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Silver Gardens Mixed-Income Apartments - Phase I |
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| GOAL |
To provide a model of green, mixed income, affordable housing to revitalize downtown.
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| CHALLENGE |
To serve the widest tenant income mix possible, from market rate to low-income and formerly homeless tenants.
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| OUTCOME |
Fully financed certified designed development with non-profit partner providing with social services, now in construction.
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Silver Gardens is a mixed-income affordable housing rental development that will provide new, much needed low-cost housing options to residents of downtown Albuquerque. The Silver Gardens development is a key ingredient of the master plan created by Jonathan Rose Companies’ southwest affiliate Romero Rose for the redevelopment of two and one-half vacant city blocks across from Albuquerque’s newly renovated Alvarado Transportation Center. Silver Gardens will complement two other components of our development plan for downtown Albuquerque: Elements, a for-sale townhome cluster, and Green Commons, a green commercial development.
Silver Gardens will serve the widest tenant income mix possible, ranging from market-rate to very-low-income and previously homeless tenants. Romero Rose has joined forces with a non-profit social services provider, the Supportive Housing Coalition of New Mexico, Inc., as co-developer and co-owner of the project. Our partnership supports local non-profit capacity and ensures that the right services will be provided to those tenants needing various forms of training, assistance and support.
Silver Gardens’ design features a four-story U-shaped building that wraps around a 15,011 square foot courtyard offering native drought tolerant landscaping and a contemplative element designed by a Native American artist.
Green features of Silver Gardens include rooftop rainwater collection for irrigating the landscaping, and a roof-mounted wind turbine to supplement the building’s environmentally responsible energy efficiency program. Silver Gardens is designed to achieve a LEED Gold certification and comply with Enterprise Green Communities criteria. Silver Gardens is the first affordable housing project in the United States to conduct a carbon offset transaction, earning income for over 300 tons of averted Co2 emissions from the Enterprise Green Communities Offset Fund. |
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Firm Role
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Co-Developer, Co-Owner with the Supportive Housing Coalition of New Mexico
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Project Profile |
New construction of 4-story, mixed income, green affordable housing rental development
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Project Team |
Architect: Claudio Vigil Architects nof Albuquerque and Oz Architecture of Denver
Urban Planner: Calthorpe Associates
Contractor: Gerald Martin
Owner: Silver Gardens I, LLC
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Total Project Size / Budget
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77,212 square feet / $12.5 million
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Completion |
March 2010
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