SITE: Blue Linx Site at Sawmill Development – North of Natural History Museum, South of Flamenco Institute 

 

LAND: Sawmill Community Land Trust – Owns the 2.5 acre plot of land, to be leased long-term

 

DEVELOPER: Chad Rennaker, Palindrome Communities – Based in Portland, Oregon, Palindrome is the developer of existing housing and the Ponderosa Brewery at the Sawmill Development as well as the recent El Vado redevelopment project in Albuquerque.

 

ARCHITECT: Olson Kundig – Based in Seattle, Washington, Olson Kundig is one of the leading architectural firms in the world, with a wealth of experience designing museums and cultural institutions across the country and the world.

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CONSTRUCTION: Chad Rennaker, PacifiCap

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ARTS CENTER MANAGEMENT: Sawmill Center Inc – the nonprofit organization which was formed as a support organization for 516 ARTS and The Outpost Performance Space, will own and manage the arts spaces.

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HOUSING MANAGEMENT: PacifiCap – The housing units adjacent to the museum will be owned and managed by PacifiCap for Chad Rennaker.

 

FOOTPRINT: 76,000 square feet (32,00 sq ft arts center + 44,000 sq ft housing)

516 ARTS: 10,800 sq ft + Outpost: 10,800 sq ft + Sawmill Center, Inc./Community Spaces: 10,400 sq ft

 

TOTAL DEVELOPMENT COST: Construction, Architect, Permits, etc.

ARTS CENTER: $8,000,000 (funded by the Arts Center Capital Campaign)

HOUSING: $9,300,000 (funded by PacifiCap)

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ARTS CENTER CAPITAL CAMPAIGN GOAL: $10,000,000
Total Development Cost ($8,000,000) + Equipment & Furnishings ($800,000) + Planning & Development ($500,000) + Reserve Fund ($500,000) + Contingency ($200,000) = $10,000,000

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