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City Hosts Skyline Competition for the Tallest Building in New Mexico

RFP for Redevelopment Project Open until June 30

February 27, 2017

Albuquerque, NM- Mayor Richard J. Berry and the City of Albuquerque Metropolitan Redevelopment Agency (MRA) are hosting a competition to change Albuquerque’s skyline with the tallest building in New Mexico. The MRA is requesting redevelopment proposals to partner with one or more private developers to construct iconic buildings in the heart of Downtown Albuquerque.

The first tallest building in Albuquerque was the Compass Bank built in 1966 at 238 feet. It was surpassed by the Albuquerque Plaza Building, also known as the Hyatt and US Eagle Buildings, built at 1990 at 351 feet.

“It has been 27 years since Albuquerque has seen an iconic high rise building,” said Mayor Berry. “I believe it’s about time to add to our skyline another building that will further spur economic opportunity in the heart of our city.”

In order to achieve the desired objectives of this project, the City will offer two pieces of property through sale or long-term ground lease to the selected private developers. Developers will be able to submit proposals for one or both properties, or they can submit a proposal to redevelop a piece of property they already own in the downtown area. The properties offered include the surface-level parking lot on 3rd Street and Marquette Avenue in addition to the vacant lot on the northeast corner of 2nd Street and Silver Avenue.  In addition, developers that submit a proposal for the competition will have the opportunity to request funding assistance from the City of Albuquerque in order to successfully execute the project.  Both the property offering and funding assistance must be in compliance with the State’s Metropolitan Redevelopment Code.

There are many project goals for this redevelopment initiative; however, the winning proposal must include a skyline defining building which will become the centerpiece for the project. The City is encouraging proposals that include at least one building at a minimum of 360 feet in height. 

The MRA is currently accepting proposals on this project and will do so through June 30. On July 3, an Ad Hoc Committee will start evaluating proposals in order to send their recommendation to the Albuquerque Development Commission for approval.  To read the full Request for Proposals (RFP) and find details for submitting a proposal, visit: www.cabq.gov/planning/metropolitan-redevelopment-agency/request-for-proposals

This competition is just the latest in a series of projects initiated by the MRA under the Berry administration that are intended to remove blight, stimulate economic development, create job opportunities and enhance the overall appeal of Albuquerque’s Downtown area. Some of these redevelopment projects include the Imperial Building, One Central, and the El Vado Motel.

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About the Planning Department

The City of Albuquerque Planning Department provides a full range of services from processing building permits to ensuring zoning/housing code compliance and developing long-range regional plans/policies. The Planning Department also houses several project review boards and commissions including, but not limited to: Development Review Board, Environmental Planning Commission and the Zoning Hearing Examiner. For more information about the Planning Department, visit: cabq.gov/planning.

About the Metropolitan Redevelopment Agency

The MRA promotes redevelopment in distressed areas. This is accomplished through creating metropolitan redevelopment areas, strategic planning to redevelop these areas, purchasing property for projects that can act as an anchor for other new development in the area, and entering into public/private partnerships where the private sector acts as the developer. For more information on the Metropolitan Redevelopment Agency or its projects, visit cabq.gov/planning/metropolitan-redevelopment-agency.