On June 30, University of New Mexico’s Board of Regents approved a land-transfer of 38-acres of University land that will become the Lobo Retail Crossing Center. The center seeks to provide students at Lobo Village and the surrounding areas, including the University’s sports arenas, with easy access to grocery stores, restaurants, and merchandise shops.

The site was purchased by SimonCRE, a commercial real estate company based in Phoenix, Arizona. The site is located on the west side of University Boulevard, south of Sunshine Terrace and north of Gibson Boulevard, on the south campus of UNM.

The property will provide a “much-needed” space of general merchandise and food centers for students living at Lobo village, patrons of the athletic complex, and the employees of the Science and Technology Park, Tom Neale, chief operating officer of the Lobo Development Corporation, said.