HOUSTON – Park Street Homes and Stradford Capital are developing Grand Park Square, a residential community within the Greater OST/South Union neighborhood.
The 105,000-sf community will include 32 market-rate and ten affordable homes. It will be built in five 40,000-sf phases.
Market-rate homes will start around $320,000, while affordable homes will start around $230,000.
Park Street Homes is owned by Kevan Shelton, who grew up in the historically black neighborhood, and his wife Ayesha.
The project team includes Midtown Redevelopment Authority, Braden Real Estate Group, and Drafthouse Design.
The Texas Real Estate Research Center has more information on housing: