A trio of local developers is partnering on a mixed-use development in Rio Rancho to bring single-family homes, rentable units and commercial development to the City of Vision.
The development, which is in the early stages, is a joint venture between Pierre Amestoy, Kipp Watson and Jason Buchanan for the mass grading and backbone infrastructure of the development near the corner of state Route 528 and Sundt Road, Amestoy said.
Amestoy will be the residential developer, Watson will be the commercial developer and Buchanan will be the multifamily developer, Amestoy said.
The commercial area, which will be 25 acres, could include retail, a motel and a gym, among other uses under consideration.
Another 30 acres of the property will have 394 townhomes that will be four-plexes and six-plexes for rent, and the east portion of the property will have 85 single-family lots for purchase.
Amestoy estimates the rentable units will range in size from 1,100 square feet to 1,650 square feet with one-, two- and three-bedroom options. The multifamily section will also have a community center.
Construction is currently underway, as grading is being completed now, and the plans are to begin infrastructure work in February, Amestoy said.
The partners hope to have the site ready for vertical construction early in the third quarter of 2026.
Amestoy is also working on the Zuma Ranch and High Range Six single-family residential projects and another mixed-use project on Albuquerque’s west side on Seven Bar Loop Road, previous Albuquerque Business First reporting shows.
Source: “Trio of developers partner on Rio Rancho project with homes, rentals and retail“
