New York company to convert River Oaks high-rise apartments into condos (Houston Chronicle)

Photo Courtesy of Houston Chronicle

Photo Courtesy of Houston Chronicle

By Erin Mulvaney

The River Oaks Luxury Apartments, a 1960s-era high-rise at 3435 Westheimer, has been sold to a New York-based company with plan to redevelop the property.

New York City-based Arel Capital bought the 17-story building in September. The company said it will build 92 units over a 2- to 3-year time frame.

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