Nob Hill apartment project approved for city bonds
By Ron Davis
Reporter,
Albuquerque Business First
More than $20 million of metropolitan redevelopment bonds will be used for a new apartment complex in Nob Hill.
On Monday, the Albuquerque City Council voted to approve $21.5 million in metropolitan redevelopment bonds for a four-story, 125,772-square-foot development that will feature 102 housing units and other amenities. The project, dubbed Broadstone Nob Hill, is set to be located on Central Avenue between Montclaire Drive NE and Sierra Drive NE.
The project will be developed by Albuquerque-based Titan Development and Phoenix-based Alliance Residential Co. The two companies make up Broadstone Nob Hill LLC. Titan will oversee the design and construction of the project. Upon completion, Alliance will manage the property, according to city council agenda documents.
Amenities include a leasing center, clubhouse, fitness center, a pool and a proposed four-story, 30-foot-wide mural planned for the east facade of the main building.