Mighty Equities is pursuing the development of a new boutique hotel in Houston’s Montrose area. If approved by the Houston Planning and Zoning Commission, this seven-story building would contain 52 keys and 25,000 square feet of food, beverage and entertainment options as well as a pool. The surrounding four-square-mile area has become known for its eccentricity, diversity and plethora of restaurants, cocktail bars and art galleries since it was developed in 1911. However over 50% of parcels near the proposed site are residential in use which may complicate approval from the commission who deferred their decision until August 10th during their July 27th meeting.
“Yorkville Apartments Secures $123M Refinancing with Newmark”
Newmark has successfully secured a $123 million refinancing deal for The Wimbledon, a luxurious 28-story apartment building located on Manhattan’s