Construction Maison

A Dallas buyer has purchased a high- rise apartment building just north of Little Rock’s Park Plaza Mall , according to a firm negotiating the sale. Commercial real estate firm Berkadia of Chicago said Friday that it represented the property’s seller, The Goodman Group of Chaska, Minn., in the transaction. Records with the Pulaski County assessor ’s office show the Summit House property sold at a price of about $10.7 million on July 3. Patrick Jordan, senior director at Berkadia’s Memphis office, said the deal was a “one-of-a- kind investment opportunity ” in an “irreplaceable” location in Little Rock’s Midtown district. “This will be a large repositioning project that will get a lot of buzz in the marketplace,” Jordan said in a statement. The property is situated near the intersection of North University Avenue and Father Tribou Street . The 165- unit Summit House apartment building features studio apartments as well as one-, two- and three-bedroom units. It offers a swimming p...

An Austin developer has changed course on plans to revamp a San Marcos shopping center . Since taking control of Springtown Center in 2014, Endeavor Real Estate has landed a number of high- profile tenants to fill what was, at the time, a sickly strip mall that was only 10 percent occupied. Additions have included heavy hitters such as Chuy’s, Gold’s Gym and The Spot, an entertainment venue. While Endeavor had initially been in talks with a number of interested retailers to fill the remaining space in the shopping center , the developer has decided to go another route. Instead, it is demolishing a chunk of the center between Chuy’s and the former Target store that’s now home to Gold’s Gym and The Spot to make way for a multi- story apartment building that will have 233 units with 32,000 square feet of ground- floor retail space . The project will be called The Lyndon after former President Lyndon B. Johnson who attended nearby Texas State University back when it was known as So...