Location

Albuquerque, NM

Size

158 Units

Fund Equity

$9.8 M

Total Project Cost

$35.7 M

Date Approved

2/22/2021

Start Date

2/28/2021

Allaso Journal Center

Summary

Allaso Journal Center is a four story, 158-Unit, urban, elevator-served, highly amenitized resort-style community. Its location in the affluent northeast heights of Albuquerque offers tremendous potential for tenants seeking high-quality, urban-style living with convenient access to Journal Center. The amenity areas include a resort-style pool, spa, cabanas, barbecue grills, gathering spaces, and lush landscaping throughout the community. The units feature high quality finishes, nine and ten foot ceilings, and elevators for convenient access.

Latest News

The framing for buildings 1 and 2 are complete. Building 3 is awaiting exterior wrap and sheeting to complete before commencing framing. Building 4 underground plumbing rough is finished and ready for slab-on-grade forming. Curbs, gutters, and sidewalks are at 75% completion. Storm and sanitary connections to off-site utilities have been completed. Water vault at main entrance has been approved and ordered. Construction of the South retaining wall is set to commence in December. Work on the irrigation underground rough has begun. Mechanical, electrical, and plumbing roughs are progressing through the third floor of buildings 1 and 2, and are 60% complete in building 3. Window installation is at 50% completion. The trash enclosure at the Southwest corner is poured, and bollards have been installed. Exterior stucco work is anticipated to begin in December.