Developers of a new 43-story skyscraper rising in downtown Houston are revealing details about the luxury apartment project poised to further transform the area around Discovery Green Park.
High Street Residential, a subsidiary of the prominent Dallas-based real estate firm Trammell Crow, is releasing new renderings of the interior of the luxury apartments, new branding and a timeline for when construction is expected to wrap. High Street broke ground on building in summer 2020.
The tower previously known as Block 98 has been renamed Parkside Residences, a nod to the project’s location near the popular 12-acre urban park.
Contractors with Andres Construction have topped out on the tower, meaning that the structure has reached its highest point at 470 feet tall.
High Street Residential expects to start preleasing the skyscraper in spring 2022. Residents are expected to start moving into the first few units this summer and construction is set to wrap up on the entire tower in summer 2023.
The 309-unit tower will bring new renters adding to the growing residential base in downtown Houston that has unfolded over the past two decades.
Historically, downtown wasn’t a bustling place after 5 p.m. on weekdays, but that’s changed over the past few decades. Back in 2014, Houston city planners approved a program offering to reimburse developers up to $15,000 per apartment unit they built downtown, according to earlier media reports. That helped to spur growth in residential projects followed by retail, restaurants and bars.
Now there are about 10,000 people living downtown – up from about 2,085 people in 2000, according to research from the nonprofit economic development group Central Houston. The group is anticipating downtown’s population to grow again this year with the delivery of about 1,300 residential units downtown.
“Crossing the 10,000-resident threshold during the pandemic speaks to the appeal of downtown Houston’s unique selling points. Downtown has become a bustling neighborhood where people live, work, recreate, innovate, relax and much more—this is the future of development in Houston as well as cities across the country.” said Kris Larson, President & CEO of Central Houston in a statement.
In addition to High Street Residential’s tower Parkside Residences, the Houston developer Hines is also progressing on Brava, a 46-story apartment tower across from the new office project Texas Tower. The first residents are expected to move into the initial units in Brava in late February, with construction on the entire 373-unit tower expected by the third quarter 2022, a Hines spokesperson confirmed.
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Near High Street Residential’s project, Skanska USA is building the office tower 1550 on the Green, which is expected to be the first piece in a broader mixed-use district that may also eventually encompass more residential space. Skanska has not announced firm plans yet for that mixed-use district, called Discovery West.
High Street Residential is betting that its proximity to the park with sweeping views of downtown, its luxury design and its connection to the downtown tunnel system will help it stand out among new apartment projects in the area.
“The location adjacent to Discovery Green provides walkable access to sports venues, restaurants, and entertainment, as well as the downtown office buildings. Additionally, all of the units have outstanding high-rise views. We are the only residential tower with internal connection to the Houston tunnel and skywalk system – convenient connectivity to millions of square feet of office space and retail,” said said Yewande Fapohunda of High Street Residential, in an email.
Located at 808 Crawford Street, Parkside Residences will offer a mix of studio, one-, two- and three-bedroom apartment homes, including two-story corner loft units with upgraded finishes on select levels throughout the tower.
With architecture by Ziegler Cooper Architects and interior design by Waldrop + Nichols Studio, the rooms are designed with 10-foot ceilings; floor-to-ceiling windows; blackout shades; chef-quality kitchens with Bosch or Thermador appliances, quartz countertops and premium plumbing fixtures; European-made custom cabinetry; spa-like bathroom features; and spacious closets.
Residents will also have access to a host of amenities: the city’s tallest rooftop pool; a lounge and clubroom, complete with a catering kitchen; a state-of-the-art fitness center; two guest suites to accommodate short-term residents’ guest stays; an expansive work-from-home suite offering conference rooms and co- and solo-working pods; and multiple outdoor seating areas with grills and views overlooking nearby Discovery Green and the Houston CBD skyline. The building’s 43rd floor will feature 270-degree views and an impressive rooftop pool with indoor and outdoor lounges and a cantilevered observation deck.
“The project team for Parkside Residences has created what will be a truly unique offering in Downtown Houston. The luxury high rise will provide residents with an elevated lifestyle through thoughtful design, high-end finishes, and a sought-after amenity collection,” Fapohunda added.
High Street Residential expects to announce the rental rates for the luxury units in spring 2022 once they begin preleasing, Fapohunda said.
Downtown apartments typically fetch some of the highest rental rates in the city with average asking rates hovering around $2,400 a month – almost double the metro’s average rate of $1,248 a month, according to commercial real estate data firm CoStar.
For Parkside Residences, Ziegler Cooper Architects is the project’s architect and Andres Construction is the general contractor. Other design partners include Walter P Moore, SCA Consulting Engineers, Kudela & Weinheimer, Wylie Consulting Engineers, and Waldrop + Nichols.
https://www.houstonchronicle.com/business/real-estate/article/Exclusive-First-look-at-plans-for-a-43-story-16923998.php
