History
Mesa del Sol was approved as part of a public-private partnership strategy with the State of New Mexico, City of Albuquerque and University of New Mexico and has been planning stages since the 1980s. In 2002, the New Mexico State Land Office selected Forest City as the developer of Mesa del Sol in an open bid process and the project broke ground in 2005 with University Boulevard extended to the community. Forest City Enterprises and Covington Capital Partners were the initial developers.
On March 17, 2011, Forest City announced that on March 28 it would break ground on the first phase of its residential development. Forest City plans to build 250 homes and models in the first phase, including infrastructure, and has selected four home builders including Rachel Matthew Homes, RayLee Homes, Paul Allen Homes and Pulte Homes. Builders estimate by early 2012, homes will be available for residents. The homes will range from 1,200 to 2,700 square feet (110 to 250 m2) in size and will cost between $100,000 and $300,000.
Read more about this topic: Mesa Del Sol
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