| Silver Gardens is a mixed-income affordable housing rental development that is providing new, much needed low-cost housing options to residents of downtown Albuquerque. The Silver Gardens development is a key ingredient of the master plan created by Jonathan Rose Companies’ southwest affiliate Romero Rose for the redevelopment of two and one-half vacant city blocks across from Albuquerque’s newly renovated Alvarado Transportation Center. Silver Gardens will be complemented by two other components of this development plan: Elements, a for-sale townhome cluster, and Green Commons, a green commercial development.
Silver Gardens serves the widest tenant income mix possible, ranging from market-rate to very-low-income and previously homeless tenants. Romero Rose has joined forces with a non-profit social services provider, the Supportive Housing Coalition of New Mexico, as co-developer and co-owner of the project. Our partnership supports local non-profit capacity and ensures that the right services will be provided to those tenants needing various forms of training, assistance and support.
Silver Gardens’ design features a four-story U-shaped building that wraps around a 15,011 square foot courtyard offering native drought tolerant landscaping and a contemplative element designed by a Native American artist.
Green features of Silver Gardens include rooftop rainwater collection for irrigating the landscaping, a solar photovoltaic system constructed on the (adjacent) parking garage carport to provide electricity to the common areas, and a roof-mounted wind turbine. Silver Gardens has achieved LEED Platinum certification, and has met Enterprise Green Community and EPA Energy Star criteria—the first affordable housing project to do so in the Southwest. Silver Gardens is also the first affordable housing project in the U.S. to conduct a carbon offset transaction, earning income for over 1000 tons of averted CO2 emissions from the Enterprise Green Communities Offset Fund.
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