Shadow Mountain Project gets early support from mayor and some council members

A clear view from high above the Borderland is a selling point of a proposed 22-story apartment and hotel in west El Paso. The proposal is headed to City Council and is expected to be approved.

The total investment in the project would likely exceed $100 million with the company looking to get tax incentives from the city.

The idea is not sitting well with some on the city’s west side who worry about congestion. Some homeowners to the east of the proposed tower are also worried about a blocked view of the valley.

Still, the Shadow Mountain project has already won some early support from El Paso Mayor Oscar Leeser and Reps. Cortney Niland and Carl Robinson.

“It’s something new to El Paso. It will help to boost our economy having an upscale project like that.” Robinson said. “I mean you are talking about apartments and hotels and a high-rise at that.”

But who is this group willing to make a $100 million bet on the city?

The Meyers Group, headquartered in Coral Gables, Florida, has only been around since 2015. It’s website shows two previous developments the Spinnaker Cove affordable housing complex near Hialeah, Florida and the higher-end Channelside apartments in Fort Myers, Florida. Founder Stuart Meyers has a lengthy history before that with the Cornerstone group.

“They had to have done a lot of research to make sure its going to work,” Leeser said. “It’s a company that’s been around a while. And a company that just wouldn’t say well I’m going to invest $100 million and not do due diligence. So for them to do that and then come back and say it’s going to work and we want to invest in El Paso is a huge compliment. “

But none of the projects on that company’s website look like what’s being proposed for El Paso.

Stuart’s son Josh Meyers has already set up an El Paso office near the proposed site.
He said the company has yet to close on the land acquisition. He is not doing media interviews right now. The younger Meyers said he is worried more publicity ahead of the City Council vote could turn people against the project and he’s waiting to clear that hurdle. That votes is expected to happen sometime in May.

Josh Meyers did not hold back when it came to explaining why the company has chosen El Paso for its latest project. He said the firm has done extensive research and sees significant potential for growth in the city.