location, location
Within stumbling distance from Washington Avenue is only one of proposed luxuryapartment's perks
When job numbers are up, the need for apartment units also rises.
With recently-announced plans for a mixed-use complex near Highland Village, plus two centrally-located acquisitions by Finger Companies (which has another project underway on West Dallas), now seems to be the time to build in Houston.
As the Houston Chronicle's Nancy Sarnoff first reported, Kaplan Cos. has purchased a 7-acre tract off of T.C. Jester Boulevard, bordered by Allen Street and Schuler Street to the north and south.
The high-end apartment complex is expected to open in the summer of 2013.
The planned project, called the District at Washington and designed by the Clerkly Watkins Group, will be a four- and five-story, 396-unit complex. One- and two-bedroom apartments will range from $1,209 to $1,959.
Kaplan partner and CFO Geoffrey Simpson told Sarnoff that the spacious plot allows for amenities like large courtyards, plus "additional features including an 11,000-square-foot clubhouse, fitness center with a yoga and spin bike area, a lap and lounging pool, and dog parks."
Plus, it will be situated within stumbling distance to Washington Avenue bars and lounges, so inhabitants won't have to worry about hailing a cab after a night of dancing at Rebels.
The high-end apartment complex is expected to open in the summer of 2013.