Netflix's arrival could lead to revitalization of long-gestating neighborhood
October 18, 2018 06:35 PM
ALBUQUERQUE, N.M. – Once the deal is done, Netflix's buying Albuquerque Studios is expected to bring $1 billion to New Mexico over the coming years, but the streaming giant's arrival in the Land of Enchantment might also revive a long-dead housing development in the area.
Mesa Del Sol was supposed to be the next best place to live in Albuquerque, but it hasn't worked out that way.
"You know, there were a lot of developments that were affected by the housing bubble (pop), and Mesa Del Sol is just another one of those," says Michael Fietz, a local New Mexican in the business of building houses.
Fietz is banking on a comeback for the once-promising area, having finished 13 lots in the prospective neighborhood and with another 31 acres purchased.
But the arrival of Netflix in the Duke City might set off a domino effect of other deals in the region, including the revitalization of this neighborhood.
"We're going to take it a notch further," said Steven Chavez, a developer for the neighborhood. "We're going to make it a safe, smart, sustainable city."
Chavez is working to develop Mesa Del Sol and said that, in a year's time, they will surpass the amount of progress made in the last decade.
He also hinted that Netflix won't be the only employer moving to the area.
"We have a lot of things coming up that you'll see in the next few months, with several jobs coming to New Mexico from outside the state," Chavez said.
City leaders aren't tipping their hand on what other companies could be on their way, but did say they belong in the sector of big brand tech. An announcement could be made in the coming weeks with more details.
For now, though, the plans for Mesa Del Sol are calling for more houses, more jobs and a lot more optimism.
"(With) Netflix here, it's the tip of the sword, we hope," Fietz said. "And I think other people will follow."
Updated: October 18, 2018 06:35 PM
Created: October 18, 2018 05:12 PM
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