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In the past four or five years, mixed-use projects have become part of our culture, and we are embracing this asset class more as an extension of everyone's life, say speakers at PCBC.
Demand is due to an increase in plastic pellet resin exports from the Port of Houston by some 20% as six new resin production plants open by 2020, in addition to population growth and retailer changes in distribution models.
Completion of LBJ Freeway turned this area from the forgotten dead spot between Dallas/Park Cities and Plano/Frisco into a highly accessible midpoint, and land is affordable compared to other suburbs.
“With the country in the middle of an affordability crisis, it's important for renters to understand how much they can save if they renew their lease instead of finding a new rental,” says Zillow's Svenja Gudell.
L+ M Development, which is headquartered in Larchmont, NY, and New York City-based Tahl Propp Equities are expected to begin construction this month on the 400-unit development at 1465 Park Ave.