Houston developer puts luxury condo tower in River Oaks on hold

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Plans for another luxury condo has been put on hold due to slower-than-expects presales. The Interfin Cos. founder Giorgio Borlenghi is pulling back on plans for Villa Borghese in River Oaks because it has not secured enough buyers, the Houston Chronicle reports. “At this particular time, I do not have complete confidence in the fact the building can be sold out in the next 24 months,” he told the Chronicle, adding, “I’d rather wait for the market rather than impose product on the market.” However,…


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