Total Management Systems and Allen Sigmon Real Estate Group took the next step for its latest Uptown project by breaking ground on a new-to-market hotel.
In September, the two Albuquerque development companies confirmed they were building the state’s first Element by Westin hotel, a project that sat in their pipelines for about two years. Total Management System’s development and design manager Adriana Gronager said preliminary construction began on Jan. 17 to get the pad site ready. In a matter of weeks, Gronager expects construction to start building vertically for the seven-story hotel and for it to be completed by the third quarter of 2023.
Originally reported on ABQ Biz First:
Allen Sigmon Real Estate Group is a full-service commercial real estate company based in Albuquerque with expertise in acquisitions, brokerage, development, and property management. As a local company, we pride ourselves in our knowledge of the New Mexico commercial market and the relationships we are able to foster compared to larger national firms. Our office works with every kind of commercial property; including office, industrial, retail, land, and multifamily.
Our understanding of client needs and concerns not only comes from our experience as an office but also as owners and investors of commercial property ourselves. We have an excellent team in place that is eager to work on your behalf; our results speak for themselves.