The Sonoma condo and retail development in Rice Village has been put on hold due the increasing national credit crunch. The project was controversial for some Southampton residents, concerned that the sale and closure of the portion of Bolsover between Kelvin and Morningside would result in more traffic woes for an already congested area. The developers purchased the portion of the street for green space from the City of Houston.
Buyers who put down deposits will have their money returned with interest. InstantnewsWestU.com will have more details on the future of the project later today, including what will happen with the building site and sales center.