Closer Look: The Meyers Group

a proposed 22-story story apartment and hotel in west el paso. the meyers group, a florida development company, wants to build it, plus a 715- space parking garage, near shadow mountain and sunland park drive. the proposal is headed to city council and is expected to be approved. the total investment in the project would likely exceed 100 million dollars … with the company looking to get tax incentives from the city. the idea is not sitting well with some westsiders who worry about congestion. some homeowners to the east of the proposed tower are also worried about a blocked view of the valley. stuart meyers, the founder of the meyers group, told the el paso inc… “i believe in the town i see the vibrancy.” he went on to say the city “… is growing and is following the track of many other urban areas that have been re-urbanized over the last 10 to 20 years.” abc-seven’s complete coverage continues live… … with reporter stephanie guadian. the shadow mountain project has already won some early support from el paso mayor oscar leeser, and representatives cortney niland and carl robinson. but who is this group willing to make a 100-million dollar bet on the city? rep. carl robinson: “it’s something new to el paso. it will help to boost our economy having an upscale project like that. i mean you are talking about apartments, and hotels and a high rise at that. ” th meyers group– headquareted in coral gables, florida– has only been around since 2015. their 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. mayor oscar leeser: ” they had to have done a lot o research to make sure its going to work. it’s a company that’s been around a while. but none of the projects on that company’s website look like what’s being proposed for el paso. leeser: and a company that just wouldn’t say well i’m going to invest a 100 million dollars and not do due diligence. stuart’s son josh meyers has already set up an el paso office– near the proposed site. he declined to speak on camera. he did tell me he the company has yet to close on the land acquisition. and — he worries more publicity ahead of the city council vote— could turn people against the project. he’s waiting to clear that hurdle. leeser: 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. josh meyers did not hold back when it came to telling us why the company has chosen el paso for its latest project. he says the firm has done extensive research and sees significant potential for growth in the city. stephanie live in our newsroom tonight. everything was set for franklin high