Owners of the 32-acre mixed-use Southbank project The District said two parcels designated for luxury town houses are under contract for sale.
Ramiro Albarran, Preston Hollow Capital LLC managing director of origination and structuring, told the Downtown Development Review Board on May 13 that the company executed a deal for the parcels, which face a marsh on the site’s southeast corner.
Albarran said Dallas-based Preston Hollow is under a confidentiality agreement and did not disclose the buyer.
The District project engineer, Bill Schilling of Kimley-Horn and Associates Inc., said the parcels will be developed by “a luxury, high-end homebuilder.”
Ramiro Albarran, Preston Hollow Capital LLC managing director of origination and structuring