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Midtown Site Sells, Apartments Planned – Someday

Houston-based PM Realty Group (PMRG) closed on 3300 Main, a 1.2-acre site in Houston’s Midtown neighborhood, paying the Midtown Redevelopment Authority $6.6 million. The site has a vacant building that once housed a city of Houston code-enforcement building, and PMRG has filed plans with the city to build apartments there – but not just yet. Houston’s current apartment glut, and the difficulty in finding construction financing, mean actual groundbreaking and completion activities are somewhat murky.

The benefit of the site is that it’s near Houston’s Metro Rail System, approximately half a block away. Robert Gregory, president of PMRG Investments, told the Houston Business Journal several months ago that he envisioned a restaurant or coffee shop on the site, along with approximately 300 residential units.

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Inside The Story

Read More at Houston Business JournalRead More at Houston Chronicle

About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

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