Studios at Parkway Phase 1 Completed
Introduction
Palo Santo’s flagship operation, the Studios at Parkway, Phase 1 is complete. This new commercial development is situated in Santa Fe’s burgeoning Siler Rufina District, a hotspot for arts and industry that is housed in one of Santa Fe, New Mexico’s Opportunity zone. All units in Phase 1 have been sold or are currently being leased.
Location Highlights:
- Proximity to Key Attractions: The location is within walking distance from popular sites like Meow Wolf and the Rufina Taproom.
- Business Park Adjacency: It’s right next to the bustling Richards Avenue Business Park, featuring over 100 small businesses.
- Scenic Views: Although located in a commercial-industrial area, the development offers views of the Sangre de Cristo mountains.
- Outdoor Amenities: The project is adjacent to city open spaces and trails along the old Acequia Madre.
- Housed in one of Santa Fe, New Mexico’s Opportunity Zone
Phase 1 Details
Phase 1 is completed
- 15 commercial condominiums, 1600 sf each
- Contemporary, open floor plan move in ready
- Ideal for small business owners and investors
- Opportunity zone tax credits: Want to learn more? Check out our Instagram post (@PaloSantoDesignsLLC) with some key information about Opportunity Zone tax credits https://www.instagram.com/p/C8x1grCvI18/ and read about Opportunity Zone directly from the IRS website: https://www.irs.gov/newsroom/opportunity-zones
- Priced competitively at $525,000, these units offer attractive Opportunity Zone tax credits.
- All Units have been sold or leased in Phase 1
Phase 2 Plans
- Phase 2, scheduled to break ground in Fall 2024, will add 14 more units with completion slated for Spring 2026.
- Completion scheduled for spring 2026
- Presales are currently underway, reserve your unit now. For more information on leasing, reach out to Leslie Giorgetti at [email protected].
Siler Rufina District: A Business Haven
The Siler Rufina District is vibrant and unique, home to an array of locally-owned small to medium-sized businesses. The area is peppered with restaurants, coffee shops, offices, light industrial workspaces, and warehouses. Studios at Parkway are Santa Fe’s newest commercial, industrial, flex-use development with units available for sale or lease in one of Santa Fe’s most prized Federal Opportunity Zones. Studios at Parkway is located in a designated Federal Opportunity Zone has numerous investment and tax incentives for both the ownership of real estate and for business owners.
The development is well positioned at 1189 Parkway Drive, directly adjacent to the thriving Richards Avenue Business Park which has over 85 successful and prosperous local businesses. Studios at Parkway is within a short walking distance from the internationally acclaimed Meow Wolf, an immersive art and music venue that, along with playhouses, galleries and local restaurants and breweries such as the Rufina Taproom, Kakawa Chocolate House and Leaf and Hive makes these Studios an ideal business location. Additionally, many residents are moving to the area with the development of the luxury apartments, Markana de Santa Fe, and the artist rental housing development at Siler Yards.
- Limited Leasing: While there are still some lease opportunities in the district, Studios at Parkway is one of the very few offering for sale.
Developer’s Vision: Palo Santo Designs
These new, Studios at Parkway are designed and built by Santa Fe’s award-winning Architecture and Construction firm, Palo Santo Designs. This firm has over 20 years experience in design and construction of unique commercial spaces and one of a kind custom homes. This development will feature a distinctive architectural design, quality construction and energy efficient building principles. Studios at Parkway will offer businesses a new meaningful and fresh environment to thrive in Santa Fe.
- Ownership Opportunities: The Studios are intentionally designed to provide ownership opportunities for local small businesses.
- Size and Price: With an approximate gross floor area of 1600 square feet and a pricing model targeted at owner-occupied businesses, the Studios at Parkway are poised to be a significant addition to Santa Fe’s business community.
For any inquiries or interest, do not hesitate to reach out to Leslie Giorgetti at [email protected] get purchase or lease yours today.
