LaTerra Development and Revitate, an experienced Opportunity Zone investor, have joined forces to break ground on Bedrock in Albuquerque. This new Build-to-Rent community is expected to be a major investment of over $100 million.
Bedrock will be the largest residential project within a Qualified Opportunity Zone in New Mexico. It will offer 202 townhomes and 142 single-family detached homes with amenities such as co-working spaces, pet-friendly parks, BBQ areas, pools, fitness centers, spas and a clubhouse.
Located at Woodmont Avenue and Paseo del Norte in Albuquerque’s thriving region for economic development opportunities. Charles Tourtellotte of LaTerra is excited about the location stating that it allows them to create jobs while investing in the community and expanding housing options.
The property also boasts close proximity to major employers including Netflix NBC Universal Amazon Intel Sandia Labs Meta making it an ideal location for residents seeking job opportunities nearby.
