Plans are well underway for the construction of a 199-unit multi-family complex that will go up at Albuquerque’s sprawling Winrock Town Center.
What is being called the Pine Needle apartment complex is being developed by the Goodman Realty Group of Albuquerque and will include units ranging in size from 500 to 1,000 square feet.
Work on the $45 million, 146,000 square foot project is expected to begin in the fall of this year with an anticipated completion date of sometime next summer.
Slated for 3.3 acres at the intersection of Indian School Road NE and Pennsylvania Street NE, the four-story complex is just the latest project undertaken by Goodman Realty at the larger 83-acre Town Center site.
The company purchased the Winrock site thirteen years ago with the idea of transforming the old shopping center into a mixed-used development with an emphasis on energy and water conservation building features.
The original $10 million Winrock Shopping Center, the first large modern shopping center of its kind in New Mexico, was opened in March of 1961.
By the late 1990s the center was in decline and suffering from both a loss of tenants and traffic. Goodman Realty’s eventual purchase of the property has led to its steady revival with the construction of new restaurant, retail, and office space across the site.
By Garry Boulard
