HOUSTON-Cypress Gardens Rykara has purchased 9 acres of land near South Lake Houston Parkway from NW/Wally. The plot is located on the north side of U.S. 90 between Beltway 8 and Interstate 10 East.
Cypress Gardens Rykara has plans to develop a senior apartment community consisting of 100 units at the site. Financing for the construction work is being provided by Sterling Bank. In the deal, the buyer was represented by JaNar Consulting, and the seller was represented by Prime Capital Corp. For the full story, go to Houston Chronicle .
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