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Condo project aims to serve empty nesters

ALBUQUERQUE, N.M. — It’s been a busy year over at Winrock Town Center and it’s about to get busier.

Goodman Realty Group, the developer behind the project, has announced plans on a new apartment building – in addition to a previously announced new office building and ongoing work on the Winrock shopping center.

Developer Scott Goodman said Park West, a new mixed-use high rise condo building, is a part of Goodman’s long-term goal to create an urban-dense area in Uptown.

Goodman said the 30 condo units will be marketed toward empty nesters in the Northeast Heights looking to downsize and move to a more urban area.

 A rendering of the Park West condo building planned at Winrock Town Center. (Courtesy of Goodman Realty Group) 

Condos will have 2½ bedrooms and be around 1,500 square feet.

The condos won’t break ground until the beginning of next year with construction estimated to last until the end of 2022, Goodman said.

The construction costs haven’t been determined yet, but Goodman said the condos are shaping up to be the most costly development at Winrock.

The development won’t come cheap. Goodman estimates that both construction costs and condo costs will be pricy, with condos costing upward of $1 million largely due to the size of the building and the materials used. High-rise structures have to be built with steel, Goodman said.

“It’s really expensive to do high-rise construction,” he said.

U.S. Eagle FCU to open new branch

Construction has started on a new branch location for the U.S. Eagle Federal Credit Union.

The new location, at 1955 Juan Tabo, will be 3,500 square feet and is planned to be opened in January 2021.

When open, it will have two drive-through lanes and a “user bar” to help familiarize members with the bank’s online service.

Now for the endings

The last couple of weeks have seen multiple businesses shut their doors for good, including long-term restaurants like Le Peep in Albuquerque’s Uptown.

The revised public health order prohibiting indoor dining along with several other changes went into effect Monday, July 13, and the change to the order proved to be too much to weather for several businesses.

Bacon Jam: Bacon-themed diner Bacon Jam announced on June 16 it would be closing its Albuquerque location July 31.

“We have tried very hard to keep this location alive but we are unable to do so with this new shutdown,” the restaurant wrote in a Facebook post.

The restaurant’s other location in Edgewood at 150 Hwy 344 Suite J will remain open.

Tractor Brewing: Tractor Brewing quietly closed the doors of its Four Hills location.

The location at 13170 Central SE opened three years ago and was one of the few local breweries in the area.

It was one of four Tractor locations in Albuquerque, with the fifth location based in Los Lunas.

Grinding Gears Coffee Company: Grinding Gears Coffee Company, a small coffee and brunch spot at Mountain and Eighth, announced July 14 it would be closing permanently.

The cafe got its start in 2017 as a mobile coffee truck slinging handmade brews and local pastries before moving into the brick and mortar shop.

Pilar Martinez covers retail for the Albuquerque Journal. You can reach her at pmartinez@abqjournal.com or by phone at 505-823-3887.

 

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