EL PASO – Hunt Capital Partners has provided $22.8 million in equity financing for the redevelopment of Blue Flame Apartments.
The historic multifamily building at the intersection of Stanton St. and Texas Ave. has been vacant for 12 years and will be converted into a mixed-use property.
Plans include 120 affordable housing units and 36,672 sf of commercial space.
The $55.3 million project is scheduled for completion by January 2020.
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