ALBUQUERQUE, N.M. — The Imperial Building apartment complex formally opened Monday with a ceremony attended by government officials and others, adding 74 rental units to the growing mix of housing Downtown.
Community leaders, residents and development partners celebrated the grand opening of the apartment building during a ribbon cutting and open house that brought together hundreds of people to tour the affordable housing project.
The units are a mix of studios, and one- and two-bedroom apartments. They were developed by YES Housing in partnership with the city of Albuquerque, Geltmore LLC, Bernalillo County, New Mexico Mortgage Finance Authority and UnitedHealthcare. The Imperial is part of a larger $19 million complex at 205 Silver Avenue SW that features a grocery store that opened last week, below-grade parking, three floors of multi-family housing and a rooftop garden terrace.
“Today’s celebration is the culmination of many years of hard work and planning,” Chris Baca, CEO of YES Housing said in a statement.