The joint venture was unraveled because Turnberry said it was unable to get a construction loan to build the residential tower.Stan Creech of Stan Creech Properties Inc. was hired by Walton Street to market the land, which is west of Post Oak Boulevard, between Hidalgo and W. Alabama. The site is next to the three-acre Water Wall park that’s being acquired by the City of Houston.
The credit crunch hits Houston, in one of areas which are consider hottest (price cannot go down?).
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