A project that will see the construction of 139 apartment units in Santa Fe has won the approval of the city’s Planning Commission.
What is being called the Capitol Flats Apartments will go up near the intersection of Cordova Road and Pen Road and will, according to its design, have vehicular and pedestrian access to both of those streets.
Being developed by Peter Aberg, a Dallas developer who has taken on other rental projects in Santa Fe, Capitol Flats will have 90 one-bedroom units, 29 two-bedroom units, and 20 studio apartments.
The project, going up on a 2.3-acre rectangular-shaped site, will also include a fitness center, co-work lounge, rooftop deck, and ground floor courtyard space.
According to county documents, the design of the new complex will somewhat resemble a modern three-story State of New Mexico government office building currently standing on the other side of Cordova.
With the exception of that structure, say the documents, the architecture of the new complex “resembles nothing in the immediate area within adjacent blocks.”
Rents for the Capitol Flats will range between $950 and $1,800 a month. According to the site RentCafe.com., the average rent in Santa Fe today for a one bedroom is $950 a month, and $1,143 for a two-bedroom unit.
By Garry Boulard