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  #801  
Old Posted Mar 10, 2021, 9:28 PM
ABQalex ABQalex is offline
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KRQE on Sunday had a story about Netflix's expansion plans and the effort to train more people in the state for the increased jobs in the film industry.

https://www.krqe.com/entertainment-n...uquerque-home/

Video Link


Below are the latest videos of both Project Chico and Project Nico posted on Vimeo. Project Nico is coming along very quickly and is already getting sections of its roof completed. It looks like it will indeed be mostly one level.





A few pictures I came across recently of the completed renovation of the Uptown Tower in Uptown Albuquerque.







https://www.allensigmon.com/company-...ore-and-after/

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  #802  
Old Posted Mar 12, 2021, 1:28 PM
ABQalex ABQalex is offline
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The Los Lunas Village Council has approved the IRBs for the Facebook data center expansion. This means the additional 6 buildings can go forward and the entire project will be a $6.6 billion investment by Facebook into the metro Albuquerque economy. It means the nearly 1,200 construction jobs will continue for the foreseeable future and at least 30 more permanent jobs will be created and will now total almost 400 high-paying jobs at the site. The possibility exists that the total permanent jobs will also double to 700 from the 350 in the original project once all is said and done!

Video Link


KOB-TV has a report about the Civic North RFP which was apparently inspired by the post I made about the proposals earlier in this thread last year. In their written article below they mention and link to this thread. The city confirms that they received the proposals but says the RFP timeline and selection has been affected by the pandemic and it is still up in the air at this point.

https://amp.kob.com/articles/downtow...r-6039878.html



We just have to keep hoping that things will continue getting better and the RFP moves forward, hopefully sometime this year!

The city in its response also mentions the other recent RFPs and MRA projects in the downtown area that have moved forward. That includes the First and Silver RFP. Last month, Albuquerque Business First revealed some details from the city about the lone proposal that the city received and is now negotiating for a development agreement with the developer. It seems the project will cost $20 million and include about 200 residential units in a multi-story building.

https://www.bizjournals.com/albuquer...s-in-2021.html



I made a public records request for the RFP submission with the city last month but they denied it, saying that it is not yet a public record. I will try again but I'm hoping it may be posted soon on the city's website, if and when they come to an agreement with the developer.

The Business First story also provided various other details and updates about other MRA projects in and around Downtown Albuquerque. Below is a summation of the projects that I cobbled together and edited for clarity from a partial list in the article and descriptions for the other projects in the accompanying gallery for the story.

Quote:
Innovate ABQ: A 22,000 sq ft building renovation for a bioscience makers lab. Construction will begin in June and is estimated to cost $5.2 million.

Homewise Townhomes: A residential project that will include 16 townhomes. Construction will begin in 2021 and is estimated to cost $2 million.

Spirit Station: Approximately 6,000 square feet of experiential destination space at the Rail Yards. The project is in negotiations for a lease agreement and is estimated to cost $3 million.

Highlands Broadstone East: A project including 228 multifamily units and 4,000 square feet of retail space. The project was recently approved for a seven-year property tax abatement and MRA bonds. The project is estimated to cost $56 million.

Tierra Adentro Charter School: A project that includes a 38,300-square-foot charter school in the Sawmill Area. The project is under construction and estimated to cost $8.6 million.

Nuevo Atrisco: The second phase of the project will include 11,000 sq ft of commercial space, a food hall, and a 6,000-square-foot community plaza. The project is in negotiations and is estimated to cost $7 million.

Imperial Inn: The redevelopment of the mid-century modern motel will accommodate 52 guest rooms, 16 residential units, and more than 4,400-square-feet of rentable commercial space. The project will begin construction on June 30th and be completed within a year. Total project cost is $7.9 million.

First and Silver RFP: The project will include about 200 units of multifamily housing. The project is in negotiations and estimated to cost $20 million.

Rail Trail: The project is in design and development and will cost $5.5 Million for the portion from Downtown south to the Rail Yards. The city has requested additional money from the state legislature for an extension north and west from Lomas Boulevard to the Sawmill Area.

Springer Square Sky Link: Skybridge and plaza which will enable direct access to spaces in the Convention Center parking structure for the Springer Square and Verge office buildings in order to free up current surface parking lots at the site for future development. Cost of the initial Sky Link project is about $6 million.
Here are renderings and a layout of the Sprit Station project, which was the winning submission from the Rail Yards North Entrance RFEI late last year. The development team describes it as a submersive and interactive art and history storytelling experience similar to Meow Wolf in Santa Fe and Electric Playhouse here in Albuquerque. It will have an 1880s steam punk-type theme including the Bar Car, operated by Still Spirits craft distillery.









Below is a pic of the Rail Yards north entrance area from the Business First story gallery. The Pattern House building where Spirit Station will be located is visible in the left center of the photo. The historic Firehouse structure is directly behind it to the south at the exact center of the photo. The city says it dropped consideration of proposals for the Firehouse because of the current economic conditions due to the pandemic.



Below is the official website for Spirit Station and the YouTube video of the initial Zoom community meeting they held last month to unveil the project and solicit ideas and help from the community and local artists to further develop the project and its exhibits.

https://spiritstationabq.com/

Video Link
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  #803  
Old Posted Mar 13, 2021, 9:01 PM
ABQalex ABQalex is offline
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KOB-TV has a story and update about the UNM Hospital expansion, the first phase of which is expected to be completed by late 2024. It includes updated renderings for the new structure.

https://amp.kob.com/articles/unm-hos...r-6040786.html



Albuquerque Business First this past week had a story about a new 150,000 sq ft speculative warehouse building in the Meridian Business Park near the new Amazon Hub delivery station.

https://www.bizjournals.com/albuquer...-westside.html



An aerial video update posted two weeks ago of the new 261,000 sq ft Ben E. Keith distribution center going up on the Westside.

Video Link


A recent story from KOB-TV about the spillover effect of the Netflix and NBCUniversal presence here and all the ancillary companies that are setting up shop in Albuquerque to be near all the productions and filming work going on here now and in the future.

https://www.kob.com/albuquerque-news...-boom/6027316/



The building permits for Titan Development's 158-unit Allaso Journal Center project were issued this past week. It looks like it will get underway soon. Pavilion Construction is the contractor, and luckily they provide regular updates on their construction projects, so I look forward to seeing it under construction!

https://posse.cabq.gov/posse/pub/lms...ctId=121627252

https://www.titan-development.com/pr...journal-center

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  #804  
Old Posted Mar 17, 2021, 1:46 AM
ABQalex ABQalex is offline
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Updates from KOB-TV and Albuquerque Business First about the Orion Center. Albuquerque Business First is reporting that hiring has begun for the project!

https://www.bizjournals.com/albuquer...buquerque.html

https://www.kob.com/albuquerque-news...-city/6043336/



This past weekend the mayor revealed in his state of the city address that Group Orion had secured 200,000 sq ft of temporary office and manufacturing space in order to operate in the city while the Orion Center facilities are constructed.

https://www.cabq.gov/mayor/news/mayo...ad-to-recovery
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  #805  
Old Posted Mar 29, 2021, 2:19 PM
ABQalex ABQalex is offline
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A pic and the latest video updates of the Amazon fulfillment center and sortation center going up on the Westside. It's amazing how fast Project Nico has been constructed. It's now fully enclosed after just a few weeks of construction! The second video is a little older, from two weeks ago, but I thought I'd post it because it shows a lot of the interior of Project Chico and the inner workings, with all of the complex systems for item retrieval being installed. It's all fairly fascinating! The last video I've had to share as a link because it says its settings won't allow it to be embedded and played directly here. I've left the failed embed in the post to show what it says. I hope this isn't the new norm for these videos!



https://www.instagram.com/p/CMpaEMlruZs/








https://vimeopro.com/dronebros/const...ideo/528850100


Recent pics of the UNM Hospital expansion from one of the project architects on Instagram. There's also a short video if you click the link to the post on Instagram.

https://www.instagram.com/p/CMnEMHblE6v/








Downtown Albuquerque News recently had this pic of the Hilton Garden Inn/Homewood Suites hotel construction downtown. There are now separate websites and a joint Facebook page for both hotels with additional renderings of the project. They say the hotels are scheduled to open in June.

https://downtownalbuquerquenews.com/











https://www.hilton.com/en/hotels/abq...rque-downtown/

https://www.hilton.com/en/hotels/abq...rque-downtown/

https://www.facebook.com/HGI.HWS.ABQDowntown/

A pic of the Hope Village construction from the project contractor, Pavilion Construction, on Facebook.

https://www.facebook.com/pavilionconstruction/

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  #806  
Old Posted Mar 30, 2021, 6:51 AM
ABQalex ABQalex is offline
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Channel 13 had a story tonight about the plans for the Winrock Town Center park area that project developers have submitted to the Development Review Board for approval. It will include a lake and arched pedestrian bridge among other features. There will be two restaurant pavilions within the park and two new three-story structures and a new entrance constructed on the south side of the existing Dillard's women's store. Below is KRQE's report as well as renderings of the project from the DRB submittal package. The plans will be reviewed at this week's DRB meeting.

https://www.krqe.com/news/business/d...opping-center/

Video Link




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  #807  
Old Posted Apr 1, 2021, 4:15 AM
ABQalex ABQalex is offline
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The new Ben E. Keith distribution center on the Westside opened earlier this week. Albuquerque Business First reports that the 275,000 sq ft facility is just the first phase of an eventual 600,000 sq ft of space for its regional headquarters that serves all of New Mexico, southern Colorado, far west Texas and El Paso.

https://www.bizjournals.com/albuquer...warehouse.html

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  #808  
Old Posted Apr 1, 2021, 11:44 PM
ABQalex ABQalex is offline
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Albuquerque Business First has a story detailing Theia Group's temporary space in Albuquerque where it will operate while the Orion Center is constructed. The three structures are all former Raytheon facilities in the Sandia Science & Technology Park. It includes the original 103,000 sq ft Ktech facility at Eubank Boulevard and Development Road SE. Ktech was a 40-year-old, Albuquerque-grown company which Raytheon acquired in 2011. The other building is the 72,000 sq ft building at 10800 Gibson Boulevard SE. The story states that Theia Group signed a 10-year lease running through March 2031 for the Gibson building and a "long term lease" was signed last summer for the Ktech building.

https://www.bizjournals.com/albuquer...n-offices.html

10800 Gibson Boulevard SE





Old Ktech facility at Eubank Boulevard and Development Road SE



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  #809  
Old Posted Apr 3, 2021, 12:05 AM
ABQalex ABQalex is offline
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More news about the Orion Center from the Albuquerque Journal today. The city administration and Theia Group have come to a land lease and development agreement to build the project. The City Council will need to approve the agreement.

https://www.abqjournal.com/2376258/s...pus-lease.html



Quote:
The pending ground lease and development agreement requires Theia Group Inc. to develop the entire site in the next decade, including at least 48 acres by 2025, according to documents Mayor Tim Keller sent this week to the Albuquerque City Council. Failure to meet the development timelines would allow the city to reclaim undeveloped land.
Quote:
The agreement between Theia and the city could span 50 years — 30 years to start, with two possible 10-year extensions.

Theia Group has agreed to pay the city $1 million on the agreement’s commencement date — expected to be June 1 — and another $1 million a year later, according to the mayor’s correspondence.

In 2025, annual rent would rise to $1.2 million. It would increase by 2% yearly until 2030, at which time an appraisal would set payments.
The story also reveals that the company will seek incentives and public assistance to build the project, though it is not yet known which kind or the amounts. I imagine it will include IRBs and LEDA funding.

The state legislature just wrapped up its special session where it passed an increase in LEDA funding for large economic development projects over $350 million like the Orion Center. During the special session it was revealed that there are currently three economic development projects in the works actively negotiating agreements with the state that would meet the threshold, but they were not named.

https://www.abqjournal.com/2375418/l...-nm-house.html
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  #810  
Old Posted Apr 7, 2021, 11:56 PM
ABQalex ABQalex is offline
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The Journal has a story about another great re-use of an empty retail space in Albuquerque. Verus Research will renovate the 41,000 sq ft former Babies R Us space on Hotel Circle. It will be an office and industrial facility. Construction is expected to be completed in August.

https://www.abqjournal.com/2377824/b...-new-life.html

A quote from the article detailing how the space will be used.

Quote:
Our expansion will provide room for offices, team collaboration centers, testing facilities, equipment and product storage, large open laboratories and 10 program-specific laboratory stations all under one roof,” managing director and CFO Hank Andrews said in the statement.


The story mentions other recent projects that are transforming empty retail and entertainment spaces into office and industrial uses. This is helping solve two problems - finding new uses and tenants for these empty spaces and dealing with the lack of industrial space in Albuquerque.

Below are two more recent projects announced that will transform empty retail and entertainment spaces in Albuquerque:

Albuquerque-based regional restaurant chain Dion's Pizza will renovate the former It'z entertainment center that has been vacant for a few years at the Montgomery Plaza shopping center. The 51,000 sq ft space will become the company's flagship location with corporate office, centralized production hub for things like its popular green chile ranch dressing, and a new restaurant location as well.

https://www.bizjournals.com/albuquer...ip-campus.html



Directly west of the Dion's project, also at Montgomery Plaza, will be another headquarters for a California hotel supply company that will relocate to Albuquerque. The project will transform the 28,000 sq ft former Cinemark Movies 8 location that closed permanently last year because of the pandemic. Green Suites Hotel Solutions provides things like soap and shampoo to about 4,000 hotels across the country. The company is already operating in Albuquerque out of temporary space downtown until the renovation of the former movie theater is completed at the end of the year.

https://www.bizjournals.com/albuquer...-movies-8.html



Another company that recently relocated to Albuquerque is Lancs Industries, which relocated here from Seattle and plans to hire more than 75 people in Albuquerque. The company manufactures products that facilitate the safe handling of radioactive nuclear waste and works with Los Alamos and Sandia National Labs, among others. Their new 26,000 sq ft facility is located in the Renaissance Area near the new TopGolf location.

https://www.bizjournals.com/albuquer...on-hiring.html

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  #811  
Old Posted Apr 8, 2021, 4:07 AM
ABQalex ABQalex is offline
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A story from KOB-TV about the official plans announced yesterday by the city to transform the old Lovelace hospital buildings on Gibson into the Gateway Center centralized homeless shelter and service center.

https://www.kob.com/albuquerque-news...erque/6066001/



A story from KRQE about plans by UNM to renovate a 19,000 sq ft former sorority house into an ROTC center housing Army, Navy and Air Force branches. The project will cost $9.5 million.

https://www.krqe.com/news/albuquerqu...o-rotc-center/



Construction pics and renderings of the Ken Chappy Hall renovation at CNM which will house the Fine Arts Program of the school. Along with a complete renovation of the existing structure, it includes a new entrance and enclosure of an interior courtyard to house gallery and studio space. New outdoor spaces will be created elsewhere in the building.













An aerial drone pic of the Tierra Adentro charter school construction in the Sawmill Area from their website. Tierra Adentro is an arts/performing arts charter school closely aligned with the National Institute of Flamenco, whose new headquarters and studio is directly south of the school building. The school will have use of the NIF studio space for its dance programs.

https://www.tierraadentronm.org/



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