Why Ivy Lofts’ developer dropped the condo-hotel concept for the micro-units project

This past summer, Novel Creative Development began shifting direction on the The Ivy Lofts, the first major micro-unit condominium tower in Houston.

Amid slower-than-expected sales, the new Houston-based developer mulled adding a hotel to its condo project, comprised primarily of units smaller than 500 square feet. The condo-hotel twin tower concept would have had coworking office space and separate hotel amenities, like a spa.

Clickt o read more at Houston Business Journal.