The actual property group that bought the vacant Alvord Elementary Faculty now plans to make the undertaking a completely residential property.
Native actual property dealer David Barker, a part of the group that purchased the Alarid Road property from Santa Fe Public Colleges in 2017, initially wished to transform the campus right into a live-work house for artists with a industrial part. However in a latest interview, he stated his group is shifting plans for the two.8-acre web site.
The Barker group, which incorporates John Barker, David Barker’s brother, in addition to their sister, Lisa Barker, is working with architects on designs and drawings for the property simply west of the Railyard, David Barker stated.
Aside from the change in scope, David Barker stated not a lot else has modified for the undertaking and that it stays a piece in progress.
“We’re ready for the best concept,” David Barker stated, “the best alternative to current itself so we will cost forward.”
David Barker stated the unique plan was to transform the college to accommodate a mixture of enterprise tenants, together with a restaurant and an space for artwork storage. The group additionally deliberate to have six live-work areas relying on market demand and prices.
The group has returned to the drafting board, nevertheless, after deciding to ditch the industrial part.
Barker stated there is no such thing as a timeline to ship the newly realized undertaking.
The Barker group bought the 30,000-square-foot property from the college district for $2.55 million because the district struggled to cut back working prices and fill gaps in its funds.
The district closed the college in 2010 as enrollment on the then-80-year-old college dwindled. College students had been relocated to Aspen Neighborhood Magnet Faculty, alongside college students from Kaune and Larragoite elementary colleges.
It remained vacant for a yr till Tierra Encantada Constitution Faculty, a bilingual constitution college, leased the campus. Tierra Encantada left the campus in 2017.
The Barker group stepped in with a proposal, which finally was accepted by the college board with the deal contingent upon Metropolis Council approval of zoning modifications for the property. The Metropolis Council authorized the modifications in 2018.
The zoning was modified from residential to business-Capitol district, the identical because the close by Railyard, the place David Barker’s actual property company is positioned.