Mortgage And Real Estate News

Saturday, June 15, 2013

Lowdown on Elevation Chandler: Sale in works


Elevation Chandler is under contract to a potential buyer who wants to build about 330 rental units on the site, but the plans for multifamily housing aren’t a sure thing. City Council members have the final say on the site’s development, and they want something special on the prime spot near Loops 101 and 202.

The abandoned project, an eyesore that has stood on 10.5 acres for seven years as a testament to ego, financial mismanagement and a destructive economy, is under contract to Houston-based Hines, a worldwide developer for a sale price of $8,250,000.

Read more: Lowdown on Elevation Chandler: Sale in works

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