| Silver Gardens is a mixed-income affordable housing rental development that will provide new, much needed low-cost housing options to residents of downtown Albuquerque. The Silver Gardens development, of which this project is the Second Phase, is a key ingredient of the master plan created by Jonathan Rose Companies 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 complement two other components of the development plan: Elements, a for-sale townhome cluster, and Green Commons, a commercial development.
Silver Gardens will serve 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 nonprofit social services provider, the Supportive Housing Coalition of New Mexico, Inc., as co-developer and co-owner of the project. Our partnership supports local nonprofit capacity and ensures that the right services will be provided to those tenants needing various forms of training, assistance and support.
Silver Gardens’ award-winning 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 rainwater collection for recycling of water and wind and solar energy elements to supplement the building’s environmentally responsible energy efficiency program. Silver Gardens has LEED® Platinum certification and is the first affordable housing project in the United States to conduct a carbon offset transaction; the finished project will have sold over 500 tons of CO 2 equivalent to the Enterprise Green Communities Offset Fund.
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