MH Capital plans to develop a $30 million mixed-use development in Park Hill. The company acquired the the east side of the block along Fairfax Street between East 28th and East 29th avenues. Plans call for Park Hill Commons to contain 21 for-rent townhouses, 22 apartments and commercial space surrounding a park. A parcel on the west side of Fairfax Street was also acquired for use as surface parking, although additional development may occur in the future. Pending planning approvals construction may begin in the summer.