Historic hotel razed to make room for luxury apartments

The Ben Milam Hotel — built in 1928 as a 10-story, 250-room, air-conditioned haven for travelers — came down dramatically on Sunday afternoon in a well-choreographed implosion. The adjacent lot is slated for an eight-story, 380-unit apartment complex to be developed by The Finger Companies, with price points starting around $1,250. Construction is expected to start in the spring. ]]>

Three luxury apartment projects to rise near Highland Village

Houston’s apartment market has been is one of the best in the nation with many new projects starting because of the rising rents, high occupancy and unprecedented quick lease-ups on new units. Most of the new projects are high-rise or mid-rise because the land is so precious. Martin Fein will build three new apartment buildings with a total of 552 units on a 10-acre tract at West Alabama and Las Palmas. Fein’s project, called Willowick Park, will have three multi-family projects: Aria at Willowick Park, a seven-story rental building; Olympia at Willowick Park, an eight-story rental building; and The Townhomes at Willowick Park. ]]>

More Luxury Apartments for Houston's inner loop in original Cafe Adobe Location

Hines plans an upscale residential rental project, with construction to begin later next year. “The design has not been finalized but it will definitely be a great looking addition to the neighborhood. We love the location, as it straddles River Oaks and Montrose and plan to build something that’s an asset to the neighborhood,” Hines senior vice president George Lancaster said in an email. Hines launched a Multifamily division last year with Alan Patton, formerly president of The Morgan Group, at the helm. Its first Houston project, WaterWall Place, is under construction overlooking theGerald D. Hines Waterwall Park.]]>

Sovereign Tower 21 Story Apartments

  Sovereign Tower apartment building is scheduled to open in March 2014. Ground has been broken at Regent Square, mini-city-within-the-city that will occupy 24 acres of inner Loop land. This is phase one of the construction, which is expected to take place over the next 10 years. Regent Square is situated just steps from the Buffalo Bayou trail system, and only a couple of blocks from the Whole Foods Market. The Sovereign Tower will have awesome finishes and great downtown views, including four-star amenities and will focus on green living. The eighth floor will have many amenities like an outdoor pool area and herb garden plots available for residents to get their hands dirty. It will also include a fitness center, yoga studio, a library, WiFi lounge and movie screening theater. The apartments for lease will be a 21-story, 290-unit apartment complex.]]>

The $67 Million SkyHouse Houston Approved

Main Street high-rise gets big tax incentives: The $67 million SkyHouse is set to rise SkyHouse Houston Downtown BY WHITNEY RADLEY Culture Map 11.15.12 | 10:14 am News broke last week that Novare Group, an Atlanta-based developer, was partnering with two other firms on plans to build a 24-story, 336-unit high-rise apartment at 1625 Main Street — but only if the City of Houston gave it a significant tax incentive to do so. Well, the Downtown Redevelopment Authority board voted to approve a residential incentive plan for the developer Tuesday afternoon, despite the fact that the project lies outside of boundaries for the Downtown Living Initiative Chapter 380 passed by Houston City Council in August. That program was meant to entice developers to the area with a $15,000 per unit rebate in hopes of doubling the number of downtown residences by 2016, with an incentive for the first 2,500 residential units under contract. Downtown Living Initiative director TataLease Derby tells CultureMap that the project qualifies, instead, under the TIRZ #3 Downtown Living Chapter 380 Program, a similar initiative that also allows for a $15,000 per unit rebate. “Everybody’s very excited about the project,” Bob Eury, executive director of the Downtown Redevelopment Authority, says. “It’s the first project of the Downtown Living Initiative, and exactly what we hope to see more of.” The $67 million SkyHouse Houston is anticipated to appeal to young singles who want to live in the city, with mostly one-bedroom and studio floor plans priced around $1,600 per month. Amenities would include a fitness center and a pool, plus parking in an adjacent garage. Novare was given the go-ahead to proceed with a similar SkyHouse project on Rainey Street in Austin this September. The Downtown Living Initiative Chapter 380 incentive isn’t retroactive, so it won’t be available to Marvy Finger and his luxury apartments in the shadow of Minute Maid Park (and on the site of the Ben Milam Hotel, which is slated for implosion on Dec. 9). It will include, though, the buyer of a “premier downtown block” offered up by Houston First Corporation on Wednesday. The 110,000-square-foot tract is bounded by Capitol, Rusk and Crawford Street and Avenida de las Americas, across from the future site of a forthcoming convention center hotel. Prospective buyers, queue up. If you would like to pre-lease a unit call Margie Kaplan at 281-463-6365 for more information. 

Check SkyHouse Availability Now

]]>

The Westin High Rise Penthouses in Memorial For Lease

The Westin Penthouses Houston, TX, 77024

Houston’s first new hotel affiliated high rise residences atop the new 4-star Westin Memorial City Hotel. Only 5 exclusive Penthouse condos on the 22nd floor are available for lease. Knockout finishes with state of the art appliances. Full service building with access to all hotel amenities including in home dining and maid services. Prices start at $5600 per month with a minimum 6 month lease.

Floor plans and more pictures coming soon. Located at 945 Gessner by the Memorial City Mall.

To make an appointment to see the 5 penthouses call:

Margie Kaplan at 281-463-6365 Ext. 701 or Contact Us.