Community

Old Albuquerque High School Restaurant Market Study

Location

Broadway and Central —Downtown

City

Albuquerque NM

Size

69 units in Phase I

Year Built:

1914-40, renovated top to bottom 2002

Estimated Project cost:

$33M

Problem:

Campus was assembled by City of Albuquerque in late 1990’s

City developed RFP with no intended use except preservation

Developer (Rob Dickson) assembled team to respond to RFP—included Dekker/Perich/Sabitini, Rick Davis, and Todd Clarke CCIM

Services Provided:

Market study for the developer to be awarded the RFP

Consulting services for the RFP

Neighborhood presentations

Presentation to City Council

Market Study for Tax Credit Application

Negotiated with City of Albuquerque

Outcome:

Community had 400+ applicants during pre-leasing.  Developer went on to build additional live/work lofts for sale.