Rembe Urban Design + Development

What Rembe Urban Design + Development does

Rembe Urban Design + Development is a privately held, family-owned real estate development firm headquartered in Albuquerque, New Mexico, specializing in placemaking, urban infill housing, and adaptive reuse of historic buildings. The company develops, owns, and operates a portfolio of residential and mixed-use properties across Albuquerque and Santa Fe, including luxury apartments (The Franz, 58 units), cottage-style Build-for-Rent communities (Griegos Farms, 90 cottages across 10 acres), workforce housing (The Downtowner, 247 planned units in partnership with the City of Albuquerque's MRA), cohousing (Cohousing ABQ, 25 homes), live/work lofts (Silver Lofts, Pacheco Street Lofts), and adaptive reuse projects (the historic Sandia Theater repurposed as the Aveda Institute and Vinaigrette restaurant). The firm holds all assets for the long term and does not sell, reflecting a buy-and-hold investment thesis rather than a development-for-sale model.

The business generates revenue through two primary streams: recurring rental income from its directly operated residential and commercial portfolio, and property management services delivered by an in-house team. Distribution is entirely direct-to-consumer — the company markets properties through its own website with property-specific landing pages, maintains a LinkedIn and Facebook presence, and operates leasing and maintenance through internal staff led by Leasing Manager Micaela Eldridge. Pricing is monthly recurring rent, with The Downtowner offering below-market rates for the Missing Middle (60%-120% AMI) and The Franz positioned as a premium urban luxury product. The portfolio maintains near 100% occupancy year-round across managed properties, and Cohousing ABQ reached nearly 92% pre-sold prior to groundbreaking, indicating strong demand across both rental and for-sale formats.

Operationally, the company is lean, with 7 employees including CEO Jay Rembe, Director of Operations Heather Gallegos, Project Architect Kenny Myers, Development Associate Jack Rembe, Leasing Manager Micaela Eldridge, and two maintenance technicians. Execution relies on a network of New Mexico-based implementation partners — Insight Construction, Mullen Heller, ABQ Engineering, and Enterprise Builders — with the City of Albuquerque's Metropolitan Redevelopment Agency as the most significant strategic partner for workforce and redevelopment projects. The company has accumulated multiple design awards since 2005, including AIA Merit Awards, NAIOP Awards of Excellence, and AIA Santa Fe Design Excellence Awards, underscoring its design-led positioning in the regional development market.

Name

Rembe Urban Design + Development

Legal name

Rembe Urban Design + Development

Website

https://rembedesign.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

1–10 employees

Short description

Rembe Urban Design + Development is a family-owned real estate development firm in Albuquerque and Santa Fe, New Mexico, specializing in placemaking, urban infill housing, and adaptive reuse of historic buildings, with a portfolio of apartments, cottages, cohousing, and mixed-use properties held long-term.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

Residential Remodelers (236118), Residential Building Construction (2361), Residential Building Construction (23611)

SIC

General Bldg Contractors - Residential Bldgs (1520), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Residential Design-Build & Renovation-Integrated Builders (IMAFABAE)

akta.pro secondary industries

Renovation, Remodeling & Tenant Improvements (General Contracting) (IMAFAAAE), Architectural Reconfiguration & Structural Alterations (HSAPAEAB)

Keywords

• Urban real estate development
• Workforce housing development
• Mixed-use property development
• Adaptive reuse development
• Residential property management

Headquarters

HQ city

Albuquerque

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Residential and Commercial Property Leasing: The company develops and holds residential and commercial properties for the long term, generating recurring rental income from tenants. Properties include apartments (The Franz with 58 units, El Parador with 20 units, The Downtowner with 247 planned units), cottages (Griegos Farms with 90 units), mixed-use developments (Country Club Plaza), and cohousing communities.
2. Property Management Services: The company manages its own portfolio of properties through an internal team including a Leasing Manager and Maintenance Technicians, generating management income while maintaining near 100% occupancy year-round.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Rembe Urban Design + Development is a real estate development firm that specializes in placemaking by developing urban housing within Albuquerque and Santa Fe, New Mexico. The company designs, develops, owns, and manages a portfolio of residential and mixed-use properties including apartments, cottages, live/work lofts, cohousing communities, workforce housing, and adaptive reuse projects, holding all assets long-term.

Product overview

Rembe Urban Design + Development is a real estate development company that specializes in urban housing development, placemaking, and mixed-use properties in Albuquerque and Santa Fe, New Mexico. Their portfolio includes luxury apartments (The Franz with 58 units), cottage-style Build for Rent projects (Griegos Farms with 90 cottages), cohousing communities (Cohousing ABQ with 25 homes), workforce housing (The Downtowner with 247 units), live/work lofts (Silver Lofts, Pacheco Street Lofts), adaptive reuse of historic buildings (Aveda Institute, Vinaigrette), and mixed-use developments (Country Club Plaza). The company holds assets long-term with no intention of selling, focusing on urban environments that enable residents to bike to work and walk to restaurants.

Differentiator

Problem solved

Functional benefit

Products and services

• The Franz A 58-unit luxury apartment building located in West Downtown Albuquerque at Country Club Plaza, featuring an amenity lounge with fireplace, shared kitchen, work spaces, conference room, east-facing courtyard, grilling area, gym, dog walk area, rooftop deck, gated parking, and storage. Named for German immigrant and Albuquerque pioneer Franz Huning.
• Griegos Farms A build-for-rent community of 90 freestanding one- and two-bedroom cottages spread across 10 acres in Albuquerque. Units are grouped into pods of 7-10 facing internal shared courtyard spaces, with a farm-style community building featuring executive offices, gym, and communal kitchen.
• El Parador A 20-unit apartment community near the University of New Mexico and the Brick Light District in Albuquerque, featuring one-bedroom apartment homes with bungalow-style design elements, front porches, and stoops nestled among single-family residences. Co-developed with Allen Lewis.
• Cohousing ABQ A 25-home cohousing community with a mix of 1, 2, 3, and 4-bedroom energy-efficient homes across nine structures, including a common house with gardens, orchards, children's play areas, and a swimming pool. Targeted at families, multigenerational households, couples, and singles seeking intentional community living.
• The Downtowner A workforce housing project with 247 efficiently designed apartment homes, 14 co-working spaces, and a 1,000 SF cafe. Units range from 325 to 650 square feet targeting the Missing Middle (60%-120% of AMI) at substantially lower rents than nearby options, with two outdoor courtyards, a pet park, fitness center, and grills. Developed in partnership with the City of Albuquerque's Metropolitan Redevelopment Agency.
• Silver Lofts Phase I live/work lofts with 18 units ranging from 1,050 to 1,600 square feet, configured around an auto mews with garages. Ground-level work and retail spaces front onto Silver Avenue and 8th Street, with 17-foot-high main spaces, line kitchens, living areas, loft space, and cantilevered metal balconies. Award-winning project.
• Pacheco Street Lofts 15 open-plan live/work lofts ranging from 667 to 1,014 square feet, located directly on Santa Fe's rail trail adjacent to the Rail Runner train station. Three-story units are configured around a courtyard with views of downtown, Jemez and Sangre de Christo mountains, featuring cantilevered steel balconies on the third level. Award-winning project.
• Country Club Plaza A 3.3-acre mixed-use development along Route 66 (Central Avenue) in Albuquerque, situated between Downtown and Old Town. Features adaptive reuse of three historic buildings with construction of three new buildings, housing retail, restaurants, offices, and residential. The site was vacant for 15 years before revitalization.
• Vinaigrette A green-certified restaurant in the repurposed historic Sandia Theater on Route 66, featuring salvaged flood-damaged Dixon apple farm trees for flooring, exposed original steel trusses, private landscaped garden, and outdoor patio. Committed to organic produce and local vendor sourcing.
• Aveda Institute Adaptive reuse of the historic 1946 Art Deco Pueblo-style Sandia Theater (vacant for 14 years, then an auto repair shop for 35 years) into an Aveda Institute salon and corporate offices for Mark Pardo, including spa retail services and a call center generating new employment.

Quantifiable outcome

• Near 100% occupancy year-round across managed properties
• +1 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eleven partnerships are on record, tiered flagship, core and minor.

• Metropolitan Redevelopment Agency (MRA)flagshipStrategic or Co-development PartnerThe Downtowner is developed in partnership with the City of Albuquerque's Metropolitan Redevelopment Agency (MRA). This is a workforce housing project with 247 apartments, 14 co-working spaces, and a 1,000 SF cafe, directly adjacent to the city's new rail trail.
• Infill SolutionscoreStrategic or Co-development PartnerInfill Solutions was co-founded by CEO Jay Rembe in 2001 and merged into Rembe Urban Design & Development in 2012. Infill Solutions co-developed Country Club Plaza, Silver Lofts, and Pacheco Street Lofts with Rembe.
• Allen LewiscoreStrategic or Co-development PartnerEl Parador is co-developed with Allen Lewis. The project features 20 one-bedroom apartment homes near the University of New Mexico and the Brick Light District.
• Insight ConstructioncoreImplementation/ SI/ Consulting PartnerInsight Construction serves as the general contractor on The Franz, Vinaigrette, and Country Club Plaza projects. They are a New Mexico-based construction company.
• Mullen HellercoreImplementation/ SI/ Consulting PartnerMullen Heller is the architect on The Franz and Vinaigrette projects, providing architectural design services for these urban developments.
• ABQ EngineeringcoreTechnology or IntegrationABQ Engineering serves as civil and structural engineers on Country Club Plaza, Silver Lofts, and Pacheco Street Lofts projects.
• Enterprise BuilderscoreImplementation/ SI/ Consulting PartnerEnterprise Builders is the contractor for Silver Lofts and Pacheco Street Lofts in Santa Fe.
• Heads Up LandscapeminorImplementation/ SI/ Consulting PartnerHeads Up provided landscape design for the Vinaigrette project, contributing to the private landscaped garden and outdoor patio.
• O'Kane MarketingminorGTM or Marketing PartnerO'Kane Marketing provided renderings for the Griegos Farms project.
• RipeminorGTM or Marketing PartnerRipe provided branding services for the Griegos Farms cottage community project.
• Kenneth Myers @ Rembe Urban DesigncoreImplementation/ SI/ Consulting PartnerKenneth Myers, Project Architect at Rembe Urban Design + Development, serves as architect on Griegos Farms and El Parador projects.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• American Homes 4 Rent: Large publicly traded single-family rental REIT focused on BFR and scattered-site rentals; broader-scale peer to Rembe's Griegos Farms cottage BFR model in category and customer (renters seeking detached-home living).
• The NRP Group: National multifamily developer and owner with deep workforce and affordable housing exposure; relevant incumbent comparable to Rembe's multifamily development approach, especially for The Downtowner-style workforce product.
• Tricon Residential: Large publicly traded single-family rental operator focused on US workforce renters; broader scale peer to Rembe's cottage BFR and workforce housing thesis, though operating at materially greater scale and geographic scope.
• Invitation Homes: Largest US single-family rental operator; broader-scale comparable in BFR/single-family rental category to Rembe's Griegos Farms community, though at materially greater scale and with a different geographic footprint.
• Pretium Partners: Specialist real estate investment manager focused on single-family rental and housing finance; broader-scale peer comparable to Rembe's BFR cottage and workforce housing strategy in the residential rental investment category.

Regional players

• Mark III Construction: New Mexico-based general contractor that already serves as contractor on multiple Rembe projects (The Franz, Vinaigrette, Country Club Plaza); strong regional peer comparison reflecting the same NM construction and development ecosystem.
• Dekker/Perich/Sabatini: New Mexico-based architecture and engineering firm with deep urban infill and community design experience; comparable as a regional design-build peer reflecting the same NM urban design and placemaking ecosystem Rembe operates in.

Direct peers

• Jonathan Rose Companies: Mission-driven urban real estate developer focused on affordable and workforce housing, mixed-use, and community-oriented placemaking; highly comparable to Rembe's placemaking, Missing Middle, and adaptive reuse approach.
• Pangea Real Estate: Urban workforce housing operator focused on the missing middle in major US metros; directly comparable to Rembe's Missing Middle / Downtowner strategy of providing quality rental housing to working families at below-market rents.
• RangeWater Real Estate: Build-for-Rent developer and operator of single-family rental communities across the US Sunbelt; comparable to Rembe's Griegos Farms BFR cottage community in product type (purpose-built rental detached homes in amenitized pods).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/rembedesign
• LinkedInlinkedin.com/company/rembe-urban-design-development

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rembe Urban Design + Development