<body><div><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=4ASlFr_1BYEZ5OO00" alt="https://img.particlenews.com/image.php?url=4ASlFr_1BYEZ5OO00" width="1280" height="960" >ALBUQUERQUE, N.M. (KRQE) – A plot of land in the university-area of Albuquerque that sat vacant for years has a new lease on life as the result of a public-private partnership.The vacant lot at 2404 Garfield Ave. SE has been transformed into the Garfield Townhomes and is now home to 16 two-story loft-style residential units. The property is located near The University of New Mexico, Central Avenue, transit lines, and local businesses.“We don’t have to keep growing outward to solve the housing shortage,” said Metropolitan Redevelopment Agency Director Terry Brunner. “These homes help Albuquerque grow smarter by adding housing in existing neighborhoods close to jobs, transit, and schools.”The homes are all-electric and feature shaded overhangs, low-e windows, EV chargers, and solar-ready roofs. Albuquerque native Evan Davis, who led the project, has redeveloped vacant and underused properties in the UNM, Nob Hill, and Highland areas through compact townhome projects, the city said.“Having lived in the University Heights neighborhood throughout architecture school, I’ve walked by this property more times than I can count,” said Davis of Garfield Townhomes LLC. “I am grateful for the Metropolitan Redevelopment Agency’s help in making this happen in one of the city’s most walkable and lively neighborhoods.”Garfield Townhomes was supported through the city’s Redevelopment Tax Abatement program, which helps housing and redevelopment projects move forward in Metropolitan Redevelopment Areas by lowering upfront costs and reducing the tax burden during the early years of a project.The City of Albuquerque held a ribbon-cutting ceremony at the property Tuesday.</div></body>

Block Source: KRQE News 13

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ALBUQUERQUE, N.M. (KRQE) – A plot of land in the university-area of Albuquerque that sat vacant for years has a new lease on life as the result of a public-private partnership. The vacant lot at 2404 Garfield Ave. SE has been transformed into the Garfield Townhomes and is now...

Vacant University Area lot transforms into townhomes

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Vacant University Area lot transforms into townhomes

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