Plans have been announced for the construction of a new 330-unit apartment complex on the southwest side of Santa Fe that will go up near the Presbyterian Santa Fe Medical Center.
The project, which has been the subject of at least one public input meeting, belongs to the Abacus Capital Group of New York and would, upon completion, be one of the largest apartment projects in the city.
Abacus, a real estate investment firm, wants to build the complex on a currently vacant 6.2-acre site at 5201 Beckner Road.
Abacus, which is also the developer of the new Turquesa Apartments, a 240-unit project south of the Santa Fe Place Mall on Wagon Road, is expected to shortly submit a final development plan for the Beckner Road project.
Founded in 2004, Abacus develops, re-develops, and manages multi-family projects across the country, with a focus on Texas and the West coast.
Expected to be reviewed later this fall by the Santa Fe Planning Commission, the project could see construction launching sometime next spring.
By Garry Boulard
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