March 28, 2017
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During the past five years, El Paso’s CBD received 340 apartment units and nine high-end condos. As of now, most of the properties are already leased up, and with waiting lists. The enthusiastic response has community leaders hopeful that more developers will consider downtown El Paso as a viable place to build.
“We really are just establishing a market,” Joe Gudenrath with the El Paso Downtown Management District told the El Paso Times. He went on to say that, if 300 housing units could be added each year to the downtown area over the next decade, it would bring residents to the area. This, in turn, would keep restaurants and stores open later, making the area vibrant, he said.
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