The126,500-square-foot mixed-use multifamily project is located on1.38 acres at 1107 Shepherd Dr.
HOUSTON—Houston's ever-diversifying economic engine continues tohum along, precipitating the need for more multifamily housing. Inresponse, Hunington Properties is moving forward on the developmentof a 126,500-square-foot mixed-use multifamily project located on1.38 acres at 1107 Shepherd Dr. in the Montrose/River Oakssubmarket. The six-story apartment building will include 168residential units, more than 20,475 square feet of ground-levelretail space and an above-grade parking structure with 305spaces.
Construction has now commenced with anticipated completion formid-2021. Parkview Financial provided a $38 million constructionloan to Hunington Properties for the project. Project financing wasarranged by Greystone Capital Advisors.
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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.
