Albuquerque officials announced that demolition work has started inside the smaller of the two San Mateo Towers, a vacant complex that has sat empty for at least five years. The interior demolition and cleanup are part of a broader redevelopment plan that also includes upgrading the building’s electrical, plumbing and elevator systems.
Project details and goals
When completed, the smaller tower will be converted into more than 60 new apartments, providing much‑needed housing in a neighborhood that has struggled with fires and vandalism during the towers’ period of vacancy. The larger tower is slated for a mixed‑use development that will combine residential units with commercial space, creating opportunities for local businesses.
City leaders say the project was chosen for its proximity to the Albuquerque Rapid Transit (ART) line, a key factor in encouraging transit‑oriented development. “It’s a big project. When that gets fully developed, it hopefully will lock down that corner and incentivize a lot of other folks to take a look at that area. It’s going to bring population in that supports grocery stores or restaurants or bars or other activities in the area,” said Terry Brunner, director of the Metropolitan Redevelopment Agency.
Economic impact
The overall redevelopment is expected to cost tens of millions of dollars and is on schedule to be finished next year. City officials anticipate that the new housing and commercial space will spur additional private investment, boost property values, and generate new tax revenue for the municipality.
Local businesses are already expressing optimism. The influx of residents is expected to increase foot traffic for existing retailers and attract new establishments, further revitalizing the surrounding community.
Community benefits
Beyond the economic upside, the project aligns with the city’s broader strategy to transform underutilized properties into vibrant, family‑friendly neighborhoods. By providing modern apartments and mixed‑use space, the redevelopment aims to create a safe, livable environment that supports traditional families and respects the values of the community.
Officials also highlighted the importance of improving infrastructure. Upgrading the electrical, plumbing and elevator systems not only brings the buildings up to current code but also ensures long‑term reliability for future occupants.
Next steps
Construction crews will continue interior demolition work in the smaller tower while exterior work proceeds on both structures. The city will monitor progress closely to keep the project on track for its projected 2027 completion date.
Residents and stakeholders are encouraged to stay informed through the Metropolitan Redevelopment Agency’s website and public meetings, where updates on the project’s timeline and community impact will be shared.
Original reporting: KOAT Albuquerque — read the source article.
