shut and lock their windows at night