HOUSTON’S TEXACO BUILDING TO BECOME HIGH-RISE APARTMENTS

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HOUSTON — The historic Texaco office building, originally built in 1915, will see new life after 25 years of vacancy. Dallas-based Provident Realty Advisors has acquired the downtown Houston property and will redevelop the building as high-rise apartments. The renovation plans are valued at $95 million, according to the Houston Business Journal, and include 8,000 square feet of ground-floor retail in addition to 309 multifamily units. Hnedak Bobo Group of Memphis will serve as project designer, while a subsidiary of Provident Realty will serve as general contractor.

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