Houston real estate co. closes on Midtown site where it plans to build a tower

Houston-based PM Realty Group has closed on its purchase of a site in Midtown, as expected, the Houston Chronicle reports.

The Midtown Redevelopment Authority put 3300 Main — a former city of Houston code-enforcement building — on the market in March 2014, and news broke in November 2014 that PMRG was under contract to buy the 1.16-acre site. A demolition permit for the site was filed in August, and PMRG was expected to close on the sale at the end of the year, the Chronicle reported at the time.

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