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.
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