CITY OF ALBUQUERQUE SEEKS
MASTER DEVELOPER FOR DOWNTOWN
The City of Albuquerque, through its Metropolitan Redevelopment Agency, is requesting redevelopment proposals to partner with one Master Developer to develop a downtown entertainment hub on City-owned property on the northeast corner of 1st Street and Central Avenue in Downtown Albuquerque. In order to encourage redevelopment of the site to achieve the City’s project goals, the City will offer the Subject Site through a sale or long-term ground lease to the selected Master Developer for “fair value,” which takes into account the community, economic, and social benefits of the planned redevelopment.
The City is looking for the Master Developer to develop the Subject Site into a premier entertainment hub with 21st Century amenities that fits seamlessly into the existing and proposed urban character. Proposals should include intense land uses to create an urban destination for residents and visitors of Albuquerque.