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.