Bernalillo County commissioners have approved the introduction of $46 million in project revenue bonds to finance a mixed-use development that combines affordable housing with public transit infrastructure in one of Albuquerque’s busiest commercial districts.
The Uptown Connect project will transform the current ABQ RIDE Uptown bus transfer station into a transit-oriented development featuring 239 apartment units, commercial space and enhanced public transportation access. Commissioners approved the bond introduction at last week’s administrative meeting.
The development will consist of two main buildings — a five-story Plaza Building and a six-story North Building — surrounding a transit plaza with a small commercial building, totaling more than 211,000 square feet, according to a county press release.
Of the 239 apartments, 203 will be designated as affordable housing with income and rent restrictions tied to the area median income, according to county documents. Units will range from studios to three-bedroom apartments.
“Uptown is one of the most desirable and walkable areas of our city with community spaces like Winrock Park and Park Square Market growing that vibrancy,” County Commission Chair Eric Olivas said in the release. “This collaboration across governments and the private sector builds on the strengths of the neighborhood while adding much-needed, quality affordable housing.”
The project site is located in the city’s densest employment, shopping and entertainment district near Louisiana Boulevard and Interstate 40. The area provides walking access to three shopping malls, two banks, multiple healthcare providers, dozens of restaurants and two grocery stores.
ABQ RIDE is leading the project in partnership with a private developer. The development aims to address three key municipal priorities: housing, sustainable transportation and economic development, according to project materials.
The mixed-use development will provide residents with convenient access to local bus service while creating an active environment for transit riders. Commercial spaces are planned to accommodate various businesses and emerging entrepreneurs.
Project officials estimate the development will provide access to thousands of jobs within 45 minutes of walking and transit travel time from the site.
Final approval for the bond issuance is expected to come before the Board of County Commissioners in January 2026. Upon approval, construction would begin in 2026 and take approximately 2.5 years to complete.
The project represents a collaboration between Bernalillo County, the city of Albuquerque and private developers to create transit-oriented development in an established commercial corridor.