August 13, 2026
Last November, an employee at Boultawn's Bagelry posted something desperate to the Santa Fe Foodies Facebook group. Guadalupe Street had been under construction for more than two years at that point, and the shop was barely hanging on. "This is brutally destroying our business at Boultawn's and other shops in the area," she wrote, and within a day the store had sold out completely, one social media post away from closing for good.
That was the mood on Guadalupe Street for most of two years. If you live in South Capitol and walk toward downtown the way most people here do, on foot, along the sidewalk that runs past the bagel shop and into the Railyard, you already know what that stretch felt like during construction. What you may not have clocked yet is that both halves of that walk are now resolving within the same year, one because a long, disruptive project finished last fall, the other because a much-delayed opening is finally arriving this season. Put together, this is the first summer where the walk from South Capitol into downtown works on both ends at once.
The Guadalupe Street reconstruction was not a quick repaving job. The project ran from Agua Fría Street to Paseo de Peralta, cost 11 million dollars in federal highway safety funds, and rebuilt a corridor that the City of Santa Fe says was originally designed in the late 1950s as a four-lane highway-style road rather than a place people were meant to walk. Work on the bridge section started in September 2023. A second phase began in January 2025. Businesses along the route spent that entire stretch dealing with torn-up sidewalks, rerouted traffic, and the kind of foot-traffic drop that nearly took down a bagel shop.
By August 2025, the city had reopened the rebuilt intersection at West Alameda and Guadalupe, and the final layer of asphalt went down soon after. The city's own project updates describe crews finishing striping and signage through the fall, closing out what had been the flagship project of Santa Fe's Complete Streets effort. You can read the play-by-play, road closures and all, on the City of Santa Fe's Guadalupe Street project page.
The rebuilt street isn't just repaved. It has six-foot accessible sidewalks on both sides, dedicated bike lanes, new drainage, and planted medians designed to slow traffic down rather than move it through faster. That last part matters more than it sounds like it should. The old four-lane design had a documented crash problem, with city traffic studies counting 340 crashes at analyzed intersections in a recent multi-year stretch. The rebuild was meant to fix that specific problem, not just freshen up the pavement.
For a South Capitol resident, the practical difference is a street you can actually walk without threading between parked contractor trucks or detour cones, one that connects cleanly into the Farmers' Market pavilion and the Railyard beyond it. The construction era that squeezed businesses like Boultawn's is over. What replaces it is a corridor built, on paper at least, to be walked rather than merely crossed.
Keep walking past the Railyard and you land near the Plaza, at the corner of Washington Avenue and Marcy Street, where a different multi-year project is finally close to done. Heritage Real Estate Co., the group behind Albuquerque's Sawmill Market, has spent nearly two years turning the ground floor of a historic bank building at 150 Washington Ave into a food hall called The Santa Fe Market. The company first announced it in late 2024 with a February 2026 opening in mind. By April 2026, that target had slipped to late August or early September. As of early July, Heritage Co. President Adrian Perez was still describing the opening as a few months out, which lines up with that late-summer window rather than contradicting it. Given today's date, the opening is either happening now or landing within the next few weeks.
The space itself is a repurposed First Interstate Bank building, and the old vault is becoming a cocktail bar, which is the kind of detail that tells you the developer is leaning into the building's history rather than gutting it. Perez has said the goal is "something different, but I think it's something Santa Fe needs," positioning it as a fast-casual counterpart to the city's sit-down restaurant scene rather than a replacement for it.
The vendor list has moved around slightly as the opening date has, reported at 17 vendors in one count and closer to 19 in more recent reporting, but the shape of it has stayed consistent:
For scale, Santa Fe's only existing food hall, CHOMP on Cerrillos Road, runs five or six vendors. The Santa Fe Market is being built at closer to three times that size, in a much more walkable location relative to South Capitol.
Here is the detail that actually matters if you already eat on South Guadalupe Street. Kuidore and The Cluckery are both being opened by the Buttermilk Restaurant Group, the same operators behind Capital Coal Neighborhood Eatery at 326 S. Guadalupe St, which already shares space with Catch Santa Fe Poke Co. Sarah Weiss, one of the group's partners, got her start at Coyote Café and has spent years running Notorious P.O.K.E. at Sawmill Market in Albuquerque before bringing that experience back to Santa Fe.
That means the new anchor at the far end of the walk isn't an outside chain parachuting into downtown. It's the same kitchen operators already feeding South Capitol, opening two more concepts a short walk further north. If you already know Capital Coal, you already know something about what's coming.
None of this required South Capitol to wait for anything new to have somewhere to eat close to home. Clafoutis has been the neighborhood's French bakery and breakfast spot for years, known for pastries and a lunch menu that keeps people coming back. Restaurant Martín handles the upscale end with a seasonal New American menu, and Saveur Bistro turns breakfast and lunch into something closer to a full meal, lobster crepes included.
Past those, the Railyard has run on the same weekly rhythm for two decades. The Santa Fe Farmers' Market has operated there since 1999, open Saturdays year-round with produce, meats, cheeses, and chile from growers across the region. The Railyard Artisan Market takes the same pavilion on Sundays from 10am to 3pm. Through the summer, the Railyard Plaza hosts a Friday night concert series, and Railyard Park runs family movie nights on select Saturdays. None of that changed this year. It's just now sitting at the far end of a corridor that finally works the way it was supposed to, with a new destination arriving right on schedule at the other end.
That's the actual shift worth naming. Not one new opening, but two long, separate timelines resolving in the same season, on the same walking route, with the neighborhood's own kitchen crew showing up at both ends of it.
If you spend time in South Capitol and want a local read on what's changing a few blocks over, the team at Mark & Chase Rochester, Summit Group keeps close watch on exactly this kind of shift across Santa Fe's neighborhoods. Contact us anytime you want the ground-level version before it shows up everywhere else.
What to Do After a Home Inspection in Santa Fe.
How Real Estate Contingencies Work in a Santa Fe Contract.
What Happens During a Home Appraisal, Explained for Buyers.
A Santa Fe Guide to Understanding Home Appraisals.
Summit Group Real Estate Professionals offers unmatched real estate expertise in Northern New Mexico with over 35 years of market knowledge. Our team combines local roots with global reach through Berkshire Hathaway HomeServices, providing dedicated service for both buyers and sellers.