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by Nancy Sarnoff |
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Real estate Roundup The developer of the Franklin Lofts gave a sneak preview of his proposed loft condominium development to a group of real estate developers and potential buyers this week. Houston Heights developer Frank Garvey purchased the former Lomas & Nettleton Building from Harris County in 1999 for more than $4 million. Since then, he has redubbed the property Franklin Lofts and has been working to bring 62 luxury condominiums ranging in size from 950 square feet to 2,600 square feet to the historic property. The structure was built in 1905 as the First national Bank Building. An eight-story parking garage will be constructed on an adjacent block of land for both tenants and residents. Commercial space will be available on the first floors of the building and parking garage. Kurt Aichler is designing the project. Garvey's portfolio of Heights area real estate projects include The Yale Street Lofts, a 21-unit apartment development built with a 19th century design; the Jackson Hill Townhomes, a collection of 5 Tuscan-style residences: and the Heights Colony Apartments, a 25-unit complex surrounding a common courtyard.
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