Sterling Downtown is a new apartment community at eight and Silver in Albuquerque comprised of 28 efficiency, 67 one-bedroom, and 12 two-bedroom apartments. It is home to individuals and families with incomes at or below 30 to 60 percent of the Albuquerque median income. Six units are ADA accessible and the remaining 101 units are adaptable for individuals with disabilities. Six units have been set-aside for households with special housing needs and are being leased in partnership with Help New Mexico.
To fund the project, Bernalillo County issued an $8.6 million Multifamily Housing Revenue Note and City of Albuquerque contributed $4 million through the Workforce Housing Trust Fund. The New Mexico Mortgage Finance Authority awarded $594,218 in Low Income Housing Tax Credits and $1 million through the New Mexico Housing Trust Fund. The developer was the Greater Albuquerque Housing Partnership, the architect was Dekker/Perich/Sabatini and the general contractor was Bradbury Stamm.
“Today we are excited for all the residents that have chosen to call Sterling Downtown their home,” said Felipe Rael, Executive Director of the Greater Albuquerque Housing Partnership “the best part is that residents will keep more money in their pockets thanks to the energy efficient design and affordable rents.”
Sterling Downtown is designed to achieve LEED certification incorporating water saving measures, locally sourced building materials, low VOC sealants, solar hot water heaters, and a 48kW solar carport.
Sterling is the first building in New Mexico to be registered with the WELL Building Institute. WELL combines best practices in design and construction with evidence-based medical and scientific research to harness buildings as vehicles that can support the health and well-being of residents.
Resident amenities include bike storage and repair space, indoor dog wash area, exercise room, bulk storage and a 4th-floor internet café with a rooftop deck. The lobby area includes a coffee shop that will be operated by Plata Coffee.
Each apartment home includes a washer and dryer, built-in desk and stainless-steel appliances. The zoo and downtown growers market are within walking distance of Sterling.