$35 million Innovate Albuquerque Downtown Project
Excerpt from Albuquerque Business First dated April 1, 2016
There’s no formalized site plan for Innovate ABQ, but one building has been proposed for the 7-acre site and it’s a big one.
A $35 million, 159,000-square-foot building will bring student housing, a gym, cafe, bank and new businesses to the corner of Central and Broadway. The six-story building will also be the tallest and most dense residential building in East Downtown.
The project will be constructed just north of the First Baptist Church, and will require the development team to tear down a 14,000-square-foot wing of the church. Jason Perry, senior vice president of Signet Development, said developing a new building rather than developing the existing properties on site was strategic. more
At right is a rendering of Innovate ABQ shows a six-story building will be constructed next door to the historic First Baptist church, as seen from Broadway Boulevard, courtesy University of New Mexico.
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