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3 Properties Showcase the Power of Secondary U.S. Cities


3 Hotels Showcase the Power of Secondary U.S. Cities
A trio of properties in second-tier markets make a strong case for the growing cities they inhabit
Words by: Will Speros + Caitlin St John
Austin s Hotel Magdalena nods to local lake culture with a pool in the center of the four-building complex
While major urban hubs in the U.S. like New York, Miami, and Los Angeles naturally get the lion’s share of attention, secondary cities have their own growing appeal. Take Austin, which continues to be the city of the moment. Big brands and developers have staked a claim in recent years, but the originator of Austin cool, Bunkhouse Group, endures with laidback properties that cement the Texas capital as a must-visit destination. On its heels are coastal settings like Charleston, South Carolina and Newport, Rhode Island. Each exudes an effortless charm that attracts hoteliers and designers alike. In these cities that are ripe for development, three inviting properties ....

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Pinemont retail center reimagined as 'The Common'


The retail center at 1102 Pinemont Dr., which is home to Esther’s Signature Dish, is about to get a major overhaul.
Gulf Coast Commercial Group, a Houston-based firm specializing in retail development, management and leasing, bought the property in 2019 from Allen Family Investments. Gulf Coast recently announced plans for a project on the property’s nearly 3 acres called The Common, which would create a namesake, central common, incorporating both green space and a renovated plaza.
The remodel is an Opportunity Zone project. According to the City of Houston, the Opportunity Zone program was created by the 2017 federal Tax Cuts and Jobs Act to encourage businesses to develop and invest in low-income communities in Texas. There are 99 census tracts within city boundaries so designated by the governor’s office. ....

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