Partnership + Investment + Community

PARTNERSHIP + INVESTMENT + COMMUNITY

A UNM Regent-owned, non-profit corporation created under the University Research Park and Economic Development Act, for the purpose of facilitating non-traditional real estate development by way of collaborative and innovative approaches, which advance the goals of University of New Mexico.

Partnership

Creating New Partnerships

Lobo Development Corporation (LDC) seeks to engage in active public/private partnerships to enhance competitiveness, sustainability, and long term value. Built on the previous successes of partnering with American Campus Communities for the development of new student campus housing, LDC is in the process of creating new partnerships to benefit the University of New Mexico.

American Campus Communities

Lobo Development Corporation and American Campus Communities(ACC) entered into a partnership in 2008 to develop new student housing for the University of New Mexico. Lobo Development facilitated a ground lease with ACC for the development of Lobo Village, an apartment style dormitory complex. During the tough economic situation in New Mexico, ACC provided a way for UNM to fulfill the much needed demand for new campus housing. Following the completion of Lobo Village, ACC and LDC formed another agreement for a ground lease on UNM’s Central Campus to develop more student housing. The Central Campus housing will be a more typical dormitory style product and provide an additional 1000 beds for the 2012-2013 school year. With the successful completion of these two projects, ACC and LDC will partner for an additional 1000 beds and new dining hall by the year 2014.

UNM Strategic Housing Plan 12-1-2010

Sandia Foundation

Lobo Development and Sandia Foundation have entered into a joint endeavor, via ULI Advisory Service Program, to facilitate an open inquiry about Lomas Corridor. This effort formulated community and business-based opportunities for growth potential within the Lomas Corridor (properties north and south of Lomas Blvd., east of 1-25 to Yale Blvd., located in Albuquerque, NM). The 11 panelists from the ULI Advisory Services Program held a symposium on 11/11/11 on their findings and recommendations for the Lomas Corridor.

Investment

Investing for Student Success

Lobo Development Corporation is committed to investing in the University of New Mexico. Through successful development, LDC seeks to improve the University financially and more importantly the lives of the students. LDC’s first major project was Lobo village, an apartment-style dormitory complex for upper classmen located on UNM’s South Campus. Lobo Village was the first housing project for UNM since the early 1990’s, and was a major investment into UNM’s undergraduate population. Research from universities across the country shows a major increase in student success rates when they live on campus both in GPA and graduation rates.

Academic Success Report

Living On Campus Report

Investing for the Future

LDC will continue its mission of investing in UNM for the betterment of the students. Through its unique position as a private entity owned by the University, LDC has the support of the University and the capability to create new successful developments in the future.

Community

Present Development Projects

Lobo Development Corporation recognizes it unique position with UNM and the surrounding community. UNM’s properties are located in important areas bounded by many of Albuquerque’s most active and historic neighborhoods. Lobo Development seeks to facilitate an active communication process between UNM, the neighborhoods, the communities, and all stakeholders which will be affected by any future development occurring on UNM’s properties.

Case Study

During 2010, Lobo Development Corporation was in the process of developing new student housing on UNM’s Central Campus. Over that time period, LDC facilitated over 150 meetings between stakeholders discussing important issues regarding the development with neighborhood associations, communities, stakeholders, designers, student organizations, and faculty groups. The initial workshops were entitled SHOW (Student housing Outreach Workshops) and they were created to raise awareness for the development of New Student Housing on Central Campus. The workshops helped LDC gain further insight into all of the issues facing new campus development. From these workshop, LDC focused in on these issues by creating a research team to study these areas. This process took several months where the team addressed the issues and offered recommendations to alleviate concerns. Many of the issues involved bringing together many departments within the University to develop a solution to the issue. Through these processes LDC facilitated a new era of community involvement in the planning and development of UNM properties. This process will be the future model for all LDC activities and will give every interested party a voice in all future LDC Developments.

SHOW Workshops Presentations and Meeting Minutes

Design Update Component II - 041411

Design Review Board Minutes - 031611

Board of Regents Finance & Facility Committee - 021011

Student Housing Development Preliminary Materials - 02102011

Lobo Development Recommendation to the Regents F+F Committee - 021011

Discussion of Strategic Housing Plan | Component II - Phase I (PDF)

Discussion of Strategic Housing Plan | Component II - Phase I (PPTX)

Forum I - 082610

Forum 2 - 090210

Forum 3 - 090910

Workshop Efforts