South-side condominium project to feature three stories, 145 units

On the south side of town, a new condominium project featuring 145 units in a single three-story building will break ground in March with completion expected by May 2007.  The Alameda, as the project is called, is on a 9-acre site off Vegas Verdes that is behind the former Yucca Drive-In and next to The Lofts.  It is within walking distance of the Plaza Santa Fe, site of an Albertsons, Target and other retail stores and restaurants.  The developer is Houston real-estate executive Michael Kaplan through his Kaplan Acquisitions.  The 28-year old business has holdings in Texas and Florida and has developed properties in several states.  Sales are being handled by Robin Zollinger, Artie Garcia and Warren Sacks of Barker Realty.  The Alameda “has already received all its approvals” David Barker said, adding that critical comments from residents of The Lofts “have been addressed.”  Barker said Kaplan was encouraged to proceed with the project because of what he perceived as the need for reasonably priced condos in Santa Fe.  The one-and-two bedroom units, ranging in size from 645 to 1,275 square feet, will be priced from the low $200,000s to low $300,000s.  Garages also will be available for sale.  The units feature 10-foot ceilings, kiva fireplaces, stainless steel appliances and more.  Among other amenities are a heated swimming pool and a community center with a wine-tasting room.  The Alameda also will feature wireless Internet hook-up.  The community is expected to be one for active adults and those who want a second home in Santa Fe.  Condominium fees will start at $140 per month.   Sales agents are taking reservations for the project, and 20 investor units have already been sold, Zollinger said.