Historic Luxury Redevelopment
Iconic 1925 landmark redeveloped in 2020 into Class A multifamily and retail space blending historic design with modern finishes

Transferable Tax Abatements
Valuable 35% city tax reduction through 2025 and frozen taxable value through 2032 significantly enhance returns

Mixed-Use Income Diversification
61 luxury residential units and two retail tenants, including Frost Bank, create stable dual income streams

Adaptive Reuse Opportunity
Retail lease expiration presents potential to add apartment units or re-lease for higher revenue

Condo Conversion Flexibility
Option to convert apartments into condominiums for premium resale pricing and multiple exit strategies

Attractive Assumable Financing
Existing 3.83% agency loan with six years remaining offers strong leverage and low-rate stability