A developer is proposing a $175 million project

Posted by New Mexico Real Estate

June 17, 2007

In what could be the first significant change to Albuquerque’s skyline since 1990, a developer is proposing a 30-story high-rise condominium development on the west end of Downtown.

The estimated $175 million project, called the Residences at Packard Place, would be the tallest building in New Mexico. The current tall building is the 22-story Albuquerque Plaza building, also in the downtown area.

The proposal is in its infancy, said developer Vincent Garcia, president and CEO of Blue Dot Corp. As it’s envisioned now, it would include a pair of towers holding 408 residences priced from the low $200,000 range to $1 million for penthouse suites.

The Albuquerque Tribune

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