Albuquerque Journal (Albuquerque, NM)

La Cueva Town Center attracts Wells Fargo.

Byline: Retail Scene MICHELLE PENTZ Of the Journal

Chili's and International House of Pancakes have already signed on, and now the Northeast Heights' La Cueva Town Center commercial center is getting a bank.

Wells Fargo Bank New Mexico NA is breaking ground in May for a 6,000-square-foot retail branch next to the future Chili's at La Cueva, a 170,000-square-foot center at 8100 Wyoming NE near Paseo del Norte, said developer Ben Spencer. (Chili's breaks ground for its new restaurant in January.)

"Businesses are starting to see the Paseo corridor is going to be a great place in the future," said Spencer, president of Argus Development Co. "As the commercial market builds up out there, people are realizing they need to have a presence."

Wells Fargo agreed to purchase the 1 1/2-acre site near the main La Cueva entrance on Wyoming for an undisclosed price in a deal expected to close in January. …

Log in to your account to read this article – and millions more.