Here's an article on the development. 7/25/2006 GlobeSt.com Condo Developer Eyes Heights for $10M Plan By Amy Wolff Sorter HOUSTON-Going against a condo trend for larger projects, iCityCondo Inc. has built a $10-million pipeline of smaller-size developments in the Heights submarket. The rehab project for the 20-unit Melrose Park Condominiums will soon get underway. The Melrose, set to deliver in summer 2007 at 1447 Heights Blvd., is a $3-million retooling of a 1960s-era, 22-unit building bought two years ago for $700,000. In tandem with the Melrose, iCityCondo is planning a $7-million, ground-up development: a six-story building with 18 to 24 units. Details will follow as the developer advances the plan. The Melrose's units, ranging from 600 sf to 1,600 sf, will be marketed at $125,000 to $330,000. APD-Planning & Design LLC of Houston has done the building's redesign. Thomas Green Custom Homes, also from Houston, is the general contractor. "The goal is for us to be sold out by the time we get these done," Isaac Kyle, iCityCondo's CEO and founder, tells GlobeSt.com. He adds that the project already has generated a great deal of interest. "We ran a third-page ad in a local magazine and had a response rate of 260 people," he says. Kyle explains all iCityCondo's projects in the Heights area will be smaller ones. "A 300-unit project just doesn't fit well within that neighborhood," he says. "The smaller, low-rise buildings and residential settings work well for everyone." Kyle says it's a good time for condo development in the Heights neighborhood because the prices of single-family residences are increasing. "The cost of those start around $190,000," he says, "and that's just for a rehab. Melrose Park Condominiums is a good opportunity for someone to have an entry-level product in the neighborhood for far less than that."