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Todd Clarke CCIM— tclarke@canteraconsultants.com—715 8th NW—Albuquerque NM 87102—505-440-TODD |
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Cantera Consultants & Advisors Inc. |
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Project File 6th & Central |
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Original Franscian Hotel |
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Community |
Gold Avenue Lofts |
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Location |
South side of Gold between 1st and 2nd |
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Size |
41 for sale lofts |
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Client: |
Historic Development Improvement Company—Chris Leinberger |
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Assignment |
Complete a capture and penetration analysis to determine market viability and potential resident profile |
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History |
The site and company have an agreement with the City of Albuquerque to re-develop a 12 block area of downtown Albuquerque - the developer needed to identify if a sufficient market existed to avoid a finished product between $200,000 to $400,000. |
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Results |
The market study identified 57,422 households that could afford these units and then went on to identify and profile these buyers. |
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Report |