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

Journal Center Lofts is a four story, 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 to units.

Latest News

Construction at Journal Center is progressing smoothly. All rough grading is complete and 80% of the underground storm, fire, and sanitary lines are complete. Building 3 slab on grade is poured and CMU retaining wall has been completed. Main Building has 90% of its underground utilities installed. Section 2B has been poured and section 2A is scheduled to be poured in two weeks. Elevator 2 pit walls and sump are poured. Joint trenching has started for offsite utility providers (PNM, NM GAS & Comcast). The framing Contractor has mobilized and materials along with prefab wall panels are starting to be delivered to the project. 1st Wall panel erection is scheduled to begin mid-July.