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Posted Feb 5, 2025, 9:07 PM
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Registered User
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Join Date: Dec 2019
Location: Albuquerque, NM
Posts: 1,562
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Albuquerque Business First had a story last week about a new 60-unit affordable housing project for seniors planned in Los Lunas just south of the Los Lunas Transportation Center and Rail Runner station. This is in addition to the project with 168 units planned for land east of the transportation center. I haven't seen any updates about that project, but hopefully it's still in the works. If it is, that would be 228 units of housing planned at the Los Lunas Rail Runner station!
The story says that the $14.5 million project by Spire Development of Columbus, Ohio is expected to begin construction in early 2027 if it wins certain tax credits from Housing New Mexico, the agency charged with evaluating and awarding affordable housing grants and tax credits in New Mexico. The agency was formerly known as the New Mexico Mortgage Finance Authority but changed its name last year.
https://www.bizjournals.com/albuquerque/...cures-funding-for-los-lunas-project.html
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An Ohio-based developer recently secured funding from the Village of Los Lunas for a $14.5 million housing project.
After gaining proper zoning in a Dec. 19 meeting, Spire Development secured $550,000 from the Village of Los Lunas in a Jan. 16 Council meeting for an affordable senior housing complex at 880 Juan Perea Road SE.
“The Village of Los Lunas is proud to commit $550,000 in support of the Plaza Luna Lofts project, ensuring our seniors have access to safe, affordable housing and reflecting our ongoing dedication to meeting the community’s needs,” Victoria Archuleta, Village of Los Lunas senior economic developer, said in an email statement.
This funding will go towards paying gross receipts taxes, impact fees and payment for water rights, he said.
The project is also supported by grants from Valencia County, according to Ryan Laber, Spire Development’s vice president of development.
Spire Development is seeking more funding for the project from state and federal grant programs, Archuleta said.
And its village funding is contingent upon receiving a low-income housing tax credit (LIHTC) from the Mortgage Finance Authority in the 2025 or 2026 competitive rounds, according to a Village of Los Lunas administrative document.
LIHTCs provide “direct federal income tax savings to individuals or corporations that invest funds in rental housing developments with apartments set aside for low-income households,” according to the MFA’s website.
Spire Development is also seeking other sources of funding through the MFA. It’s expected they will hear from the MFA regarding its funding requests in April or May, a Village of Los Lunas document shows.
Construction on the project is expected to start no sooner than early 2026, although the project is more likely to start construction in early 2027, Laber said.
Jeebs & Zuzu will be the architect for the project, and a general contractor will be selected once all necessary funding is secured. Spire Development plans to hire a local general contractor and has held preliminary conversations with local general contractors, Laber said.
Its expected construction of the 60-unit, entirely age 55-and-up affordable housing complex would take about 15 months, Laber said. It will have 48 one-bedroom units and 12 two-bedroom units, a Village of Los Lunas document shows.
Amenities are expected to include a community room with an adjoining kitchen area, a covered outdoor community space, fitness center, on-site leasing office, sustainable and energy-efficient design and weekly on-site programming, Laber said.
The average rent for a one-bedroom unit Spire Development is underwriting in the deal is $775 per month, not including utilities, and $900 per month for a two-bedroom unit, according to a Village of Los Lunas document.
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This is a master plan visual showing how the village anticipated building out the land around its transportation center. You can see that these two residential projects would more or less carry that part of the vision out.
The Valencia County News-Bulletin also recently had a story about Facebook/Meta’s planned expansion of its data center campus in Los Lunas with two new structures to support its artificial intelligence needs. The Los Lunas Village Council is considering the authorization to issue up to $45 billion in additional Industrial Revenue Bonds for the new project.
The construction and development of the new structures themselves would cost about $800 million and take two or three years to build, which they hope to begin this spring. They are currently building the last three structures of its previously-announced expansion. They expect those to be completed at the end of the year.
Construction at the site has been ongoing for almost a decade, since 2016, with 1,100 construction workers and more than 300 permanent employees currently on site. The new project would create 30 more permanent jobs. The current expansion may end up adding another 350 permanent jobs as well when it's completed.
https://www.news-bulletin.com/news/los-l...09a47fe-d366-11ef-b76e-470988820678.html
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LOS LUNAS — With the assistance of local leadership, the Los Lunas Meta Data Center is seeking to expand its campus through the addition of two new buildings to house next-generation technology.
“Meta’s campus is on a (roughly) 750 acre parcel of land. They initially broke ground in 2016 and, ever since they’ve been in Valencia County, they have been a great community partner,” said Los Lunas senior economic developer Victoria Archuleta in a phone interview.
Recently, the Los Lunas Village Council approved a resolution declaring the village’s intent to issue a series of taxable industrial revenue bonds (IRBs) pertaining to the proposed expansion of the Los Lunas Meta Data Center.
An IRB is a tax break for companies that plan to expand by way of construction and equipping of a future project. The inducement and notice resolution for an IRB application was submitted by Greater Kudu LLC, a subsidiary of Meta (formerly called Facebook).
“This resolution declares the intent of the village to issue up to six series of (IRBs) in an aggregate principal amount not to exceed $7.5 billion dollars each to induce the Greater Kudu LLC to expand its existing data center facility at its existing site,” said the village’s bond attorney Jill Sweeney at the Dec. 5 council meeting.
Sweeney said this would be the third series of IRBs to Greater Kudu LLC. According to previous News-Bulletin reporting, the first round of IRBs, which were used to create the Los Lunas Data Center in 2016, were about $30 billion. In 2021, the Los Lunas councilors approved a little more than $40 billion in IRBs to help with the cost of a second series of buildings at the data center.
“The purpose of an IRB is to provide certain incentives for the company to expand and operate here and bring new jobs and other benefits to the community, so this inducement resolution will allow the company to begin to take advantage of gross receipt and compensating tax abatement because this is an equipment IRB,” Sweeney explained.
The other thing this resolution does, said Sweeney, “is give the team the go ahead to proceed with economic analysis including negotiation of payment in lieu of taxes and to negotiate … when we get to the ordinance.”
Currently, the Los Lunas Data Center is made up of seven large buildings. In 2021, they began construction of three additional buildings, which David Williams, the Los Lunas Meta Data Center community development manager, said is anticipated to be completed by the end of 2025.
Now, they are proposing a third expansion of two new buildings that, according to the resolution, will house “next generation data center facilities to support current products and enable future generations of AI (artificial intelligence) hardware.”
Archuleta said what’s special about this proposed expansion is these facilities would be the first of its kind in Meta’s portfolio dedicated to AI and machine learning applications.
“Meta also owns Instagram and WhatsApp, among others, so anytime someone’s on their app (utilizing AI) that has to be powered and generated somewhere, right? So this is a new model that we’re really excited to support Meta in doing, and we’re fortunate that Meta is looking at doing that here, in Los Lunas, to really move this advanced technology forward,” said Archuleta.
The two new buildings would also use substantially less water, said Archuelta, as “Meta has a focus on minimizing their water use and also offsetting the amount of electricity and power that they’re using.”
She said Meta has also been making upgrades to their existing buildings to help conserve water.
“When they initially started, they had an estimated amount of water that they projected they were going to use,” said Archuleta. “Through all the advances in technology and water restoration and their dedication to sustainability, they’ve used way less water than I think any of us thought they would.”
Archuleta said to her knowledge the Los Lunas Data Center currently employs about 300 full-time Meta-associated employees and around 1,100 construction workers.
“They’re looking at an $800 million investment in the construction and development costs for the (proposed) two new buildings,” Archuleta said. “Once that’s done, we’re expecting that would add about 30 new, full-time jobs upon completion.”
Sweeney said the proposed two new buildings would entail about two to three years of construction, which is expected to begin promptly in the spring should all go as planned. She also told the council that traffic studies, monitoring and planning for the future is all in the works.
“This is the beginning of this process. An application has been submitted, been reviewed and all the steps have been taken up to this point in accordance with your economic development policy,” Sweeney said. “So this is your opportunity to give your non-binding intent to the team to go forward, then we’ll come back to you probably at your January 30 meeting with an ordinance and all the nuts and bolts of the transaction.”
“I’m excited about the concept of the high-tech around here. I think it’s going to be great for the area,” said councilor James Runyon.
The council then unanimously voted in approval of the inducement and notice resolution which includes authorization to publish notice of intent to adopt the IRB ordinance.
“This is already one of their largest campuses in the United States, so if they move forward with this third expansion it would be a really substantial benchmark for Meta and Los Lunas,” said Archuleta. “I think it’s really special and is a compliment to the village of Los Lunas and our teams that are able to support this type of growth and development and that, more than anything, we’re business friendly and open to allowing that kind of growth.”
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The new Los Lunas freeway interchange, roadway and river crossing project is currently scheduled to break ground next month. It was supposed to get underway last fall, but has faced delays tied to securing all of its $234 million in funding. The village has about $180 million in funding currently secured for the project, which is enough for the first phase. It's expected to take three years to be completed once construction begins.
(June 2024)
https://www.news-bulletin.com/news/const...9feea1c-32a4-5e18-b54c-d8489ce7bef0.html
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LOS LUNAS—The beginning of the long-awaited interstate interchange in Los Lunas and river bridge is about to become a reality.
A public hearing was held last week to give residents an overview of the Los Lunas Boulevard Corridor project, which is scheduled to begin construction this fall.
During an in-person and virtual hearing on May 29 held in the council chambers in Los Lunas Village Hall, Wyatt Kartchner, the project engineer with Molzen Corbin, said the corridor will span from Interstate 25 to the east, across N.M. 314, over the Rio Grande and ending at N.M. 47.
Planning to address the needs
“This has been ongoing for nearly 20 years,” Kartchner said about the project. “The village (of Los Lunas) has spearheaded this project with help from Valencia County and lots of other folks involved.”
While the idea of the crossing was initiated in 2001, it wasn’t until 2012 when the aMiddle Rio Grande Council of Governments developed an alignment study. The village also held its first public meeting about the issue.
There are four identified reasons for need for the corridor, including deficiencies of the existing transportation system, growth and development, traffic and congestion and emergency response service.
N.M. 6 (Main Street in Los Lunas) is the only east-west roadway connecting I-25, across the river to N.M. 47 for more than 10 miles both north and south. The state highway lacks adequate traffic capacity and improvements to the road have been exhausted.
Growth and development in the village continues to increase, both in population and employment. With more people and business comes more traffic and congestion.
Because of the congestion on N.M., traffic accidents can cause reduction in response time for first responders, including police, fire and EMTs.
“The purpose is to address traffic flow on N.M. 6 by adding a new road between I-25 and N.M. 47,” Kartchner said. “The project aims to address travel demand to high-growth areas and improve the efficiently of emergency response services within northern Valencia County.”
Kartchner said he expects the bid for the construction will go out by late summer, and construction to begin in the fall. He estimates it will take three years to complete the entire corridor from I-25 to N.M. 47.
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Corridor cost
The full cost of the Los Lunas Boulevard Corridor has come in at $234 million, which would include four lanes of traffic.
Because the village has only been able to secure $154,317,389 in local, state and federal funds, only phase one, which allows for two lanes, will be completed in three years.
Phase two will include adding the two other lanes when funding becomes available.
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(September 2024)
https://www.krqe.com/traffic-roads/los-lunas-i-25-interchange-faces-new-delay/
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LOS LUNAS, N.M. (KRQE) – There’s been another delay for the long-standing I-25 interchange project within Los Lunas. The project is supposed to help alleviate traffic congestion for commuters on Main Street in Los Lunas.
It will entail adding a new road between I-25 and Highway 47 near Morris Road. Recently, the village announced they received a $25 million grant to fund the project. “This has been a long-standing problem in the village; it’s still a problem today. We still do see a lot of congestion,” says Erin Callahan, Deputy Village Administrator. “We do think it’s very realistic that we will be having a groundbreaking in March 2025.”
They say the next step is setting a construction company to take a bid by December. It was originally supposed to break ground this fall.
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The existing I-25 interchange in Los Lunas on New Mexico Highway 6 is also being improved, with a project scheduled to get underway this month. Below is a story from the News-Bulletin a couple of weeks ago about the project.
https://www.news-bulletin.com/news/i-25-...a7209b2-d849-11ef-a51f-b360e4d2c8bf.html
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LOS LUNAS — The I-25 and N.M. 6 intersection and on-and-off ramps will soon be undergoing some significant improvements to reduce traffic backups on Main Street in Los Lunas.
At the Nov. 21 Los Lunas Council meeting, the councilors unanimously approved the low bid put forth by Desert Fox Inc. of $4,377,389 for the I-25/N.M. 6 On & Off Ramps Rehab and Reconstruction Project.
Los Lunas Public Works Director Michael Jaramillo said it was originally planned to be a New Mexico Department of Transportation-led project, as they own N.M. 6, “but through our partnership with them and trying to make this work, we came to an understanding that we could probably make this happen, so they asked us to take the lead on it.”
“This project started three years ago, and it originally started with the southbound off-ramp to come up into Los Lunas,” said Molzen Corbin engineer Jonah Ruybalid at the meeting. “It was to add an additional lane for the southbound to westbound movement and then over the years, this project has morphed into a lot more than that.”
Ruybalid explained the plan is to add another right turn lane on the I-25 southbound off-ramp, to make a total of two right turn lanes. The project also includes the addition of another left turn lane on N.M. 6 to get on the I-25 northbound on-ramp for a total of two left turn lanes.
Currently, there are five lanes on the bridge between the I-25 and N.M. 6 intersections, but to accomplish the addition of another left turn lane, Ruybalid said a sixth lane will need to be added.
“You might be wondering, is there really enough room for a sixth lane? Believe it or not, there is,” said Ruybalid.
In a phone interview, Jaramillo said this sixth lane will be created by shrinking down the existing lane sizes on the bridge from the standard 12- to 14-foot wide size, to 11-feet wide to allow for the secondary turn lane. He said the bridge will also be repaved and restriped to accommodate for the additional lane.
Currently, there is a single “free right” lane for the westbound to northbound movement onto the 1-25 northbound on-ramp that allows people to just merge in, but that will be removed as part of the project to improve pedestrian safety, said Ruybalid.
“In order to remove that lane while still maintaining capacity, the project includes (the addition of) two right turn lanes for the westbound to northbound movement to get on to I-25,” he said.
Jaramillo said a traffic signal where the free right lane is at will be relocated to accommodate the new lanes. The plan is to have a stop light for the two new right turn lanes and a turn signal will now direct you to turn right onto the northbound I-25 on-ramp.
Ruybalid said the addition of these two new lanes and the new left turn lane on the bridge require widening of the acceleration lane for the 1-25 northbound on-ramp, which will also be part of this project. He said the widening of the acceleration lane would go on for about 3,500 feet, or a little over half a mile.
Traffic signal improvements will also be done at the I-25 southbound off-ramp to move the traffic light further west to accommodate widening of the off-ramp due to the new secondary right turn lane.
“We’re also going to reprogram the lighting system,” said Jaramillo. “Now that we’re going to add these additional lanes, we have to add some time to the clocks and change some things.”
Jaramillo said there will also be sidewalk and pedestrian improvements in the area as some sidewalks will be removed to allow for the roadway improvements. There will also be new sidewalks in some areas “mostly on the north side of the bridge that connect to the bridge. We’ll be fixing those and the crosswalks there as well.”
Ruybalid said at the meeting the pedestrian walkways on the bridge would remain as is. However, on the south side of N.M. 6 there is currently pedestrian crossing by the southbound on-ramp to get to the north side of N.M. 6 that would be removed.
“So essentially, if you’re on the south side, you have to stay on the south side to make your way through the two intersections. Same thing with the north side; you’d have to stay on the north,” said Ruybalid.
“With the growth of the community, we’ve been trying to find ways to reduce the traffic backups that we have,” said Jaramillo. “We’ve done quite a bit already with the help of Meta, where we’ve gone and re-signaled all the lights, which has made a big difference, but this one here is one that we think is going to be successful in helping us move people and not having the backups that are there in front of Walmart.”
Jaramillo said construction is estimated to begin in mid- to late-February, and he anticipates construction to last six to eight months max for full completion of the project.
“For the most part, they’re going to be working during the day, but we did provide some constraints for night work for certain activities,” said Ruybalid.
“The goal of it is to hopefully keep the majority of the bridge open during this time,” said Jaramillo. “There will be a reduction in lanes for specific things, but the goal is to hopefully keep traffic moving. There will be some delays, but I think that the outcome of the project is going to see a huge difference in some of the tie ups that we have.”
The project is funded through the Federal Highway Administration through the (NMDOT) and local village funds. The amount of $3.7 million is funded by the Federal Highway Administration while the village match is $625,00. The state LEDA (Local Economic Development Act) match is $1.3 million for the project-funding total of $5.7 million.
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The village and the state also rebuilt the bridge for the existing river crossing in Los Lunas along Main Street/New Mexico Highway 6 a few years ago.
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