Work on Downtown entertainment district to begin this fall - Albuquerque Journal

Work on Downtown entertainment district to begin this fall

212250
A rendering shows the proposed mixed-use project expected to bring a bowling alley, residential units and a parking garage to the corner of 1st and Central. (Courtesy of city of Albuquerque)

Better brush up on your bowling: the new Downtown entertainment district moved another step closer to reality with the city inking a contract with the project’s developer.

City officials said on Thursday they had signed a contract with One Central Operating Associates LLC and that the nearly $40 million construction project should break ground this fall at First and Central.

The contract remains subject to a 120-day contingency period as both parties finalize individual obligations.

The plan calls for a mixed-use development, including at least 39,000 square feet of commercial space with an entertainment tenant — so far described as an upscale bowling alley — at least two other retail or restaurant tenants, 60 residential units and a 429-space parking garage, according to city spokeswoman Rhiannon Samuel.

Speaking to a hospitality industry audience at the Visit Albuquerque annual meeting on Thursday, Albuquerque’s Chief Administrative Officer Rob Perry said it will fill a void in the area.

“One of the problems with Downtown is there’s probably not enough to do, shopping and the like, and we think this will continue to catalyze that,” he said.

The district represents a public-private partnership. The city will kick in about $17.5 million and operate the parking garage. The developer will operate the rest and is responsible for $19.8 million in funding, Samuel said.

The garage should open by fall of 2017, at which time the other structure should be up and ready for the buildout of individual tenant spaces, Samuel said.

A representative of One Central did not return Journal messages Thursday afternoon.

Home » Business » Most Recent Biz News » Work on Downtown entertainment district to begin this fall


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

taboola desktop

1
Roe v. Wade reversal could have ripple effect on ...
ABQnews Seeker
Providers worry an influx of out-of-state ... Providers worry an influx of out-of-state patients could strain state's system
2
Bernalillo County sheriff's deputies to get $5,000 incentive
ABQnews Seeker
New contract also slightly increases pay ... New contract also slightly increases pay for degrees
3
Leak detection companies investigate Chama water leak
ABQnews Seeker
Two leak detection companies arrived in ... Two leak detection companies arrived in the northern New Mexico village of Chama this week to assess a water system failure which has left ...
4
Governor appoints former state senator from Jal as new ...
ABQnews Seeker
Gregg Fulfer's background includes oil and ... Gregg Fulfer's background includes oil and ranching
5
City makes plans for $49.1 million in pandemic relief
ABQnews Seeker
Most will support facilities and services ... Most will support facilities and services for homeless people
6
Man fatally shot days after completing custom bicycle for ...
ABQnews Seeker
Bike was stolen; local shop offers ... Bike was stolen; local shop offers reward for its return
7
Keller: City 'holding the line during difficult times'
ABQnews Seeker
Mayor cites Rail Yards redevelopment, planned ... Mayor cites Rail Yards redevelopment, planned Rail Trail as part of plan to improve Downtown
8
APD: Man fatally shot in Southeast Albuquerque
ABQnews Seeker
Officers responded to call near Grove ... Officers responded to call near Grove and Trumbull SE
9
United offense struggles in front of season-best crowd
ABQnews Seeker
Afternoon rain didn't put much of ... Afternoon rain didn't put much of a damper on New Mexico United fans Saturday night. The visiting team was a different story. Visiting Birmingham ...