Tuesday 22nd August, 2017
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major-developer-plans-new-los-ranchos-shopping-center

Major developer plans new Los Ranchos shopping center

Business Journal - Tuesday 20th June, 2017

A new development is aiming to bring more retail and restaurant options to the Village of Los Ranchos de Albuquerque.

Located on the corner of Fourth Street and Sandia View Road, sits a property Peterson Properties President Douglas Peterson said he purchased in 2008. A house previously occupied the land, Peterson said, but it was demolished to make way for a new project.

But then the recession hit and Peterson hadn't done anything with the property ' which he purchased for $600,000 'for years....

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