Downtown Albuquerque ‘entertainment hub’ now leasing apartments

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It’s been almost two years in the making, and now the end of construction is finally in sight for an entertainment hub in downtown Albuquerque. One Central is now leasing apartments.

“It’s a two bedroom, two bath. It’s about 724 square-feet. This is what a majority of the units would look like,” said David Stroud.

One Central is the $40 million development originally introduced during former Mayor Richard Berry’s administration. The idea was to have it be a space where people could live, work and play.

“You have a great view of the Sandia Mountains and this huge outdoor entertainment space,” said Stroud, the Operations Manager.

After breaking ground more than a year ago, the apartment units are finally ready to rent. Stroud says locals aren’t the only ones looking into the space.

“We’ve seen people that are moving to Albuquerque. Which is exciting because they’ll be able to live downtown and we’re growing downtown,” he said.

But it’s going to cost you to live here. The smallest unit is a studio apartment at 480 square-feet. That unit costs $900 a month. Add on about another 400 square-feet and it’ll cost you $1,400.

So far, Albuquerque residents have mixed feelings on the rent.

“For that size and that cost to me it’s prohibitive. It’s certainly not friendly based on our poverty rate for New Mexico,” said Edna Sprague.

“If you’re looking for somewhere that’s going to be right in the heart of things, that might be worth it,” said Sarah Coffey.

However, Stroud says you get more than just an apartment.

“In the building we have a fitness center. We have a gaming room and a media room. It has 10 different TVs in there,” he said.

Stroud says the idea is to change the perception of downtown, to get people to want to live in the area.

“Stuff that would attract people to come downtown and make it the entertainment hub for downtown,” he said.

A bowling alley and APD substation are still in the works to be added in the building. The original plan to have a bridge connect One Central with Innovate ABQ is still in the works as well.

Residents can move into their new apartment starting Sep. 1. The commercial properties are still under construction.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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