A N Construc Pr Mtif Projects 2Q20 · 18 Santana 101 19 Markana Uptown 192 20 Uptown Transit Center...
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Albuquerque New Construction & Proposed Multifamily Projects 2Q20 Source: Yardi Matrix 1 mi 3 16 17 15 22 21 20 19 7 9 8 11 10 6 18 1 Lease-Up Under Construction Planned Prospective LEGEND ID PROPERTY UNITS 1 Overture Albuquerque 174 Total Lease Up 174 3 Markana Phase II 135 6 Highlands North 92 Total Under Construction 227 7 Elevate @ 3rd & Lomas 170 8 Broadstone Nob Hill 102 9 Highlands East 228 10 Sunset Gardens 81 11 The Pine Needle 199 Total Planned 780 15 Silver Avenue Flats 130 16 Journal Center Lofts 158 17 Wyndham Albuquerque Hotel and Conference Center Redevelopment 130 18 Santana 101 19 Markana Uptown 192 20 Uptown Transit Center 122 21 Winrock Town Center 250 22 Luminaria Senior Community 92 Total Prospective 1,175
Transcript of A N Construc Pr Mtif Projects 2Q20 · 18 Santana 101 19 Markana Uptown 192 20 Uptown Transit Center...
Albuquerque New Construction & Proposed Multifamily Projects 2Q20
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Lease-Up Under Construction Planned ProspectiveLEGEND
ID PROPERTY UNITS
1 Overture Albuquerque 174
Total Lease Up 174
3 Markana Phase II 135
6 Highlands North 92
Total Under Construction 227
7 Elevate @ 3rd & Lomas 170
8 Broadstone Nob Hill 102
9 Highlands East 228
10 Sunset Gardens 81
11 The Pine Needle 199
Total Planned 780
15 Silver Avenue Flats 130
16 Journal Center Lofts 158
17 Wyndham Albuquerque Hotel and Conference Center Redevelopment 130
18 Santana 101
19 Markana Uptown 192
20 Uptown Transit Center 122
21 Winrock Town Center 250
22 Luminaria Senior Community 92
Total Prospective 1,175
Albuquerque New Construction & Proposed Multifamily Projects 2Q20
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Lease-Up Under Construction Planned ProspectiveLEGEND
ID PROPERTY UNITS
2 Broadstone Rodeo 188
Total Lease Up 188
4 Vizcaya III 56
5 Capitol Flats 139
Total Under Construction 195
12 2800 S Meadows Rd 240
13 Camino Real 120
14 Markana De Santa Fe 180
Total Planned 540
24 Acequia Lofts 120
25 Agua Fria Area Mixed Use Development 100
26 Contenta Ridge 59
27 Madera 355
28 Old Taos Hwy 68
29 Plaza la Tierra 250
30 St. Francis South 200
31 Turquesa 240
32 Villa Sendero 252
33 Village Plaza 213
Total Prospective 1,857
Albuquerque New Construction & Proposed Multifamily Projects 2Q20
Source: Yardi Matrix1 mi
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Lease-Up Under Construction Planned ProspectiveLEGEND
ID PROPERTY UNITS
23 The Hills 149
34 Espanola 83 83
Total Prospective 232
Albuquerque New Construction & Proposed Multifamily Projects
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ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE
FORECASTED COMPLETION DATE
START OFRENT-UP
1 Overture Albuquerque 6441 Palomas Avenue NE Albuquerque NM 87109 Lease-Up 174 Albuquerque - Academy 05/29/2019 10/31/2020 02/18/2020
2 Broadstone Rodeo 1475 Rodeo Road Santa Fe NM 87505 Lease-Up 188 Santa Fe 09/17/2018 08/31/2020 11/18/2019
Total Lease-Up 362
3 Markana Phase II 6301 Alameda Blvd NE Albuquerque NM 87113 Under Construction 135 Albuquerque - Academy 08/05/2019 11/30/2020
4 Vizcaya III 2500 Sawmill Road Santa Fe NM 87505 Under Construction 56 Santa Fe 11/01/2019 10/31/2020
5 Capitol Flats 950 West Cordova Road Santa Fe NM 87505 Under Construction 139 Santa Fe 09/02/2019 09/30/2020
6 Highlands North 200 Mulberry Street NE Albuquerque NM 87106 Under Construction 92 Albuquerque - University 11/13/2019 07/31/2020
Total Under Construction 422
7 Elevate @ 3rd & Lomas 3rd Street NW & Lomas Blvd NW Albuquerque NM 87102 Planned 170 Albuquerque - Central
8 Broadstone Nob Hill Central Avenue NE & Sierra Drive NE Albuquerque NM 87108 Planned 102 Albuquerque - University
9 Highlands East Cedar Street SE & Central Avenue SE Albuquerque NM 87101 Planned 228 Albuquerque - University
10 Sunset Gardens SWC 82nd Street SW & Sunset Gardens Road SW Albuquerque NM 87121 Planned 81 Albuquerque - South Valley
11 The Pine Needle SWC Indian School Road NE & Pennsylvania Street NE Albuquerque NM 87110 Planned 199 Albuquerque - Uptown
12 2800 S Meadows Rd 2800 South Meadows Road Santa Fe NM 87501 Planned 240 Santa Fe
13 Camino Real 3480 Todos Santos Street Santa Fe NM 87507 Planned 120 Santa Fe
14 Markana De Santa Fe Richards Avenue & Rufina Street Agua Fria NM 87507 Planned 180 Santa Fe
Total Planned 1,320
15 Silver Avenue Flats 101 Silver Avenue SW Albuquerque NM 87102 Prospective 130 Albuquerque - Central
16 Journal Center Lofts 7800 Headline Blvd NE Albuquerque NM 87109 Prospective 158 Albuquerque - North Valley
17 Wyndham Albuquerque Hotel and Conference Center Redevelopment 2500 Carlisle Blvd NE Albuquerque NM 87110 Prospective 130 Albuquerque - Montgomery
18 Santana 4501 Central Avenue NE Albuquerque NM 87108 Prospective 101 Albuquerque - University
19 Markana Uptown Coronado Fwy & Louisiana Blvd NE Albuquerque NM 87110 Prospective 192 Albuquerque - Uptown
20 Uptown Transit Center 2121 Indiana Street NE Albuquerque NM 87110 Prospective 122 Albuquerque - Uptown
21 Winrock Town Center 2100 Louisiana Blvd NE Albuquerque NM 87110 Prospective 250 Albuquerque - Uptown
22 Luminaria Senior Community 10600 Central Avenue SE Albuquerque NM 87123 Prospective 92 Albuquerque - Southeast
23 The Hills 141 35th Street Los Alamos NM 87544 Prospective 149 Los Alamos
24 Acequia Lofts 2725 Agua Fria Street Santa Fe NM 87507 Prospective 120 Santa Fe
25 Agua Fria Area Mixed Use Development Agua Fria Street & Harrison Road Santa Fe NM 87501 Prospective 100 Santa Fe
26 Contenta Ridge Contenta Ridge & Plaza Central Santa Fe NM 87507 Prospective 59 Santa Fe
27 Madera 2525 South Meadows Road Santa Fe NM 87507 Prospective 355 Santa Fe
28 Old Taos Hwy 401 Old Taos Hwy Santa Fe NM 87501 Prospective 68 Santa Fe
Albuquerque New Construction & Proposed Multifamily Projects
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ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE
FORECASTED COMPLETION DATE
START OFRENT-UP
29 Plaza la Tierra Camino La Tierra & State Route 599 Frontage Road Santa Fe NM 87507 Prospective 250 Santa Fe
30 St. Francis South Rabbit Road & South St. Francis Drive Santa Fe NM 87508 Prospective 200 Santa Fe
31 Turquesa Emblem Road & Wagon Road Santa Fe NM 87507 Prospective 240 Santa Fe
32 Villa Sendero 5132 Beckner Road Santa Fe NM 87507 Prospective 252 Santa Fe
33 Village Plaza Jaguar Drive & Avenida El Nido Santa Fe NM 87507 Prospective 213 Santa Fe
34 Espanola 83 JGN Drive & North Railroad Avenue Espanola NM 87532 Prospective 83 Espanola
Total Prospective 3,264
TOTAL ALBUQUERQUE 5,368
© 2020 Berkadia Real Estate Advisors LLC. Berkadia® is a trademark of Berkadia Proprietary Holding LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker License #01931050; Vincent B. Norris, CA BRE Lic. # 843890.Berkadia Commercial Mortgage LLC conducts business under CA Finance Lender & Broker Lic. #988-0701; and Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details visit: http://www.berkadia.com/legal/licensing.aspx. The information and details contained within this report have been obtained from a third-party and believed to be accurate; however, Berkadia has not independently verified its accuracy. Date of survey: July 2020
