[Urbannizer]

Originally Posted by Chron

Housing project planned for old flea market property

A developer is planning a major upgrade to a worn-out corner of south Houston with a new apartment and retail project where an empty flea market now stands.

With help from more than $15 million in public funding, the ITEX Group is preparing to remake the almost 10-acre site at the southwest corner of Griggs and Martin Luther King Jr. Boulevard with a $41 million project called the Village at Palm Center.

The new development, which was designed by prominent multifamily architecture firm Humphreys & Partners, will have 222 rentals, including 154 apartments and 68 townhouse-style units. Some commercial space is also planned.

Most of the apartments will be affordable housing for low- and moderate-income renters, but a portion will be priced at market rents.

"This will preserve the ability for people living in the community to continue living in their community," said Clark Colvin, executive vice president of the ITEX Group, which is planning to hold a ground breaking ceremony at the site Wednesday afternoon.

Full Article: http://www.houstonchronicle.com/busi...5930564.php#/0