Bella Luna and San LucasBella Luna and San Lucas are located at 5621 Westward St. and 6111Glenmont Dr. in Houston.

HOUSTON—A $29 million refinance has kicked-off the redevelopmentof two Southwest Houston multifamily communities: Bella Luna andSan Lucas. Totaling 780 units in 19 buildings, the two communitiesare owned by Southern California-based Bolour Associates Inc., aprivately owned real estate investment, development and financecompany, and Houston-based investment and management firm MBMIGlobal LLC.

The redevelopment project will transform the class-C Bella Lunaand San Lucas complexes with new kitchens and bathrooms, upgradedinteriors, and renovated landscaping, exteriors and common areas.Renovation activity at Bella Luna and San Lucas is now underway,with expected completion in September 2020.

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.