Los Alamos Plaza approved to break ground

Demolition equipment is poised to level the Los Alamos Inn complex next month to clear the way for a mixed-use project for which the county has just granted a building permit.

Developer Dan G. Zerfas detailed the three-phase commercial, retail and residential project during an onsite interview Tuesday.

Phase 1 takes place during the next 15 months at a cost of $15 million. It includes construction of a four-story building fronting on Trinity Drive and overlooking Ashley Pond. The structure consists of 42,000 sq. ft. of office and retail space on the lower three floors with 14 luxury penthouses on the top floor.

“We’ve got reservations on 12 of the 14 penthouse suites,” Zerfas said. “We also have 12,000 sq. ft. of commercial space under lease or sale agreements and we’re talking to a number of potential tenants. We expect a lot more interest once people understand what we’re doing.”

Phase 2 is scheduled to take place in the latter part of 2009 at the rear of the complex. It calls for a four-story building with 28,000 sq. ft. of offices on the lower two levels and 28 luxury penthouses and condominiums on the third and fourth floors. A second building is planned in phase 2, which will feature 21 townhomes overlooking the canyon and a 350-space parking garage.

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