A busy Albuquerque intersection is about to become a massive hub for housing and entertainment.
The project is just the start of the west side expansion.
“Got together with the community and we had several different ideas and plans in place that we envisioned. Those hopes and dreams after the recession, were somewhat shattered,” says City Councilor Ken Sanchez.
Councilor Sanchez says this idea has been in the works for 12-years.
“Nuevo Atrisco is going to be a fabulous addition to the community and to this activity center. It’s a private/public partnership,” he says.
Nuevo Atrisco will be 6-acres. It’s set to be built at the intersection of Central and Unser and will cost $17 million.
Sanchez says the community helped come up with the design and what to include within the development.
“We are looking at 88 housing units. There will be 30,000 sq. ft. of retail development. There will be 10,000 sq. ft. of office space, and right now they’re negotiating rent leases for these different venues,” he says.
Earlier this month, Mayor Tim Keller, along with Councilor Sanchez, broke ground on the Central and Unser intersection improvements.
Work there is currently underway to make the intersection safer and have better traffic flow. During that groundbreaking, Mayor Keller announced the city’s partnership with Nuevo Atrisco.
“We’ve signed off on a wonderful mixed-use housing development on this intersection that is going to be the place making an investment that is about affordable housing. It’s also about businesses,” said Mayor Keller.
Sanchez believes this project will only help benefit the city’s growth.
“All of the development that’s taking place on Albuquerque’s west side. I’ve always said that Albuquerque’s west side is the final frontier for growth and development,” he says.
Councilor Sanchez says the idea behind Nuevo Atrisco is to make it look somewhat like Nob Hill. He says he wants to make it a place where people can work, play, and live.
Nuevo Atrisco will start construction at the beginning of 2019 and is expected to be complete within the next 18-months.