Keep it between $10-$20 million and Houston's in
If the past is any indicator, odds are good the city of Houston will cough up millions to a Dallas developer who wants to turn the old Texaco building into a mixed-use development:
A Dallas developer has asked the city for $14 million to turn the derelict Texaco building into hundreds of high-end apartments.
Provident Realty Advisors Inc. is pitching the idea, which would be an $82 million restoration of the historic property at 1111 Rusk Ave.
See Magnolia Hotel, Crowne Plaza, Embassy Suites, Pavilions, and Dynamo Stadium as a few examples.
Posted by Anne Linehan @ 02/17/12 02:52 PM | Print |
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