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Brookfield Properties is transforming four acres of empty parking lots and underutilized buildings into a walkable development with housing, public open spaces, offices, retail and restored historic buildings.
Not only is a Rainey District property setting a high bar for its construction loan amount of $87.9 million, but also as one that is allowing short-term rentals rather than restricting them.
Average monthly rents near $1,700 for Houston's urban core mid-rise developments top the prices for similar projects in spots such as the Galleria-Uptown, Katy and The Woodlands by 10% to 15%.
The county's 62-page petition challenges the city mayor's veto of plans to substantially alter the theater on the National Register of Historic Places.
The Domain qualified for a Green-Up execution, which removed the transaction from Freddie Mac's annual production cap, allowing Freddie Mac to offer additional interest rate savings to Prime Residential.
The partnership will inject capital for enhanced tenant amenities and activated outdoor corridors at The Terrace at Solana, infusing a work/life process to incorporate health and wellness features there.
More companies are relocating to Austin, which in turn, attracts more residents, and as the popularity of online shopping continues to grow so will the industrial real estate that serves those residents.
Legal counsel can assist with assembling smaller parcels for a larger project, creating contracts to build complicated developments or negotiating knotty leases for tenants to occupy multi-use properties.
RealPage released a new report that takes a deep dive into the top five markets' urban cores, Austin, Philadelphia, Houston, Chicago and Cleveland, with the highest downtown premium apartments.