The Ruben Salazar low-income complex in El Paso is set to receive a $93 million renovation, including development and financing costs and just over $56 million for construction. JP Morgan Chase has provided a loan of $56.8 million to help finance the project, located only blocks from the Mexican border. The property has been closed since 2019 by the El Paso housing authority (HOME), consisting of dozens of boarded-up townhouse-like buildings that have become a ghost town over time. Additionally, an award of a federally funded Community Development Block Grant worth $6.5 million was key in completing the project’s financing requirements for its expected 2½ year completion timeline.
“Owner of Hollywood Office Purchases Adjacent Property”
The property at 747 Seward St. in Hollywood has been purchased by Brian Ballard, founder of bipartisan lobbying and PR
Steve Griffin
November 14, 2024
