BigTymeABQ
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Work has begun at the Silver Moon Lodge in downtown ABQ.
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State moves forward on Plaza Maya purchase Damon Scott Reporter- Albuquerque Business First After the New Mexico Corrections Department announced this spring that it would relocate its Albuquerque probation and parole division to Downtown’s Plaza Maya, opposition began to surface from some groups that work with young people in the area. A purchasing agreement had been signed by the state’s General Services Department to buy the 62,287-square-foot building at 615 First St. NW — a move that could lower Downtown’s chronically high office vacancy rate. Now, months later, GSD Public Information Officer and Records Custodian Tim Korte says plans for the purchase are moving forward, with a policy change in the works to help address community concerns. http://www.bizjournals.com/albuquerq....html?page=all
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Winrock completion four to six years away Damon Scott Reporter- Albuquerque Business First It was first developed in the 1950s and was once the largest regional mall between Los Angeles and Dallas. Its size is almost that of Downtown Albuquerque, and at one point it even had an amusement park on its grounds. The highly anticipated and ambitious redevelopment of Winrock Mall — now Winrock Town Center — began in earnest in 2007, when the Goodman Realty Group purchased the 84-acre site. But a total buildout of the project is still about four to six years away, according to a top executive. Goodman Vice President of Development Darin Sand gave the North I-25 Business Association a Winrock status report at a luncheon Thursday. http://www.bizjournals.com/albuquerq...82996&page=all
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Albuquerque's Industrial Cathedral: The ATSF Rail Yards Posted by John Mulhouse on July 17, 2013 at 10:00am There are numerous towns in New Mexico that owe their lives to the railroad. Many can also lay their deaths at the feet of that very same railroad, which quickly abandoned them when their services were no longer needed. One city that can trace the foundation of its modern character to the railroad but has now grown so far beyond it that the connection has nearly been lost is Albuquerque. Yet recently interest in the railroad has been growing in the Duke City. Aside from the popularity of the Rail Runner and National Train Day, there has been renewed attention given to the Albuquerque Rail Yards, which once employed 25% of the city’s workforce. The rail yards may have defined Albuquerque for the first half of the 20th Century, but for the last couple decades they have been quietly slipping from public view. http://www.dukecityfix.com/profiles/...tsf-rail-yards
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ABQ Convention Center remodel wraps first phase Damon ScottReporter- Albuquerque Business First The city of Albuquerque hosted an event Tuesday to mark the completion of the first phase of the $20 million Albuquerque Convention Center renovation. Mayor Richard Berry and other city officials were on hand to show off the downtown complex’s remodeled ballrooms. The city said it refinanced the debt on the building to fund the entire project. http://www.bizjournals.com/albuquerq...0&t=1373405517
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Albuquerque eyes more neon signs along Route 66 Posted at: 07/08/2013 10:56 AM By: Elizabeth Reed, KOB.com ALBUQUERQUE (AP) - Albuquerque officials want to encourage businesses to add neon lights that will lighten up Central Avenue along the city's 15-mile stretch of historic Route 66. The City Council has approved a package of proposals for incentives that the Albuquerque Journal reports that Mayor Richard Berry intends to sign. http://www.kob.com/article/stories/S...html?cat=10029
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Gold Avenue corridor gets social Damon Scott Reporter- Albuquerque Business First The Gold Avenue corridor in downtown Albuquerque is hoping to land on your social media radar. Billing it as the official site about “the place to stroll, shop, live and dine in urban Albuquerque,” business owner Patti Hoech has launched a Facebook page to promote the area’s offerings. http://www.bizjournals.com/albuquerq...0&t=1372861807
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County to start talks about buying PNM building Dan Mayfield Reporter- Albuquerque Business First The old PNM building on Silver Avenue Downtown may soon have a new owner: Bernalillo County. At Tuesday night’s Bernalillo County Commission meeting, the commission voted unanimously to allow County Manager Tom Zdunek to negotiate with the owners of the building to purchase it. The building has been listed for sale at $11.1 million with Colliers International New Mexico. The seller is Albuquerque Plaza Associates LP, an affiliate of Minneapolis’ Hunter Keith Industries, which built Alvarado Square expressly for PNM Resources in 1981. PNM is consolidating its Downtown Albuquerque operations and no longer needs the space, but has one year left on its lease. http://www.bizjournals.com/albuquerq...0&t=1372256012
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Here is a photo that I took of the work being done at the Anasazi Downtown.
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A few photos of the ABQ Convention Center remodel.
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Coalition eyeing two locations for 'Innovate ABQ' Joe Renaud Editor-in-Chief- Albuquerque Business First A University of New Mexico design consultant has honed in on two potential locations for innovation and research districts as part of the proposed "Innovate ABQ" initiative, a joint project between UNM, the City of Albuquerque and others. According to an Albuquerque Journal report, the leading locations are the Central Avenue and Broadway intersection in Downtown Albuquerque and the Aperture Center at Mesa del Sol. Under the initiative, the locations would serve as hubs for innovation and business development, creating high-wage jobs that form the foundation of lively economic development sectors. http://www.bizjournals.com/albuquerq...0&t=1371478267
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UNM’s Frank has big plans for a new incubator Dan Mayfield Reporter- Albuquerque Business First The University of New Mexico has its sights set on a new incubation space for high-growth businesses. In a discussion about economic development on Thursday at the League of Women Voters monthly luncheon, UNM President Dr. Robert Frank said the university is stepping up its economic development initiatives, and is looking at a Downtown site for its next incubation experiment. http://www.bizjournals.com/albuquerq...0&t=1371159404
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UNM to condemn land for south campus development By Astrid Galvan / Journal Staff Writer on Thu, Jun 13, 2013 POSTED: 10:00 am LAST UPDATED: 10:20 am The University of New Mexico today began the process of condemning 24 empty lots of land owned by an Albuquerque family for development of its south campus. UNM is also purchasing nine other lots belonging to different families in what is the continual expansion of its presence in the Avenida César Chávez and University SE vicinity. It is the 24 lots, off Sunshine Terrace SE owned by a family identified only as the Gutierrezes, that UNM wants to buy through eminent domain. Sunshine Terrace is just south of Avenida César Chávez and runs from Buena Vista Drive to slightly east of Interstate 25. The Gutierrezes have agreed to the condemnation of their land, and UNM today filed a request for a court to appraise the land. http://www.abqjournal.com/main/21005...velopment.html
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Adieux Cafe to open Downtown Damon Scott Reporter- Albuquerque Business First Three former Monte Vista Fire Station bartenders turned business partners are launching a soft opening of Downtown’s latest eatery — Adieux Cafe today. Eliot Salgado, Ryan Barnhill and TJ Groff have been renovating a 2,000-square-foot space at 420 Central Ave. NW for about two months in a site that last housed a hair and nail salon and a florist. The trio revamped the space with their own money — about $35,000 — according to Salgado, who was most recently a manager at Nob Hill Bar and Grill. http://www.bizjournals.com/albuquerq...39719&page=all
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Shade coming Downtown ABQ’s way, courtesy of DAT Damon Scott Reporter- Albuquerque Business First Albuquerque’s Downtown Action Team said it will be working this summer to plant trees along the Central Avenue and Gold Street corridor. The nonprofit received a $1,500 Keep Albuquerque Beautiful grant earlier this year with a 60 percent match from Plant World to fund the project, which will replace 15 dead, missing or dying trees. DAT is working with the Parks and Recreation Department to coordinate tree removal and replanting. http://www.bizjournals.com/albuquerq...0&t=1370473592
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Fueling tech transfer By Kevin Robinson-Avila / Journal Staff Writer on Mon, Jun 3, 2013 The University of New Mexico has become a prime breeding ground for high-tech startup companies. UNM inventions licensed to private investors and entrepreneurs through the Science and Technology Corp., the university’s technology transfer office, have led to creation of more than 60 new businesses since the STC launched in 1995. In fact, when the current fiscal year ends on June 30, UNM will have achieved an annual record in startup formation, with nine new companies created. Nearly three dozen are operating in New Mexico, including 29 scattered around Albuquerque. That includes everything from biotechnology companies trying to commercialize new drugs and medical devices to hardware and software firms developing cybersecurity and other systems. Some now have dozens of high-wage employees. About 30 people, for example, work at nanoMR Inc., which is commercializing UNM technology to rapidly detect and identify blood infections. Another 30 work at IntelliCyt Corp., which sells a super-fast cytometry system invented at UNM to do cell analysis for medical diagnostics and drug discovery. But despite such success, STC President and CEO Lisa Kuuttila says it’s not enough. She wants to see a lot more companies taking UNM technologies to market, and she wants them to grow into flourishing businesses that offer scores of high-paying jobs. http://www.abqjournal.com/main/20634...-transfer.html
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Albuquerque couple purchases Occidental Life Building Damon Scott Reporter- Albuquerque Business First One of Downtown Albuquerque’s architecturally distinct buildings has new ownership. Laurie and Jared Tarbell have purchased the 26,000-square-foot Occidental Life Building at 301 Gold St. SW, Laurie Tarbell said Friday. Terms of the deal for the fully leased building were not disclosed. Laurie Tarbell said a private cash offer was made to the Revelle family in Chicago, which has owned the structure for 30 years. http://www.bizjournals.com/albuquerq...0&t=1370034953
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Hyatt Regency Albuquerque debuts new lounge Damon Scott Reporter- Albuquerque Business First Visitors to Downtown Albuquerque’s 395-room Hyatt Regency hotel have probably noticed its lobby atrium space near the gift shop and Starbucks storefront where busy professionals gather to connect to WiFi and enjoy coffee or a beverage from the nearby Keva Juice bar. While the 1,600 square foot open space will continue to operate as such during daytime hours, at night it’s transformed into Urban Pear 330 — a new lounge concept that launched May 30
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County clears aisle for grocery store bond deal Gary Gerew Assistant Editor- Albuquerque Business First The Bernalillo County Commission have voted to consider a bond proposal sought by developers of a planned grocery store in Downtown Albuquerque. The actual proposal is expected to be voted on by commissioners in August, according to the Albuquerque Journal. Paul Silverman of Geltmore Inc. told the Journal that the bond proposal is an important part of the financing plan for the project. http://www.bizjournals.com/albuquerq...0&t=1369839245
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UNM students work on sprucing up Route 66 By: Chris Ramirez, KOB Eyewitness News 4 The City of Albuquerque and the UNM School of Architecture and Planning teamed up to find ways to spruce up Route 66 through Albuquerque. Students came up with renderings and designs to help the city rehabilitate parts of Central Ave. Some ideas include creating walkways over I-25, adding more parks and open-air markets along Central. The idea is to create spaces that bring people together, just like the Route 66 of the 1950’s. “We will take some of these projects and we'll take the ones that we think are the most applicable and we will start thinking of ways of implementing those either in its current form or a variation of that form up and down central avenue and we'll be looking for projects to do," Mayor Richard Berry said. The students are in a class called City Lab. The City gave UNM space downtown to hold the class. Instead of collecting rent, which would equal $50,000/year, the city is tapping into the brains of the faculty and students and plan on implementing some of the designs and ideas into reality. http://www.kob.com/article/stories/S....shtml?cat=500
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New eatery, hotel coming to North I-25 corridor Damon Scott Reporter- Albuquerque Business First Albuquerque’s North I-25 corridor will soon have a new hotel and national restaurant opening. The site for Irving, Texas-based Cheddar’s Casual Café has been cleared and construction is under way for the chain to open its first New Mexico location. The restaurant will be located off the Pan American Freeway between Fuddrucker’s and the Chama River Brewing Co., just south of the Century Rio 24 theater complex. The 8,100-square-foot restaurant is being constructed where CU Auto Sales was formerly located. Albuquerque’s Darrell Julian Construction has been hired to work on the project with general contractor Southfork Construction Inc. out of San Antonio. http://www.bizjournals.com/albuquerq...0&t=1369174459
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Long signs deal to acquire Downtown’s Hyatt Regency Dan Mayfield Reporter- Albuquerque Business First Albuquerque hotel operator Jim Long and his longtime business partner Chris Smith have signed an agreement to buy the 395-room Hyatt hotel building in Downtown Albuquerque, Long said Monday. The hotel, built in 1990, is one of Albuquerque’s most recognizable landmarks. Long said he and Smith expect the deal to close in the next 60 days. He declined to disclose the purchase price or the name of the seller company. http://www.bizjournals.com/albuquerq...86154&page=all
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Developers propose doubling size of Downtown grocery Dan Mayfield Reporter- Albuquerque Business First The proposed Downtown grocery store could get bigger. The developers of the new grocery store Downtown on Tuesday presented ideas to the Downtown Action Team for doubling the size of the grocery store planned. Blueprints from Geltmore Inc. show that the plan is to build a four-story building with 21,840 square feet of retail space on a larger footprint. The number of apartments above the store also nearly doubled, to 61. The grocery store itself will grow from 6,000 square feet to 11,555. It will have 27 parking spaces. http://www.bizjournals.com/albuquerq...0&t=1368652716
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7-11 expanding Downtown Albuquerque location As Downtown Albuquerque waits for its first grocery store, expected to break ground this fall, the corridor’s 7-11 location is set to expand. The 7-11 at 401 Copper Ave. NW, just off the 4th Street Mall, is expanding into an adjacent 400 square feet, said Bob DeFelice, who owns the 2,200-square-foot space next to the 7-11. DeFelice said the additional space became available when restaurant La Quiche Parisienne Bistro relocated a couple of months ago. http://www.bizjournals.com/albuquerq...0&t=1368566475
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