The latest stage in development at Winrock Town Center is here.
Goodman Realty Group, the developers behind the property in Uptown Albuquerque, announced plans this week for the groundbreaking of the development’s central park on May 18.
“Our point with Winrock is not to compete with similar developments in our neighboring cities, it’s to set the bar for what a sustainable urban mixed-use development should be,” Goodman Realty vice president Scott Goodman told the Journal.
Once completed, a sprawling 2.5-acre park with a central 374,750-gallon reclaimed water pond will take up space in what once was the center of Albuquerque’s first indoor shopping mall.
Construction on the park is estimated to take about a year to complete.
Darin Sand, Goodman Realty vice president of development, said the park will tie together the center, which will eventually become a live-work-play hub complete with restaurants, multifamily housing, hotels, office space, retail space and medical offices.
Already, Winrock Town Center is home to medical offices like New Mexico Orthopaedics, department store shopping like Dillard’s and Nordstrom Rack, and a multitude of restaurants.
Goodman said construction on the housing and lodging portions of the property is slated to begin this year with the first hotel likely to break ground this fall.
Currently, about 800,000 square feet of development is in place, but the final vision, according to Sand, includes about 1 million square feet of retail space, about 100,000 square feet of office space, 120,000 square feet of medical space, roughly 350 to 400 apartments, 30 condos and two 150-room hotels.
Sand said the park is central to Winrock’s overall vision since similarly sized cities have an outdoor area akin to the one his company is building.
“There’s nothing like this in Albuquerque and most of our competitive cities have something like this mixed-use development with that outdoor space where the community can gather,” he said.
Sand said the water is sourced from reclaimed water from an on-site water treatment facility that will be built through a partnership with the Albuquerque Bernalillo County Water Utility Authority.
In addition to the large pond, Sand said the park will also feature a play area, a small amphitheater, an electric trolley, educational spaces, a cafe and a restaurant.
The groundbreaking comes about 15 years after Goodman Realty took over ownership of Winrock Town Center.
To date, around $210 million has been invested in the project with an estimated completed price tag of $550 million, according to the company.
Source: “Winrock to Break Ground on Park, Pond“