[Urbannizer]

http://blog.chron.com/primeproperty/...d-use-project/

Lovett closes on downtown Post Office site to build mixed-use project

Lovett Commercial has closed on the 16-acre U.S. Post Office site in downtown.

The Houston-based developer, which builds neighborhood shopping centers and urban redevelopment, did not elaborate on plans in a statement announcing the purchase. Previously, Lovett said it expects “to attract multiple uses such as retail, creative office, residential and/or a boutique hotel. Tenants that we have visited with are extremely excited about the project, its location and the possibilities.”

The purchase price was not disclosed.

http://www.bizjournals.com/houston/m...mixed-use.html

"It's extremely rare to find a downtown site with direct, easy access to Interstate 10, Interstate 45 and numerous adjacent neighborhoods in Houston,” Burdette Huffman, vice president for Lovett Commercial, said in a statement. “Our goal is to create a very special mixed-use development that leverages the Bayou, the theater district and the significant scale of the property."