ALBUQUERQUE, N.M. — The $16.3 million Casitas de Colores apartment complex formally opened Monday with a ceremony attended by government officials and others, adding 71 rental units to the growing mix of housing Downtown.
Promoted as a “family-focused community,” Casitas de Colores was developed through a partnership between Romero Rose, an Albuquerque-based real-estate development and management company, and the nonprofit YES Housing Inc.
“Casitas de Colores is a great public/private partnership,” said Mayor Richard Berry in an email to the Journal. “It is a great addition to our efforts to continue to bolster a burgeoning downtown neighborhood with tremendous access to transportation, employers and Albuquerque’s growing innovation district.”
Berry was unable to attend Monday’s ceremony.
Consisting of three, three-story buildings, the project’s family focus stems from the larger-sized apartments — 32 two-bedroom and 20-three bedroom units — in a mix that includes four studio and 15 one-bedroom units. The 1.2-acre site is bounded by 2nd and 3rd streets and Lead and Silver avenues.