After hours of pitches and public comment over two days of hearings, Bernalillo County commissioners decided to delay a vote on approving the first level of the proposed Santolina master plan.
Santolina would be developed on almost 13,800 acres of Bernalillo County land located southwest of Albuquerque — a long-term plan that would bring residential and commercial components to the site. Representatives of owner Western Albuquerque Land Holdings wanted commissioners to make a decision on the Level A approvals Thursday. The Level A is a land use approval and a macro view layout of all the pieces of Santolina, from infrastructure to potential economic development impacts. There would be Level B and Level C approvals that would have to run their course before any construction would potentially take place at the site.
In the end, commissioners wanted to see the development agreement before making a decision. The development agreement is between the county and the developers and dives into financial pieces, including the assertion from developers that the project would be of “no net expense” to the county.
Santolina is a proposed master planned community southwest of Albuquerque.
Commissioners will revisit the proposal at a May 11 hearing at the Albuquerque/Bernalillo County government complex in Downtown. The hearing is scheduled for 4 p.m., a request from commissioner Debbie O’Malley to better accommodate public comment for people that work during daytime hours. Dozens of Santolina detractors that filled the Vincent E. Griego chambers March 25 to give public comment were not able to do so because the agenda was pushed to March 26 and many could not return to the hearing. There were several public comments from representatives of the business community that spoke in favor of the master plan approval as well.
By: Damon Scott (Albuquerque Business First)
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March 2015 Commercial Market Trends
View a New Mexico Market Trends Summary Report, which includes March 2015 Commercial Market Trends. This report includes total number of listings, asking lease rates, asking sales prices, days on the market and total square feet available.
Disclaimer: All statistics have been gathered from user-loaded listings and user-reported transactions. We have not verified accuracy and make no guarantees. By using the information, the user acknowledges that the data may contain errors or other nonconformities. Brokers should diligently and independently verify the specifics of the information you are using.
Important Legislation: Take Action Today
RANM needs your help! We need you to send word to your Representative in the New Mexico House that they need to vote YES on HB380.
HB380, a bill that amends the Homeowners Association (HOA) Act, is on the House agenda and pending a full vote of the membership. It already has cleared two House committees in which it received a unanimous “Do Pass”. Click here to view the bill.
HB380 caps the amount an HOA can charge for the disclosure documents and reduces the amount of documents an HOA must produce. This is a consumer-friendly bill and is a RANM priority.
To contact your Legislator click here and it will take you to a pre-written email that will go directly to your Representative.
Advocacy is an important part of our business and we ask that you take action immediately. Thank you!
Sincerely,
Carl Grending
2015 CARNM President
HB380 caps the amount an HOA can charge for the disclosure documents and reduces the amount of documents an HOA must produce. This is a consumer-friendly bill and is a RANM priority.
To contact your Legislator click here and it will take you to a pre-written email that will go directly to your Representative.
Advocacy is an important part of our business and we ask that you take action immediately. Thank you!
Sincerely,
Carl Grending
2015 CARNM President
ABQ Ranks in Middle for Construction Job Growth
The Albuquerque metro area ranked 184 out of 358 metros across the country for its rate of job growth in the construction sector during January, adding 600 jobs or 3 percent compared to a year earlier, according to an analysis of federal employment data by the Associated General Contractors of America.
All told, 247 metros saw construction employment increase, while 56 registered a decrease and 55 were unchanged. The January snapshot of employment trends shows a lot of turbulence in the pace and direction of change in construction jobs across the country, noted AGC chief economist Ken Simonson in a news release.
Elsewhere in New Mexico, Las Cruces ranked 350 out of 358 metros with the loss of 400 jobs or 11 percent of its construction work force while Santa Fe ranked 354 with the loss of 400 jobs or 15 percent of its work force.
By: Richard Metcalf (Albuquerque Journal)
Click here to view source article
