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Texas  + Apartments  | 
Lubbock Tower Building to offer 90 affordable housing units.

Famous Lubbock Tower Completes Renovation

In Lubbock, Texas, the Metro Tower building has withstood the test of time — as well as a direct hit from a tornado with winds reaching up to 200 mph. In 1970 two tornadoes rumbled though Lubbock. The first caused minimal damage, but the second tore across the city after night had fallen, claiming over 20 lives. The Metro Tower took a direct hit from an F5 tornado, resulting in significant structural damage to the 271-foot-tall building’s superstructure.

Now, nearly 50 years after the storm, it’s done with its most recent improvement, this one a $25 million renovation. The 1955 era high-rise will house nearly 90 affordable housing units. Prospective tenants have a choice between an efficiency, one or two-bedroom. Rents run between $750 and $1,000. The developers (MRE Capital) were able to use tax credits from a number of agencies to complete the renovation. The residences will take up fourteen floors in the middle of the building, with the first three floors dedicated to commercial amenities.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Development
  • 3801 E MORELAND DR

    WESLACO, TXTexas + Apartment Buildings
    Listing Status:Available
    Listing Type:Call for offers
    Price:$7,500,000
    No. of Units:78
    Year Built:2005
    Lot Size:77325 Acres
    Opportunity Zone:No
    Price per unit:$96,153
    Learn More
  • Jameson St Apartments

    Weatherford, TXTexas + Apartment Buildings
    Listing Status:Available
    Listing Type:Highest & best offer
    Price:$5,160,000
    No. of Units:60
    Average Occupancy:98
    Year Built:1973
    Building Size:44700 Sq ft
    Lot Size:4.05 Acres
    No. of Stories:2
    APN:R000047582
    No. of Parking Spots:100
    Opportunity Zone:No
    Price per unit:$86,000
    Learn More
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