Developing A Property

West Wood’s brokers have a vast array of talent and experience in small and large developments in New Mexico. 

West Wood has developed everything from small single tenant developments to master planned communities from the 17,000 acre Thornton Ranch-Galisteo Basin project near Santa Fe to 9 acre retail subdivisions.   West Wood brokers have developed commercial and residential subdivisions, built five community shopping centers, numerous office buildings, restaurants, and other commercial and industrial buildings.  West Wood develops land and buildings for a variety of clients.

West Wood is completing the sale and/or development of the last few parcels of the 1,150 acre master planned community referred to as the Seven Bar Ranch - Cottonwood Retail Development in Northwest Albuquerque.  One of West Wood’s brokers was an owner and managing partner for this development which he started from raw land in 1972 to a fully developed project with a $25 million Special Assessment District in the City of Albuquerque to help complete the entire infrastructure needed to serve its users.  The Seven Bar-Cottonwood project, originally owned and developed by one of West Wood’s owners, includes  a 1.2 million square foot regional shopping center (Simon Group’s Cottonwood Mall), two power centers, a regional auto park, residential subdivisions, apartment projects, offices, and industrial sites.  Now that the Seven Bar-Cottonwood project is nearing completion, there is over four million square feet of commercial development and over 600 acres of residential development in this community. 

In the early 1980’s, West Wood brokers worked with Intel Corporation to help the chip giant develop their 1.2 million square feet of micro chip plant in the City of Rio Rancho adjacent to the Seven Bar-Cottonwood project.  The Seven Bar Ranch, managed by a West Wood broker, donated over 2.5 miles of wastewater line easements and paid over $140,000 cash to help fund the Intel line that was vital to the development of Intel in New Mexico.  The jobs created by Intel made the Seven Bar-Cottonwood project the most dynamic project in the Metro area during its prime development period.   

West Wood has now turned its attention to several new major developments: 1) The new 6,700 acre Quail Ranch mixed-use planned community, 2) a 360 acre planned community in Downtown Rio Rancho named City Centre, and, 3) a new 535 acre mixed-use planned community named Paseo Gateway in the City of Rio Rancho.  West Wood is currently negotiating a 272 acre new residential subdivision adjacent to the new $109 million Sue Cleveland High School in its Paseo Gateway project.   

One of West Wood’s owners was also a development partner in the Renaissance project that includes a power center with Costco, Sam’s Club, Home Depot, REI, and Sports Authority as retail anchors.   West Wood developed the Summit high rise office building in the Seven Bar Ranch project as well.  West Wood is experienced in a broad variety of land and improved property developments.