Condos likely to sprout near Capitol
Developer of 8-story project is planning underground parking and street-level stores.
Saturday, February 03, 2007
A mid-rise luxury condominium project is headed downtown, two blocks from the Capitol.
Developers plan to break ground on the $50 million project, the Metropolitan, in late March. The site at 311 E. 11th St. is a parking lot behind the VFW office building at East 11th Street and San Jacinto Boulevard.
The developer, the Mote Group, plans a chic, eight-story building with units priced from the mid-$300,000s for about 900 square feet to more than $1 million for the larger penthouses, two-story glass lofts with private roof gardens. The project is expected to take two years to build, opening in 2009.
The Metropolitan is one of a dozen or so residential projects planned or under construction downtown, a building boom spurred by continued demand for urban living.