Popular fast food chain In-N-Out Burger, which recently announced it was coming to Albuquerque in 2027, has purchased a 2-acre plot for $2 million from the University of New Mexico.
The land, located at the corner of Gibson Boulevard and Interstate 25, is part of the South Campus Tax Increment Development District (TIDD), a 340-acre area pitched as a place poised to offer research buildings, retail and other amenities.
“This addition marks a significant step in our ongoing development and growth, contributing to job opportunities and the enhancement of our community,” Teresa Costantinidis, vice president for Finance and Administration at UNM, said in a statement. “It aligns perfectly with UNM’s commitment to advancing New Mexico, including promoting sustainability, economic development, and community engagement.”
David Campbell, executive director of Lobo Development Corp., the nonprofit responsible for overseeing the TIDD, said as of today, In-N-Out has not given any update in terms of construction or a general timeline.
Campbell also said talks surrounding the land deal started “several months” ago, but did not know the exact timeline due to him entering his position after it was in motion.
In-N-Out is the second fast-food chain to buy land with the intention to build a new location at the TIDD, following Raising Cane’s in October.
The popular California-based burger chain announced Nov. 7 it was coming to New Mexico for the first time in 2027. The location will be service by a distribution facility in Colorado Springs, Colorado.
Source: “In-N-Out buys land from University of New Mexico for $2 million in South Campus TIDD“
