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Posted Apr 10, 2023, 6:26 AM
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Registered User
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Join Date: Dec 2019
Location: Albuquerque, NM
Posts: 643
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ABQCREguy in his post mentioned the possibility of the city itself purchasing Two Park Central for redevelopment. Hopefully the city can indeed spur or do something to redevelop the Two Park Central tower into housing of some kind.
The Albuquerque Journal last month had a story about the city's plans to purchase and redevelop the mostly vacant and rundown Franklin Plaza Shopping Center at Central and Juan Tabo SE. The city plans and hopes to redevelop it with a fire station, urgent care facility and housing.
https://www.abqjournal.com/2582432/c...lin-plaza.html
Quote:
The city of Albuquerque has made an offer to purchase Franklin Plaza, City Councilor Renée Grout confirmed Tuesday. Plans to redevelop the 10-acre Southeast Heights property include a new fire station, an urgent care and workforce housing.
The potential purchase has taken more than a year of planning between the property owner, Waken LP, and city officials. Scott Cilke, a spokesperson for the Department of Municipal Development, said in an email to the Journal that the city was still negotiating with the owner, but expected to wrap up talks in the coming weeks.
Grout said the city is waiting on an environmental study before sealing the deal.
The study has the potential to stall the project. The shopping center once housed a dry cleaner; consequently, the land may need soil remediation. It’s uncertain how much remediation would cost or who would be responsible for decontaminating the property.
Grout, who represents the Southeast Heights and has lived in the area for more than 40 years, said the property has been neglected for decades, after Furrs grocery store, once an anchor tenant, left the space.
“It’s been a blighted piece of land for many, many, many years,” Grout said. “Back when I was in high school, we … got our groceries there. It has not been good since.”In the years since Furrs’ departure, the area has hosted a revolving door of businesses, including a bingo hall, a bar and a dollar store. Small restaurants and mom-and-pop shops have also fled the area, including Vietnamese eatery Saigon Sandwich.
The shopping center gained notoriety in 2015 when one of its tenants – Day Spa and Nail – became a filming location on “Better Call Saul.”
In 2014, more than a decade after Furrs left its roughly 40,000 square-foot space in the plaza, ranch and farm retailer Big R planned to take over the vacant storefront. But by 2015, the deal had fallen through.
A year later, there was a plan for redevelopment. Heslin Holdings, a California-based real estate firm, partnered with the Waken family, which had long owned the property. In 2016, the pair planned to give the area a facelift and rebrand the area as “Route 66 Plaza.”
But Franklin Plaza remained Franklin Plaza. In 2020, the property was approved for a use change, which would allow for large-scale destination retail and high-density housing, among other new uses.
Additional housing is crucial for the airmen who work at the nearby Kirtland Air Force Base, Grout said.
“There’s a housing shortage,” Grout said. “It would always be nice to get some more housing, and workforce housing especially.”
The city plans to knock down one retail strip on the northern side of the shopping center to make room for a three-acre fire station, Grout said. She hopes that part of the remaining seven acres will be used for local restaurants, retail and most importantly, an urgent care.
“There’s a real need for it,” Grout said. “We don’t have an urgent care in that area.”
The Department of Municipal Development and Albuquerque Fire Rescue were unable to provide details at present about the funding and cost of the proposed fire station. In an email, Cilke said additional details would be available once the negotiation process is complete.
Franklin Plaza falls into Metropolitan Redevelopment Agency territory. Grout said she hopes the area is revitalized ahead of the Route 66 centennial in 2026.
“We need to bring back the East Central area,” Grout said.
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A couple of years ago in another RFP I discovered and posted here that YES Housing was working on a proposal for this property. The city has apparently been planning this purchase and redevelopment since at least then. We shall see if the YES Housing proposal ends up factoring into the city's redevelopment plans for the property.
The California company that was supposed to redevelop this shopping center was successful in redeveloping the shopping center at Central and Atrisco SW after the Kmart location closed there back in 2015. The old Kmart space was filled with Burlington and Conn's, an addition was filled with Dollar Tree, Stanton Optical and Oak Street Health, outparcels received new Panda Express, T-Mobile, SuperCuts and Dunkin' locations, and a smaller existing structure was filled with a new Harbor Freight location. It's really disappointing that they couldn't repeat that success at Franklin Plaza as well.
The Walmart location at 301 San Mateo SE between Central and Zuni recently closed as well, on March 10th. The city is also hoping to purchase that site with help from the state. The plans are to redevelop it, possibly with housing, but it seems the city may be looking at reusing the structure for organizations and entities such as resource and aid centers, as well as a local food store and pharmacy of some kind, to replace those services that were lost with the Walmart closure. It was said that the city was possibly looking to issue an RFP for an operator for the grocery store, like it did for the Downtown grocery store years ago.
https://www.kob.com/new-mexico/walma...closes-friday/
Quote:
ALBUQUERQUE, N.M. — The Walmart on San Mateo near Central is closing its doors for good Friday.
This Walmart location served as a primary store for food, medication and other necessities for people in the International District.
4 Investigates worked to uncover the closure for months, until it was finally confirmed in February.
City and state officials are trying to turn what will soon be a vacant lot into something beneficial for the city – if and when Walmart puts it up for sale.
“It’s a huge lot that would give us the opportunity to maybe provide housing and have it be co-located on these transit routes with food, pharmacy, small business, etc.,” said Pat Davis, Albuquerque City Council president.
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https://www.kob.com/new-mexico/elect...onal-district/
Quote:
ALBUQUERQUE, N.M. — City and state officials announced they are working to secure resources to acquire the shuttering Walmart store property on San Mateo near Central.
Their plan is to work with community members to repurpose the site to serve local residents. State Sen. Antoinette Sedillo Lopez and state Rep. Janelle Anyanonu have led funding efforts, with each securing $1 million in capital outlay from their respective chambers for a total of $2 million.
In early February, residents of Albuquerque’s International District reacted with concern to the announcement that their neighborhood Walmart was closing its doors permanently on March 10. With limited options in the area, many use the store as their primary source for healthy food, fresh produce, medications, and other goods in the area.
“We’re working hard to bring together community leaders, elected officials and Walmart to create a path forward for this property so that it can be a community asset and provide critical access to food and other essentials for the International District,” Mayor Tim Keller said. “Investing in a solution that can help fill the void is important and it’s key that it be a community-driven decision on what that ultimately looks like.”
An additional funding source could come from the passing of Senate Bill 251, which would expand the city’s ability to use gross receipts taxes to invest in redevelopment for projects such as the Walmart site. The bill received a “Do Pass” recommendation last week from the Senate Tax, Business and Transportation Committee.
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The former Walmart structure is over 209,000 sq ft and has been kept in great condition, receiving several renovations inside and out in the last few years. That's apparently why the city is looking at reusing the structure. It also sits on a huge piece of land that was cobbled together through expansions since the store originally opened as a smaller Discount City location back in 1985.
I would rather see the structure demolished and the street grid restored. I'd like to see an urban village-type of redevelopment project built over the site. I envision several multi-story buildings on the new blocks, with a square of some kind in the center, either a park or plaza. The buildings could have some commercial space on the ground-floor facing the square and possibly along San Mateo as well. The square could be used for a farmers market and other community events and gatherings.
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