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.
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.
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.