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Landmarking is part of maintaining healthy neighborhoods—especially with retail, according to a Village Preservation, Greenwich Village Society for Historic Preservation recent study.
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%.