Albuquerque, NM Commercial Real Estate Bound For Big Future
Posted on November 1st, 2018
Uptown will soon see some new retail.
Construction has commenced on a small parcel of land on Louisiana Blvd. NE, right across the street from Coronado Center.
The 5,435-square-foot project will house two retailers, including Aspen Dental, which will take up 3,750 square feet. Aspen is a nationwide dental office practice.
Wilger Enterprises is leading the construction “under supervision” of Sun Vista Enterprises, both based in Albuquerque. Albuquerque-based NCA Architects is the architect on the project.
The lot was previously a parking lot but now that there’s underground parking available for the four-story building behind the project, there was space to add retail. The project is part of The 24s@Uptown mixed-use project.
Previous upgrades to The 24s@Uptown project, include a transformation of the former 86,000-square-foot office Main Bank building into a mixed-use building with luxury condominium units and retail on the bottom.
Albuquerque’s Commercial market is the best its been in years, with the addition of many large Fortune 500 Companies moving into the Duke City we can expect the future to look bright. This adds value to all property asset classes especially our favorite here at T&C – Multifamily!!! We can expect occupancy rates to continue to rise to all time highs, so contact us now to get you involved in the City On The Move!