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.

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.

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.

To stay up to date with the progress of this development contact- Rachael Clever

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.

Information for this ARTICLE was provided Olivia Pulsinelli with Houston Business Journal, Christine Gerbode with Swamplot, Zielger Cooper Architects, and Caydon Property Group.

Downtown Houston June 2018 Rent Trends

As of June 2018, the average apartment rent in Downtown Houston is $1,628 for a studio, $2,026 for one bedroom, $3,499 for two bedrooms, and $4,333 for three bedrooms. Apartment rent in Downtown Houston has increased by 3.8% in the past year.

Beds	Avg Sq Ft	Avg Rent
Studio	636	$1,628
1 BR	831	$2,026
2 BR	1,445	$3,499
3 BR	1,855	$4,333

Data from Apartments.com

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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.

The 15 fastest-growing large cities and towns

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

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.

New downtown Houston apartments open overlooking Minute Maid Park

The Catalyst’s outdoor spaces have a pool, outdoor kitchen, cabanas, yoga lawn and views of Minute Maid Park.

By Fauzeya Rahman – Reporter, Houston Business Journal

A new high-rise downtown apartment building boasting close-up views of Minute Maid Park has officially opened, just in time for the start of the regular baseball season. Catalyst, a 359-unit, 28-story high-rise, marks its debut April 5 and is less than 30 percent occupied, according to leasing manager Brandy Vogel. The apartment complex sits on a city block bounded by Texas Avenue, Austin street, Prairie Street and La Branch Street. It’s the second Catalyst apartment project for Illinois-based multifamily developer Marquette Cos., the first is in Chicago.

The apartment complex sits on a city block bounded by Texas Avenue, Austin street, Prairie Street and La Branch Street. It’s the second Catalyst apartment project for Illinois-based multifamily developer Marquette Cos., the first is in Chicago. Marquette received a Downtown Living Initiative grant equal to about $5.4 million from the city. The program gave $15,000 per unit in tax rebates to downtown developers. In 2017, 1,448 residential units were built, according to the Houston Downtown Management District.

Catalyst features more than two dozen floor plans, ranging in size from a little above 600 square feet to close to 2,000 square feet. Rents start around $1,600 per month, with some floor plans receiving two or three months free rent, Vogel said.

To see the full article go Houston Business Journal here.

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New Apartment Construction 2017

As of 2/27/2017, here is a list of Brand New Apartment Construction for 2017. Some apartments are complete and more will be added to this list. If you would like further information such as prices, floor plans, or specials please contact one of our agents or request to be on our emailing list for updated brand new apartments being built in 2017.

Broadstone Tinsley

Park 919 Gillette, Houston, TX 77019
Call 713-504-5425 for more information, availability and specials. Map#:493K
1Bed:$1,410-2,315 2Bed:$2,015-2,615
Special:1 month free prorated or upfront w/12+mo
ID:5024A Mgmt:Alliance Residential Co
Availability: 1×1, 2×2 [2/10]

Aris Market Square

409 Travis St, Houston, TX 77002
Call 713-504-5425 for more information, availability and specials. Map#:493L
1Bed:$1,650-3,860 2Bed:$3,850-7,975 3Bed:$10,450
Special:3 mo free prorated over 6mo w/13+mo
ID:4989A Mgmt:Greystar

Broadstone Skyline

707 Saulnier St, Houston, TX 77019
Call 713-504-5425 for more information, availability and specials. Map#:493P
1Bed:$1,426-1,972 2Bed:$1,996-2,592
Special:1mo upfront, 1mo prorated w/12mo
ID:4966A Mgmt:Alliance Residential Co
Availability: 1×1, 2×2 [2/24]
Brand NEW Skyline View Community Schedule Private viewing!

The Hayworth

1414 Wood Hollow Dr, Houston, TX 77057
Call 713-504-5425 for more information, availability and specials. Map#:490R
1Bed:$2,495-3,495 2Bed:$3,295-5,495 3Bed:$4,795-5,295
Special: 2wks free upfront & 2wks prorated w/12mo
ID:5027A Mgmt:Greystar

Dolce Midtown

1973 W Gray, Ste 4, Houston, TX 77019
Call 713-504-5425 for more information, availability and specials. Map#:493P
1Bed:$1,695-1,825 2Bed:$2,050-2,175
Special:1mo free w/12mo
ID:4932A Mgmt:Pace Realty Corp

Folio West

2525 City West Blvd, Houston, TX 77042
Call 713-504-5425 for more information, availability and specials. Map#:489U
1Bed:$1,235-1,787 2Bed:$1,872-2,530 3Bed:$2,957-3,480
Special:6 weeks prorated w/12+mo
ID:4982A Mgmt:Z R S Management

Marina Bend At Clear Creek

350 N Wesley Dr, League City, TX 77573
Call 713-504-5425 for more information, availability and specials. Map#:658L
1Bed:$938-1,285 2Bed:$1,395-1,795
Special:1mo free w/12+mo
ID:5088A Mgmt:Greystar

Haven At Main

8700 S Main, Houston, TX 77025
Call 713-504-5425 for more information, availability and specials. Map#:532Q
1Bed:$1,300-1,400 2Bed:$1,800-2,000
Special:2 mo free prorated w/12mo
ID:4965A Mgmt:C A F Mgmt

Star Provident Texaco Apartments

The Star High Rise Downtown

The Star High Rise is One of downtown Houston’s most iconic buildings, the historic Texaco Headquarters Building is being restored and converted to upscale apartments. This property should be ready by mid summer 2016 for move-ins.

A rooftop amenity deck atop the new parking structure will offer residents the social and recreational opportunities most requested in new urban living. All four sides of the property capitalize on the city’s established pedestrian or light rail transportation systems, and will tie into the Houston Tunnel system, an interconnected series of air-conditioned underground walkways, restaurants and shops spanning six miles.

The architect on the project is Hnedak Bobo Group or HBG.

If you would like a brochure with details, pricing, specials and move dates please request below.

Star Texaco High Rise Brochure Request

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