City Signs Redevelopment Agreement for Historic De Anza Motor Lodge and El Vado Motel Sites
July 20, 2016
Albuquerque, NM – Mayor Richard J. Berry, the Planning Department’s Metropolitan Redevelopment Agency (MRA) and the Department of Family and Community Services (FCS) are pleased to announce the signing of several agreements aimed at creating catalytic projects along Central Avenue to promote redevelopment and growth for the city.
This month, the MRA entered into agreements with Anthea @ Nob Hill and Palindrome to redevelop vacant Route 66 motel sites into new mixed-use facilities. The agreement with Anthea @ Nob Hill for the De Anza Motor Lodge is a lease-purchase agreement, while the agreement with Palindrome for the El Vado site is a development agreement. In addition, FCS entered into an agreement with the Family Housing Development Corporation to create 32 mixed-income housing units on the Casa Grande property, located immediately adjacent to the El Vado Motel site.
“The City of Albuquerque is entering into these public-private partnerships to rehabilitate these historic sites,” said Rebecca Velarde, manager, Metropolitan Redevelopment Agency. “Doing so will spur economic development in eastern Nob Hill, as well as along Central’s western corridor. This will also help to remove blight along historic Route 66.”
The MRA, in partnership with FCS, promotes multi-family and commercial redevelopment in distressed neighborhoods. 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.
Both of these projects will create mixed-use facilities to include some market rate and workforce housing, retail, restaurants, entertainment, and more.
“The El Vado/ Casa Grande site will have various uses including mixed-income housing units, a boutique motel, an event center, food pods, a tap room, an amphitheater and a pool,” Velarde said. “The De Anza site will have a boutique motel, an extended stay hospitality facility, a restaurant, retail space and a pool.”
With the signing of the agreements complete, both the El Vado and the De Anza projects move into a contingency period with a ground breaking on the new construction anticipated to begin no later than January 2017. Once completed, the mixed-use facilities will modernize the historic charm of the sites and serve generations of Albuquerque residents for years to come.
For more information on the Metropolitan Redevelopment Agency or its projects, visit www.cabq.gov/planning/metropolitan-redevelopment-agency, and for more information of Department of Family and Community Services, or its projects, visit www.cabq.gov/family
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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 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. In addition, the Planning Department also houses the Office of Neighborhood Coordination and the Metropolitan Redevelopment Agency.
For more information about the Planning Department, visit: cabq.gov/planning.
About the Department of Family and Community Services
The Department of Family and Community Services provides quality health and social services, housing, recreation and education to improve the quality of life in Albuquerque.
For more information about the Department of Family and Community Services, visit: cabq.gov/family