Camden Downtown Under Construction

[caption id="attachment_10024" align="aligncenter" width="940"] Camden Downtown 21-stories Image: Ziegler Cooper Architects[/caption] Another downtown apartment tower is under construction near the Toyota Center at 1515 Austin Street. The Camden Downtown is the second recent project Camden Property Trust has brought to the east central Houston area, Camden McGowen Station was the latest in 2018.

Camden Property Trust is set up as a Real Estate Investment Trust (REIT) meaning they are involved in the ownership, development, redevelopment, acquisition, and construction of their apartment communities. Currently in Houston, Camden manages and owns interests in over 20 properties.
[caption id="attachment_10030" align="aligncenter" width="940"] Image: Ziegler Cooper Architects[/caption] [gallery columns="1" link="file" size="full" ids="10036,10035,10033,10034,10031"] The Camden Downtown will be a 21-story Class A Apartment Building with over 270 luxury residences. It is going up on part of a 3 acre lot bordered by Austin, Bell, La Branch, and Pease streets. Construction is on the north end of the block facing east and west to maximize the views of downtown and make the building more energy efficient. Originally delayed due to the oil slump, the development officially broke ground at the end of 2017. Architects of the project claim the orientation of the tower should also minimize the shadows of the building on the 20,000 square foot amenity deck. [caption id="attachment_10032" align="aligncenter" width="940"] Amenity Deck Image: Ziegler Cooper Architects[/caption] North Downtown has been a popular attraction for real estate developers in the past few years. Here is a list of the most recently completed high rise apartment developments: Construction is estimated to be complete by the end of 2019 or beginning 2020. More importantly, this is only phase one of the development! Camden has already expressed plans for a mirrored sister high rise on other part of the 3 acre lot.  

TO STAY UP TO DATE WITH THE PROGRESS OF THIS DEVELOPMENT PLEASE FILL OUT THE FORM BELOW OR CONTACT RACHAEL CLEVER.

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New High Rise Breaks Ground in River Oaks

A new monumental high rise has officially broke ground inside the River Oaks Shopping Center. The 30-story apartment tower now named, The Driscoll will offer residents a life of leisure and luxury. The project is currently under construction on the north side of West Grey at Driscoll St (the previous site of Local Pour).

Image: Ziegler Cooper Architects

 

The Driscoll at River Oaks will feature over 300 luxury apartment units with panoramic views of the Houston Skyline. The draw of course it’s premier walk-able location inside the iconic River Oaks Shopping Center.

Like previous Hanover Company projects, the Eight-floor will be reserved for the high-rise amenities. Some amenities will include: 

  • Resort-style pool
  • Business center
  • State of the art fitness center
  • Theater screening room
  • A dog wash station and bike storage room will be on the ground floor 

In addition, over 10,000 square feet of ground floor retail space is planned for the building.

Image: Weingarten Realty

 

The Senior Vice President for Weingarten Realty, said in a press release “The integration of a luxury residential tower is trans-formative for River Oaks Shopping Center and will further solidify it as a premier mixed-use project in Houston.” Hanover Company and Ziegler Cooper Architects are also partners in the development.

The Driscoll at River Oaks is estimated to be complete by 2021. 

 

To stay up to date with the development of this project fill out the form below or contact Rachael Clever. 

 

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Midtown Houston's First High Rise Slated For 2019

Midtown Houston’s first residential high rise tower is currently under construction. The 200 million dollar endeavor is being developed by Melbourne, Australia based Caydon Property Group and designed by Ziegler Cooper Architects.

[caption id="attachment_9410" align="aligncenter" width="920"] Image: Ziegler Cooper Architects/ Caydon Property Group[/caption]

The project now known as “The Midtown” will be 27-stories and consist of around 357 luxury apartment units. It will feature studio, one and two-bedrooms apartments with elegant European style interiors and striking unobstructed 360-degree views of the city.

The Midtown’s location played an important role in the developer’s vision for future residents. The property will be conveniently located between Downtown and the Medical District while neighboring Midtown Park and the Houston METRORail making it the perfect location for professionals seeking a short commute to work and entertainment.

[caption id="attachment_9439" align="aligncenter" width="1360"] Image: Ziegler Cooper Architects/ Caydon Property Group[/caption]

Common Areas Will Include:

  • Private pool with a swim-up bar
  • Resort Style Fitness center
  • Yoga Studio
  • Impressive Sky lounge that overlooks Midtown and Downtown

The Midtown High Rise Tower is slated to be completed by the third quarter of 2019. Pricing and floor plans are still being confirmed.

[caption id="attachment_9444" align="aligncenter" width="900"] Image: Ziegler Cooper Architects/ Caydon Property Group[/caption]

Caydon Property Group has also purchased land two blocks north of the Midtown’s dwelling. The site purchased currently serves at as parking for the Greensheet building; a 1955 mid-century office building at 1000 McGowen Street. There are rumored to be plans the works to redevelop it into mixed-use retail for shops, office space, restaurants, a bar, and rooftop event space along Main and Drew streets, as well as a community parking garage.

To stay up to date with the progress of this development please fill out the form below or contact Rachael Clever. 

 
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Sources: Olivia Pulsinelli with Houston Business Journal, Christine Gerbode with Swamplot, Zielger Cooper Architects, and Caydon Property Group.

 

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Texas Cities Tops Chart Adding More Than 60 People a Day

Eight of the 15 cities or towns with the largest population gains were located in the South in 2017, with three of the top five in Texas, according to new population estimates released today by the U.S. Census Bureau. “San Antonio, Texas, tops the list with the largest population gain with an increase of over 24,200 people – an average of 66 people per day between 2016 and 2017,” said Amel Toukabri, a demographer in the Population Division of the Census Bureau. “That’s a growth rate of 1.6 percent. This growth was enough to push San Antonio’s population above the 1.5 million mark.” Regarding percentage change in population, 10 of the 15 fastest-growing large cities were located in the South, with seven in Texas. Between 2016 and 2017, Frisco, Texas (near Dallas), was the fastest-growing large city (population of 50,000 or more) at 8.2 percent, making its growth rate more than 11 times faster than the nation’s growth rate of 0.7 percent. See below for some of the other fastest-growing large cities. Houston city population growth Based on U.S. Census Bureau population estimates Houston city population by year       For the full story check out Census Bureau Reveals Fastest-Growing Large Cities]]>

Millennials Living with Mom on the Rise but Not in Austin, Texas

More Millennials living at home Austin, Texas has the smallest share of millennials living at home with their mom, at 14 percent. Renters in Austin can expect to put less than 30 percent of their income toward a rental payment. Other markets with a small percentage of millennials living with Mom include Seattle, Denver and Oklahoma City. More millennials age 24-36 live with their moms than at any time in the past decade. Nearly a quarter of U.S. millennials are living at home with their mom, which translates to about 12 million young adults nationwide. The combination of rapidly rising rents and slow income growth over the past half-decade drove many young adults to either move back in or never move out of their parents’ home. Living with parents may allow young adults to pursue work or a passion that may not be especially lucrative, or save enough money for first and last month’s rent or a down payment on a home of their own. Another reason might be that millennials are wanting to enjoy life more and spend their money on travels and entertainment. They see how hard their parents worked and want to make sure they get the most out of life while they are young and can enjoy it. The median rent in the U.S. is $1,447 per month, up almost 3 percent over the past year. Click here to read the entire release.  ]]>