Delivery alert

There may be an issue with the delivery of your newspaper. This alert will expire at NaN. Click here for more info.

Recover password

City of Santa Fe selling off properties, including one valued at $4 million

Copyright © 2021 Albuquerque Journal

Warehouse 21, a former arts center for teens that closed in 2019, is one of the buildings the city of Santa Fe is planning to sell. (Eddie Moore/ Albuquerque Journal)

The city of Santa Fe has begun the process of selling various pieces of city-owned properties – one with an appraised value of $4 million – according to a release issued by the city Thursday.

Elizabeth Camacho of the city's Office of Economic Development told the Journal the city plans on selling the properties with the intention of developing them into new job and housing opportunities for Santa Feans.

The properties include the old Boys and Girls' Club on Alto Street, part of the city-owned space at 500 Market Street in the Railyard District, the Warehouse 21 teens art center that closed in 2019 and 228 acres of undeveloped land of the Las Estrellas at Santa Fe Estates valued at $4 million.

“We're thinking about how to forge a future for Santa Fe, particularly our young people, and create a future for them here,” Camacho told the Journal.

Las Estrellas, located in the city's Northwest Quadrant near the Thornburg Investment campus, has long been held up as a prime opportunity to develop housing in Santa Fe, where there's a severe housing shortage. However, the property has been noted as a difficult place to develop because of its hilly terrain.

City officials said in a news release that selling government-owned property would “raise revenues for city coffers,” a vital need given the city's financial woes in the wake of the COVID-19 pandemic.

Camacho said the reasons behind the property sales were “multi-faceted,” but Economic Development Director Rich Brown had told the Santa Fe New Mexican in April the city was considering selling the same properties due to what was then a $46 million budget shortfall.

A meeting between city officials and interested developers will be held Feb. 18 to discuss the Las Estrellas property. Members of the public interested in viewing the meeting can register at www.sfpublicassets.org.


Albuquerque Journal seeks stories of our community's pandemic loss

If you’ve lost a loved one to COVID-19 and would like for the person to be included in an online memorial the Journal plans to publish, please email a high-resolution photo and a sentence about the person to Please email yourstory@abqjournal.com
Please include your contact information so we can verify, and your loved one’s name, age, community where they lived and something you want our readers to know about them.

TOP |