Houston Pavilions gets financing

Also via Houstonist, the downtown development known as Houston Pavilions has taken another step forward.

Developers of the Houston Pavilions downtown mixed-use project have secured $140 million in construction financing from North Houston Bank.

The transaction makes it possible for construction to begin on the ambitious three-block development bounded by Dallas, Polk, Main and Caroline. Groundbreaking is set for Nov. 6.

It will take two years to build the $200 million project, which will contain roughly 800,000 square feet of retail, office and high-rise residential space.

Here's a Google map of the area. I've also created this JPG image of the area, with the three blocks that comprise Houston Pavilions in red. The blue square in the middle bottom is the Toyota Center. There's a light rail stop at Main and Bell, one block south of the western end of the Pavilions.

Posted by Charles Kuffner on October 11, 2006 to Elsewhere in Houston | TrackBack