Houston: River Oaks high-rise going condoHouston: River Oaks high-rise going condohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=23372014-12-02T11:15:00Z2014-12-02T00:00:00Z

HOUSTON - The River Oaks Luxury Apartments, a 1960s-era high-rise at 3435 Westheimer Rd., has been sold to a New York-based company with plans to redevelop the property.

Arel Capital bought the 17-story building in September. The company will convert the high-rise apartment building into a 92-unit condominium building over a two- to three-year time frame.

The building has gone through several owners since it was built in 1962. The latest owner was Boston-based Metropolitan Properties of America.

Houston Chronicle
Houston-The Woodlands-Sugar Land
http://blog.chron.com/primeproperty/2014/11/new-york-company-to-convert-river-oaks-high-rise-apartments-into-condos/Read more at {Source}

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