Albuquerque High Lofts

'Now that's more my style and price range'

That's a typical creative class response (and an actual one too) comparing something like the Albuquerque High Lofts (pictured) with the nearby luxury Gold Avenue Lofts.

To elaborate, the Gold Avenue Lofts are housed in one massive building, described as 'sterile', 'boring' and 'safe', with prices starting at $300,000 for large 1100 s.f. units. Only 8 of the 41 units were initially sold after completion. Meanwhile, the Albuquerque High Lofts began at just $150,000 for units as not so big as 700 s.f. (up to 2050 s.f.) Only two of the 180 completed lofts are still available, with 54 on the way for February 2007.

Albuquerque High Lofts developer Rob Dickson, interviewed in New Urban News (featuring a larger story on Albuquerque's downtown revitalization), put it this way, "The projects that have been produced have missed the market. The units are too large, and the prices are too high."

By Neil Takemoto on May 5, 2006 4:35 PM | No Comments | No TrackBacks

No TrackBacks

TrackBack URL: http://www.cooltownstudios.com/mt/mt-tb.cgi/277

Leave a comment

About this Entry

This page contains a single entry by Neil Takemoto published on May 5, 2006 4:35 PM.

Using 'cool tech' to allow indies to compete with chains was the previous entry in this blog.

Bringing nature to city living is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.