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Local investors plan new commercial development

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Lisa Dunlap Photo KSBL Enterprises LLC, a local investor group, intend to construct a retail and office building on North Main Street.

Local investors plan to build a commercial project on North Main Street, near the Mescalero Road intersection.

Kurt Richardson, a partner in KSBL Enterprises LLC, said he and partner Bud Kunkel are in the planning stages for a retail and office center next to a commercial building already owned by the partnership.

“We are going to add to the existing building that is already there,” he said. “The new building and the existing will all look as one. The old building will be refaced and look just like the one that is going to be attached to it.”

Richardson said construction is expected to start in about six months, with TNT Construction of Roswell providing design-build services on the proposed project, called Landing Site Plaza, according to signs. Richardson stressed that the project still needs to go through city approval processes and that a completion date is not known.

Saying that he considers the location one of the best in town, Richardson said that potential tenants have been identified but that he was not able to divulge them at this time. The existing building at the corner of the intersection is occupied by a fast-food restaurant and a hair salon.

The investment group purchased the 50,759-square-foot vacant lot in 2017 from St. Mark’s Evangelical Lutheran Church, which is located on adjacent land on North Main Street.

New Mexico Secretary of State records indicate that KSBL Enterprises was formed in May 1999. County property records show that the group’s developed retail project on the corner parcel is about 34,000 square feet, with a 1,100-square-foot building.

Senior Writer Lisa Dunlap can be reached at 575-622-7710, ext. 311, or at reporter02@rdrnews.com.