12501 Candelaria Rd. NE, Albuquerque, NM 87111
Treveston Elliott Architect has been selected to re-imagine this underutilized building. Bridges on Tramway will receive a complete exterior renovation with new facade, storefront glass, columns, patios, new surface parking, signage, landscaping, etc.
Tramway has long had a cultural and logistical importance to the Albuquerque Metro area. Not only is Tramway an important commuter byway to the NE Heights, it is also the gateway to the Sandia Mountains and all the recreation it has to offer. Nestled between the iconic Bridges on Tramway lies a property located on the NW corner of Candelaria and Tramway that has long been underutilized. The property is walking distance from recreation trails, bike paths, open space and iconic neighborhoods. Residents, tourists and enthusiasts agree that this area is long overdue for a locale where the community can gather.
Four cantilever footbridges cross Tramway from Copper to Montgomery. More than aesthetic, these bridges provide connectivity between NE Heights Neighborhoods and the recreational amenities found in the Sandia Mountains, an 8.5 mile protected path along Tramway. The bridges are a draw to runners, bicyclists, tourists and the surrounding community. Bridges on Tramway draws inspiration from these historic bridges and aims to provide connectivity and community to the NE Heights and Albuquerque.
A five minute walk from the Bridges on Tramway lies the Piedra Lisa trailhead, better known as "White Wash". This trailhead is one of thirty trails accessible from the 8.5 mile bike path along Tramway. The 10,679 foot high mountain is home to the second longest aerial tramway. The tram takes 10,500 trips every year to the Sandia Ski Area and popular recreation trails. More than recreation, the Sandia Mountains provide an unbelievable scenic backdrop to the City of Albuquerque and the view is even more incredible from the Bridges on Tramway.
Hastings Entertainment vacated this 20,000 SF Tramway property in 2017 due to their Chapter 7 bankruptcy and resulting closure. The property that sits on 2.1 acres of land will be redeveloped into a multi-tenant retail center and aims to bring the entertainment just as Hastings one did. Construction on this project will begin on Feb. 14, 2019. Delivery of the exterior renovations and finishes will be completed 60-90 days after commencement. Landlord aims to deliver all suites in a similar condition and will provide a State of Landlord Work to interested tenants that will detail delivery conditions. Utilities will be sub-metered but tenants will all pay a flat rate for gas, electric and water.
Rentable SF: 17,344
Available SF: 779-10,864
Lot Size: 2.51 Acres
Parking: 5.8:1,000 (Currently)
Utilities: $3.00 PSF (through 2021)
NNN: $2.00 PSF
TIA: $10 PSF (5+ year term)
Tramway: 27,610 VPD
Candelaria: 7,168 VPD
Landlord will provide a tenant improvement allowance in addition to the Statement of Landlord Work for all leases that are five years or longer.
Space to be delivered in "Vanilla Shell" condition. This will include interior demising walls, drop ceiling, lighting, HVAC, utilities stubbed in, sprinkled, bare concrete flooring and newly renovated storefront. Common bathrooms with shared hallway. Statement of Landlord Work to be provided to tenant upon request.