ALBUQUERQUE, N.M. — An 80-year-old Downtown building that once housed Lovelace and Sears will soon be actual housing — plus offices, a coffee shop and restaurants.
Albuquerque architect Mark Baker has begun a mixed-use redevelopment of the property at the northwest corner of Fifth and Central. The project, dubbed “505 Central,” will include 34 loft apartments and commercial space for his architecture firm, a second location of his cafe, Humble Coffee Company, and other tenants that should include two restaurants.
Work has begun on the 58,000-square-foot project, Baker’s first Downtown development. It should open by July.
Baker declined to provide the cost of the development, which was designed by Baker A+D, financed by Washington Federal and will be built by Insight Construction.
“We’re excited to bring this beautiful building back to life and to contribute to the momentum that already exists in the revitalization of Downtown,” Baker said in a written statement.
Baker, whose firm is based on Lomas Boulevard near Washington, cited the city’s forthcoming Albuquerque Rapid Transit bus service as one of the reasons he decided to invest in Downtown. He bought the building last fall for $1.45 million.