Houston-based DeisoMoss secured financing for a 43-story mixed-use tower project it’s planning near The Galleria in Houston.
Ran Eliasaf’s Northwind Group out of New York gave the Houston developer a more than $26 million mortgage bridge loan to build the almost 552,000-square-foot tower, Houston Business Journal reported. The project is planned at 2120 Post Oak Blvd., a two-acre site north of The Galleria mall.
Adi Chugh, Rich Levin and Christian Hung of New York-based Surya Capital Partners arranged the loan.
The tower will have 348 multifamily units, 100,000 square feet of Class A office space and 25,000 square feet of retail and restaurant space. Construction is expected to begin in the second quarter of 2023.
“Demand for Class A office space near the Galleria has been high for years,” Andrew Deiso, co-founder of DeisoMoss, told HBJ. “We’ve already had potential tenants reaching out to express interest in leasing, which is a great sign.”
Houston-based Ziegler Cooper Architectects is designing the project and Harvey Builders will be the general contractor.
DeisoMoss bought the property in November from the Tisch family of New York, Deiso told HBJ, which is linked to the multibillion-dollar Loews Corporation holding company.
A purchase price was not reported. Harris County Appraisal District records showed the property was valued at $11.4 million as of January.
[HBJ] — Kathryn Hardison
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