Downtown Albuquerque News had a story this morning about the Noblespace proposal at Lomas and Broadway. It had a bit more information about the project, including a site plan, which I'll post below. An interesting and exciting thing from the story is they say that Noblespace is willing to consider adding a residential component if the zoning change ultimately is successful for the site.
https://downtownalbuquerquenews.com/
Quote:
Developer proposes science and tech complex for Lomas and Broadway property
A developer involved in two major Downtown science and technology facilities is proposing to build a third at the northwest corner of Lomas and Broadway.
Los Angeles-based Noblespace turned in the only submission in a request for proposals round put on by the city over the summer as part of a broader attempt to put the nearly three-acre parcel, which was most recently used as a detention pond, to use. The plan calls for the construction of two, three-story buildings that total out to 80,000 square feet, along with three "programmed outdoor spaces" and "ground-floor food and beverage uses." The complex would be named "ForgeABQ" and is designed for firms that have moved beyond a startup status and need more space for offices, labs, and light manufacturing.
"Post-incubation-stage science and technology companies have limited space to grow," the proposal reads. "Splitting operations across town is usually the moment a growing company starts looking at other cities."
The Lomas site offers "tremendous opportunity" with "excellent visibility, straightforward access, and a site large enough to accommodate a substantial building and public place," the proposal adds.
Noblespace envisions an 18-month construction timeline starting as soon as next summer.
The proposal does not include any housing, despite the recent push to change the zone of the property to allow it (DAN, 9/8/26). The new zone was decided on the same day as the RFP's submission deadline. The decision is also under appeal (more on that in the coming days).
"We responded based on the parameters of the RFP, with the belief that the site is good for job-producing uses," Noblespace CEO Howard Kozloff said Tuesday. "If the legal zoning mandate changes, we would remain interested and would explore the inclusion of housing as well."
As for financing the estimated $45 million project, Kozloff added that "our goal is to fund this without public subsidy and that is how we are currently proceeding. That said, if we're selected and reach an agreement with the city, we will revisit our underwriting based on the final development agreement and market conditions at that time."
The city, which owns the parcel along with the Albuquerque Metropolitan Arroyo Flood Control Authority, is currently vetting the proposal and will need to consult with AMAFCA before selling to Noblespace, Metropolitan Redevelopment Agency Director Terry Brunner told the Albuquerque Development Commission last week. The project will also be formally presented to the commission for a recommendation, after which negotiations over the sale and development agreement will kick off, he added.
Noblespace is also involved with the construction at the Roadrunner Quantum Lab (Commercial and Marquette - DAN, 2/4/26) and InnovateABQ, the campus that includes the Rainforest Building (Central and Broadway).
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The DAN story above also gives the correct the square footage for the project, which is actually 80,000 sq ft of space across two 3-story structures. They linked to the PDF of the Noblespace submission and this is the figure that they give for the project there as well. I'll post the breakdown of the square footage from their submission below.
The submission also states that they are taking advantage of the reduced parking requirements being located along the Lomas Boulevard major transit corridor, providing 60 parking spaces even though they expect to have over 100 people employed there and visitors for the cafe, event space, etc.
This is all very exciting and cool to see! And if it does end up having a residential component then it really will end up being a dream project!