From Jennifer Dawson in today’s Houston Business Journal comes confirmation of part of Swamplot’s report earlier this week on the two highrises planned for Boulevard Place. The Hanover Company’s planned 37-story apartment tower isn’t moving forward anytime soon:
Construction was supposed to start this month, but that’s not going to happen because it’s too difficult to get a construction loan right now, says Hanover President John Nash.
He says it would be impossible to predict when the credit market would allow the project to move forward, but it could be delayed as much as a year.
- Tight money postpones plans for residential tower [Houston Business Journal]
- Putting Off the Ritz: Boulevard Place Towers Stalled [Swamplot]
- Hanover Apartment Tower at Boulevard Place: 37 Stories [Swamplot]