July 7, 2016
A six-story, 15-unit upscale Houston condominium project is back on track again, following a delay due to the oil slump. CondoSmart Realty LLC, led by Ron Lozoff, is ready to begin construction on Topaz Village at 4520 Yoakum Blvd. this August.
Long-time Houston condo developer, broker and consultant Lozoff had announced Topaz Village in June 2014. Then oil prices plummeted and Lozoff lost part of his financing. After focusing on projects in Atlanta, Lozoff is back, indicating he has lined up equity partners and arranged commitments from a local bank.
Lozoff is confident that his Topaz Villas will find interest among working professionals and empty nesters interested in living closer to the city center. Topaz is offering 3,000-square-foot units with three bedrooms, ranging in price from $1.1 million-$1.4 million.