Midtown site sale plan moves forward with 24 acres available for redevelopment

The Santa Fe City Council's Finance Committee has taken a significant step toward revitalizing the Midtown site, approving a proposed announcement for the sale or lease of 24.8 acres of land. This decision, made during the committee meeting on March 24, 2025, is part of a broader effort to redevelop the area in alignment with the Midtown Community Development Plan established in 2021.

Daniel Hernandez, Director of the Metropolitan Redevelopment Agency, presented the plan, which outlines a structured approach for engaging developers through a Request for Proposals (RFP) process. The committee emphasized the importance of transparency and outreach to attract a diverse range of developers, ensuring that the city receives competitive proposals for the site.

The 64-acre Midtown site will see approximately 24.8 acres available for development, excluding state-owned properties and public rights of way. The plan includes a mix of residential and commercial uses, with a strong focus on affordable housing. The committee highlighted the goal of achieving a minimum of 30% affordability across the development, addressing the pressing need for housing options in the community.

Hernandez noted ongoing discussions with the governor's office regarding the adjacent Tracto property, which is also being considered for affordable housing and commercial development. The committee is keen on ensuring that affordable housing is integrated throughout the site rather than concentrated in one area, promoting a balanced community.

The next steps involve finalizing the RFP, which is expected to be released in early April, with a closing date projected for June. The committee aims to create a streamlined process that encourages participation from developers while maintaining the city's development priorities.

This initiative marks a pivotal moment for Santa Fe, as the city seeks to transform the Midtown area into a vibrant, mixed-use community that meets the needs of its residents while fostering economic growth. The Finance Committee's approval sets the stage for a collaborative effort to shape the future of this key urban space.