Developer Mark McClure, GenX Capital Partners to Co-Develop the $40 Million Azul El Paso
EL PASO, Texas, Dec. 11, 2023 /PRNewswire/ -- Mark McClure, Managing Director of GenX Capital Partners (http://www.GenXCP.com), a leading commercial real estate developer and debt/equity originator with operations in Portland, Maine, and Miami, Florida, has entered into a co-development agreement for Azul El Paso. This innovative project, totaling 104,000 square feet and encompassing 130 apartment units along with 12,000 square feet of retail space, represents a collaborative effort with Prestige Development Group (PDG) of Austin, TX. The $40+ million project is the first of three Azul developments planned over the next 36-48 months by the duo.
- EL PASO, Texas, Dec. 11, 2023 /PRNewswire/ -- Mark McClure, Managing Director of GenX Capital Partners ( http://www.GenXCP.com ), a leading commercial real estate developer and debt/equity originator with operations in Portland, Maine, and Miami, Florida, has entered into a co-development agreement for Azul El Paso.
- The $40+ million project is the first of three Azul developments planned over the next 36-48 months by the duo.
- Azul El Paso will seamlessly integrate with the neighboring retail sector, featuring prominent brands such as Dicks Sporting Goods, WalMart, PF Changs, Albertson's, Dillards, and more.
- El Paso, ranked #2 in expected housing growth for 2023-2024 in recent housing studies, underscores the project's potential success.