BigTymeABQ
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Opposition to state’s plan to buy Plaza Maya surfaces Damon Scott Reporter- Albuquerque Business First Opposition has surfaced to the state’s plan to purchase Plaza Maya for a relocation of its Albuquerque probation and parole division. Last month, a purchasing agreement was signed for the Corrections Department to buy Plaza Maya, a 62,287-square-foot structure at 615 First St. NW in Downtown Albuquerque. From a commercial real estate perspective, some observers have seen the move as a potential boost for a Downtown office market that has experienced a high vacancy rate in recent years. http://www.bizjournals.com/albuquerque/news/2013/04/10/opposition-to-plaza-maya-buy-surfaces.html?ana=e_du_pub&s=article_du&ed=2013-04-10&u=QWbVgCvipWuhWtd1eDprQQ08961b90&page=all
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Al’s Big Dipper opens Downtown satellite location Damon Scott Reporter- Albuquerque Business First The owners of Downtown Albuquerque sandwich shop Al's Big Dipper have opened a satellite location. Al’s Other Half opened April 3 in a 1,500-square-foot space adjacent to the city’s main library at 501 Copper Ave. NW. Co-owner Cassidy Chen said she wanted to expand her food offerings, including a breakfast menu and the operation of a full coffee bar, which Al’s Big Dipper doesn’t offer. http://www.bizjournals.com/albuquerque/blog/2013/04/als-big-dipper-opens-downtown.html?ana=e_abq_rdup&s=newsletter&ed=2013-04-10&u=QWbVgCvipWuhWtd1eDprQQ08961b90
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Downtown ABQ.
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Latest progress with the IMAX at Winrock Town Center.
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$20M makeover under way By Jessica Dyer / Journal Staff Writer on Wed Apr 3, 2013 The fancy new glass facade, light tower and balcony – aka “party deck” – are coming. But, for now, the Albuquerque Convention Center’s $20 million makeover is concentrated mostly on the inside. The property’s first major renovation in 21 years began in late January, and much of the first phase is devoted to overhauls of the kitchen and ballroom. The $8 million phase – which also includes the removal of a loading dock ramp and exterior storage unit and some new stucco – has gone smoothly so far. “We’re on schedule and on budget,” Keith Reed, manager of the city’s Construction Services Division, said during a recent site tour. The first phase – handled by contractor Gerald Martin – is on a tight time frame due to the center’s future commitments, Reed said. The kitchen and ballroom should be finished by early July. » $20M makeover under way {sodEmoji.|} ABQ Journal
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A photo I took of downtown Albuquerque.
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A vertual drive through of the Paseo del Norte/I-25 interchange reconstruction project. http://paseoi25.com./
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More info on this at KOB 4 http://www.kob.com/article/11687/?vid=4001707&v=1
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DAT searching for ‘retail pop-up’ candidates Damon ScottReporter- Albuquerque Business First The Downtown Action Team is looking for businesses to join its “retail pop-up” initiative. Organizers are seeking established businesses that are interested in testing their product or service at a downtown Albuquerque location. The program is aimed at turning vacant Downtown storefronts into temporary retail sites. The sites are created to generate buzz for the property and the retailers that participate. No long term leases are required, the commitment ranges from one week to six months, usually in relation to a season or holiday. http://www.bizjournals.com/albuquerque/blog/morning-edition/2013/04/dat-searching-for-retail-pop-up.html?ana=e_abq_rdup&s=newsletter&ed=2013-04-01&u=QWbVgCvipWuhWtd1eDprQQ08961b90
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Forest City continues to try to sell Mesa del Sol stake Damon Scott Reporter- Albuquerque Business First Mesa del Sol's co-developer remains committed to selling its interest in the master planned community in south Albuquerque. Forest City Enterprises Inc. of Cleveland said in its March 27 FY 2012 filing with the U.S. Securities and Exchange Commission that Mesa del Sol was one of several properties it is holding for divestiture. The other properties are in Ohio and North Carolina. The firm also listed 562 acres of “other” properties that it plans to sell. http://www.bizjournals.com/albuquerque/news/2013/03/28/forest-city-trying-sell-mesa-del-sol.html?ana=e_du_pub&s=article_du&ed=2013-03-28&u=QWbVgCvipWuhWtd1eDprQQ08961b90&page=all
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Tax credit funding for Downtown grocery store moves forward Dan MayfieldReporter- Albuquerque Business First The developers of the Downtown grocery store have received preliminary approval for $2.5 million in New Markets Tax Credits from the New Mexico Finance Authority. “All the parts and pieces are coming together,” Albuquerque Mayor Richard J. Berry told Albuquerque Business First on Tuesday. “This is really a catalyst for Downtown.” Project developer Paul Silverman and Gabriel Rivera of the city’s Metropolitan Redevelopment Agency presented their case to the NMFA on Friday, and have received preliminary approval for the tax credits, which work like a bond and will help with the construction of the new store. http://www.bizjournals.com/albuquerque/news/2013/03/26/tax-credit-approval-downtown-grocery.html?ana=e_du_pub&s=article_du&ed=2013-03-26&u=QWbVgCvipWuhWtd1eDprQQ08961b90
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It looks like the ABQ portion of this forum has been dead for a long time so I thought that I might as well get something started. Does anyone have any news on developments going on in ABQ?
