Avenue Station

HOUSTON—The Near Northside neighborhood was designated as one ofmayor Sylvester Turner's five Complete Communities last year. Andnow, Avenue and the city'shousing and community development department have officiallyunveiled AvenueStation, a new affordable multifamily development in thatneighborhood.

The $13 million development, which completed construction inlate 2016 and is currently 100% leased, was funded primarilythrough the second round of the general land office disasterrecovery funds administered by the city after Hurricane Ike in2008. It received additional funding from Capital One, HoustonEndowment, Local Initiatives Support Corporation, JP Morgan Chase& Co. and National Equity Fund.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.