$66M Loan Secured for Mixed-Use Project

Developers of the first phase of the Buffalo Heights’ development obtained construction financing to the tune of $66 million. The grocery-anchored, mixed-use project is in Houston’s Washington Avenue corridor, and being built by Midway Cos. and BKR Memorial II LP. Colby Mueck and Matthew Putterman with HFF placed the debt financing through U.S. Trust, Bank of America Private Wealth Management.

Buffalo Heights, at 3663 Washington Ave., will be anchored by a 90,000-square-foot H-E-B, along with 2,200 square feet of inline, adjacent retail and 36,800 square feet of boutique, double-height office space. The project will also offer the 232-unit St. Andrie. The seven-story, mixed-use building is scheduled for completion in 2019.

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