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Old Posted Sep 23, 2019, 3:00 AM
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UrbanTrance UrbanTrance is offline
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Join Date: Jul 2009
Location: L.A.
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Interesting article about Weston Urban's future plans:

https://saheron.com/with-frost-tower...on-to-housing/

Quote:
In the partnership, Weston Urban is obligated to build at least 265 housing units on nearby properties it purchased, or will purchase, from the city and Frost Bank. Those properties are the Municipal Plaza Building, 114 W. Commerce St., the original Frost Bank building where City Council now meets; the San Fernando Gym, 319 W. Travis St.; three parking lots in the area; and the green space east of the new tower which Weston Urban is currently redeveloping into a more useful park space. It’s worth noting that Weston Urban also received an incentives package worth $3.9 million in city and SAWS fee waivers for the office tower and new apartments.

Smith said the company’s housing production will go beyond the 265 units.

“We will far exceed that,” Smith said. “We will build multifamily down here until the market tells us to stop. We have the land. We have the development pipeline.”

Smith said the company plans to build a mix of housing types at different rent levels. He said Weston Urban will seek development partners and incentives for some of its projects in this area.
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