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Building code strictness and insurance premiums rank among highest in the country.
The buyer is proposing to create a sports and entertainment destination site with affordable housing.
The intent is to preserve 35,000 rent-stabilized units affected by Signature Bank's collapse.
On the other hand, economic data released after the meeting took place suggest the economy may be slowing.
"At present, everything hinges on interest rates."
Houston has a highly competitive retail landscape with both elevated occupancy and rental rates.
The scarcity of new retail developments over the past decade has created a pent-up demand for fresh projects.
The 27-story mixed-use project will feature 400 market-rate and affordable rental apartments.
Getting deals done requires best in case sponsorship.
Overlooked opportunities often lie in plain sight, waiting to be recognized.
