Houston developer closes on prime property near downtown for luxury apartments

A multifamily developer has purchased a prime piece of real estate near downtown for a new luxury apartment project that the city of Houston hopes will revitalize the neighborhood.

Lee Zieben, an award-winning luxury homebuilder-turned-apartment-developer, plans to build a four-story, 350-unit Class A apartment on a portion of Hardy Yards, a long-vacant railcar maintenance yard in Houston’s Near Northside neighborhood.

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